MAHEPC Mahindra EPC Irrigation Q4 FY26 results (Jan–Mar 2026) and concall
Mahindra EPC delivered strong FY26 results with 14.8% revenue growth and improved PBT, driven by strategic shifts towards non-subsidy business and operational efficiencies. However, Q4 profitability was impacted by raw material price surges, and persistent working capital challenges due to delayed government payments remain a key concern. The company is focused on leveraging government support for micro irrigation and scaling up project capabilities while mitigating risks.
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What they filed
Q4 FY26: revenue up 11.6%, net profit down 23.4% against the same quarter last year.
| Line item | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 |
|---|---|---|---|---|---|---|
| Revenue | 81 | 96 | 62 | 50 | 93 +15% | 107 +12% |
| EBITDA | 10 | 10 | 3 | 1 | 10 +8% | 7 −27% |
| Net profit | 6 | 6 | 1 | 0 | 6 +2% | 5 −23% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Inve summary of a publicly available earnings call transcript; see how call summaries are prepared. Not investment advice.
