Mumbai, April 21 (IANS) Mahindra EPC Irrigation Limited, a subsidiary of Mahindra and Mahindra Limited, on Tuesday reported a 23.36 per cent decline in its fourth quarter (Q4 FY26) profit.
The company posted a consolidated net profit of Rs 4.79 crore for Q4 FY26, down from Rs 6.25 crore in the same quarter previous financial year (Q4 FY25), according to its stock exchange filing.
Profit before tax also saw a sharp fall of 64.36 per cent to Rs 3.36 crore, compared with Rs 6.36 crore in Q4 FY25.
However, revenue from operations rose 11.58 per cent year-on-year (YoY) to Rs 107 crore during the quarter, up from Rs 95.89 crore a year ago, the report said.
The increase in revenue was accompanied by a rise in expenses, which impacted profitability.
Total expenses climbed 15.5 per cent to Rs 101.64 crore in Q4 FY26 from Rs 88 crore in the corresponding period last year.
The cost of materials consumed stood at Rs 40.63 crore, marking an 8.12 per cent increase, while employee benefit expenses rose 18.89 per cent to Rs 9.88 crore.
Mahindra EPC Irrigation operates in the micro-irrigation segment, offering products such as drip and sprinkler systems, agricultural pumps, greenhouses, and landscape solutions.
The company focuses on improving farm productivity through efficient water management solutions.
For the full financial year ended March 31, 2026, the company reported a net profit of Rs 12.69 crore and revenue of Rs 315.79 crore.
On the corporate front, the board has approved several key appointments, subject to shareholder approval at the upcoming annual general meeting.
Shriprakash Shukla has been appointed as a non-executive, non-independent director and will retire by rotation, while not seeking reappointment due to superannuation.
The board also approved the reappointment of Ramesh Ramachandran as managing director for a period of three years starting September 15, 2026.
In addition, Dr. Purvi Mehta and Balram Singh Yadav have been appointed as additional non-executive independent directors for a term of five years from April 21, 2026, to April 20, 2031.
Shares of the company ended 1.76 per cent higher at Rs 128.17 on the BSE on April 21.
–IANS
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