Mahindra EPC Irrigation Limited — Investor Meet, 25-11-2025: Analysts/Institutional Investor Meet/Con. Call Updates

Mahindra EPC Irrigation reported strong H1 FY26 with revenue up 17% to Rs. 111.6 Cr and PBT swinging to Rs. 1.9 Cr profit, despite industry challenges from monsoons. Q2 revenue was flat, with PBT positive at Rs. 0.6 Cr. Diversification into irrigation projects and non-subsidy business (now 37.8% of revenue) drove growth. Management notes strong long-term potential for micro irrigation (18% penetration; 2M Ha annual government target) and positive industry trends like stable raw material prices, good monsoons, and favorable policies. The company aims for consistent, balanced growth, exploring new markets and leveraging its M&M parentage. Management is confident in delivering above-industry performance.