The Board at their meeting held today considered and approved Audited (Standalone & Consolidated) Financial Results for the quarter and year ended 31st March 2026 along with Auditors Report and Auditors related matters.
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Mahindra EPC Irrigation reported strong full-year FY2026 results with standalone revenue from operations at Rs 312 crore, up 14.4% from Rs 272.67 crore in FY2025. Standalone profit after tax grew 75.9% to Rs 12.69 crore versus Rs 7.21 crore last year. The auditors (BSR & Associates LLP) issued an unmodified (clean) audit opinion. An exceptional charge of Rs 2 crore was recorded due to the implementation of new Labour Codes. The company disclosed that related party transactions with parent Mahindra & Mahindra Limited exceeded SEBI-prescribed limits and plans to approach SEBI for settlement. The board also approved appointments of two new independent directors with significant agri-business experience.
The 75.9% PAT growth and clean audit report are positive signals for shareholders. However, the disclosure regarding RPT limit breach and the Rs 2 crore exceptional charge may require attention. Short-term borrowings nearly doubled to Rs 45.21 crore from Rs 25.19 crore, indicating higher debt levels.