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Mahindra EPC Clarifies Q2 FY26 Results; Reports Turnaround with ₹1.41 Cr H1 Profit
Mahindra EPC Irrigation Limited provided clarifications to the Stock Exchange regarding its Q2 FY26 results, confirming that standalone and consolidated figures are identical due to inactive joint venture operations. The company reported a significant turnaround, posting a Net Profit of ₹0.43 crore in Q2 FY26 compared to a loss of ₹2.76 crore in the same period last year. For the first half of FY26 (H1), revenue grew 17% to ₹111.62 crore, resulting in a profit of ₹1.41 crore against a loss of ₹5.39 crore in H1 FY25. The company also ensured compliance by resubmitting results in a machine-readable format.
Key Highlights
Turnaround to a Net Profit of ₹0.43 crore in Q2 FY26 from a Net Loss of ₹2.76 crore in Q2 FY25.
H1 FY26 Revenue increased to ₹111.62 crore, a 17% growth over ₹95.33 crore in H1 FY25.
H1 FY26 Net Profit stood at ₹1.41 crore compared to a significant Net Loss of ₹5.39 crore in the previous year.
Clarified that standalone and consolidated financials are identical due to no significant transactions in its Joint Venture.
Resubmitted financial results in searchable PDF format to comply with SEBI/Exchange regulations.
💼 Action for Investors
The company has demonstrated a successful shift from losses to profitability over the first half of the fiscal year. Investors should watch for sustained margin improvements and revenue growth in the precision farming sector.
Mahindra EPC Q3 Revenue Rises 14.7% YoY to ₹93.47 Cr; Clarifies Financial Disclosures
Mahindra EPC Irrigation responded to stock exchange queries, clarifying that its standalone and consolidated results are identical due to an inactive Joint Venture. The company reported Q3 FY26 revenue of ₹93.47 crore, marking a 14.7% growth over ₹81.45 crore in Q3 FY25. Net profit for the quarter reached ₹6.49 crore, compared to ₹6.35 crore YoY, after accounting for a ₹2 crore exceptional item related to new labour codes. The company confirmed no changes to previously reported financial figures during this compliance-related resubmission.
Key Highlights
Revenue from operations increased to ₹93.47 crore in Q3 FY26 from ₹81.45 crore in Q3 FY25
Net profit stood at ₹6.49 crore, showing marginal growth from ₹6.35 crore in the corresponding quarter last year
The company recognized a ₹2 crore exceptional charge for estimated retiral benefit impacts under new government Labour Codes
Identical standalone and consolidated figures were attributed to lack of operations in the company's Joint Venture
Basic EPS for the quarter was ₹2.32, up from ₹2.27 in the previous year's December quarter
💼 Action for Investors
The clarification is a routine compliance matter and does not alter the company's financial health. Investors should monitor the core precision farming business growth, which remains the primary driver as the JV is currently non-operational.
Mahindra EPC Q3 FY26 Revenue Up 14.7% to ₹93.47 Cr; PAT at ₹6.49 Cr
Mahindra EPC Irrigation reported a steady performance for the quarter ended December 31, 2025, with revenue from operations growing 14.7% year-on-year to ₹93.47 crore. Net profit for the quarter reached ₹6.49 crore, up from ₹6.35 crore in the previous year, despite a ₹2 crore exceptional charge for new labour code provisions. The company clarified that standalone and consolidated figures are identical as its joint venture had no significant transactions. For the nine-month period, total income showed a robust growth of 17%, reaching ₹207.79 crore.
Key Highlights
Revenue from operations increased by 14.7% YoY to ₹93.47 crore in Q3 FY26.
Net Profit (PAT) stood at ₹6.49 crore versus ₹6.35 crore in the corresponding quarter last year.
Recognized an exceptional item of ₹2.00 crore as a provision for incremental retiral benefits under new Labour Codes.
Nine-month total income rose significantly to ₹207.79 crore from ₹177.66 crore in the previous year.
Earnings Per Share (EPS) for the quarter was ₹2.32, compared to ₹2.27 in Q3 FY25.
💼 Action for Investors
Investors should view the steady revenue growth and stable margins positively, especially considering the one-time impact of the labour code provision. The company remains a solid mid-cap play in the precision farming and irrigation infrastructure segment.
Mahindra EPC Irrigation Approves Q3 FY26 Results; Re-appoints Internal Auditor
Mahindra EPC Irrigation Limited held a board meeting on January 16, 2026, to approve the unaudited standalone and consolidated financial results for the quarter and nine months ended December 31, 2025. Along with the financial results, the board approved the re-appointment of Mr. K N Vaidyanathan as the Internal Auditor effective April 1, 2026. Mr. Vaidyanathan is a highly experienced professional with over 36 years in capital markets and a former Executive Director at SEBI. The meeting concluded within 80 minutes, following standard regulatory procedures.
Key Highlights
Approval of unaudited standalone and consolidated financial results for the quarter ended December 31, 2025.
Re-appointment of Mr. K N Vaidyanathan as Internal Auditor from April 1, 2026, to May 5, 2026.
Internal Auditor Mr. Vaidyanathan brings 36+ years of experience, including roles at SEBI and as Mahindra Group Chief Internal Auditor.
The board meeting commenced at 3:20 PM and concluded at 4:40 PM on January 16, 2026.
💼 Action for Investors
Investors should review the detailed financial statements on the exchange website to analyze revenue and margin trends for the quarter. The re-appointment of an experienced internal auditor is a positive indicator for the company's corporate governance and risk management framework.