Mahindra EPC Irrigation

Mahindra EPC Irrigation reported FY26 revenue of ₹315.8 croreCurrent reported value: ₹315.8 crore. No comparable prior figure is available in the source record., up 14.8% YoYCurrent reported value: 14.8% YoY. No comparable prior figure is available in the source record., outperforming industry growth of ~6-7%Current 6-7%. Reported change: +6-7% YoY.. PBT improved to ₹17 croreCurrent reported value: ₹17 crore. No comparable prior figure is available in the source record. from ₹10.7 crore, aided by a 1% material cost saving and better product mix. However, Q4 PAT fell to ₹6.44 crore (vs ₹9.4 crore) due to a sharp 58-59%Current 58-59%. Reported change: +58-59% MoM. spike in raw material prices in March and delayed state fund releases. The non-subsidy business reached a record 35%Current 35%. Reported change: +32pp YoY. of revenue (from 3% in FY20), improving cash flow resilience. Management sees an inflection point for the industry with policy support and GST reduction, but raw material volatility and state payment delays remain key risks. The order book for irrigation projects stands at ₹55 crCurrent ₹55 Cr. Reported change: +20 Cr upside.ore with ₹20 crore upside. The company is focused on product mix optimization and expanding non-subsidy segments to mitigate margin pressure.