Mahindra EPC Irrigation surges as Q2 net profit soars 418.6% YoY

Mahindra EPC Irrigation surged 8.12% to Rs 107.95 after the company reported a 418.6% YoY increase in consolidated net profit to Rs 2.23 crore in Q2 FY27.

The company had reported a net loss of Rs 2.14 crore in Q1 FY27.

Consolidated revenue from operations increased 46.53% YoY and 34.14% QoQ to Rs 72.65 crore in Q2 FY27.

Profit before tax stood at Rs 2.96 crore in Q2 FY27, up 410.34% YoY. The company had reported a pre-tax loss of Rs 2.85 crore in Q1 FY27.

Total expenditure increased 40.29% YoY to Rs 68.77 crore. Raw material costs increased 86% YoY to Rs 40.12 crore. Employee expenses rose 7.16% YoY to Rs 8.68 crore. Interest costs increased 52.5% YoY to Rs 1.22 crore, while depreciation declined 5.06% YoY to Rs 0.75 crore.

The company reported a net cash inflow of Rs 5.17 crore from operating activities in H1 FY27, compared with a net cash outflow of Rs 10.34 crore in the corresponding period last year.

Mahindra EPC Irrigation manufactures and markets drip and sprinkler irrigation systems, automation and allied agricultural solutions for individual farmers and community irrigation projects.

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