Mahindra EPC Irrigation Income Statement

Financials in millions INR. Fiscal year is April - March.

Millions INR. Fiscal year is Apr - Mar.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022	Mar '21 Mar 31, 2021
Operating Revenue	3,010	2,727	2,625	2,104	2,119	2,542
Other Revenue	-	-	-	-	-	16.82
Revenue	3,010	2,727	2,625	2,104	2,119	2,559
Revenue Growth (YoY)	21.39%	3.89%	24.76%	-0.74%	-17.18%	-10.06%
Cost of Revenue	1,360	1,276	1,407	1,275	1,348	1,343
Gross Profit	1,650	1,451	1,217	828.7	771.8	1,216
Selling, General & Admin	360.9	348.1	341.7	314.1	322.5	296.98
Other Operating Expenses	1,047	962.8	815.3	645.4	503.5	642.45
Operating Expenses	1,441	1,345	1,189	990.3	857.6	970.33
Operating Income	209	106.4	28.9	-161.6	-85.8	246.06
Interest Expense	-29.2	-21.9	-26.2	-21.7	-18.7	-5.34
Interest & Investment Income	2.1	2.1	2.3	1.3	0.9	2.1
Earnings From Equity Investments	-	-	-4.8	-2.8	-4.1	-2.33
Currency Exchange Gain (Loss)	-0.6	-0.6	-3.3	-0.5	-0.1	-0.38
Other Non Operating Income (Expenses)	20.9	2.7	1.1	2.2	1.9	-1.2
EBT Excluding Unusual Items	202.2	88.7	-2	-183.1	-105.9	238.91
Gain (Loss) on Sale of Assets	-0.1	-0.1	-	-0.8	0.5	0.16
Other Unusual Items	-1.5	18.5	26.3	23.6	0.2	11.67
Pretax Income	200.6	107.1	24.3	-160.3	-105.2	250.73
Income Tax Expense	59.1	35	7.6	-37.2	-26.1	61.12
Net Income	141.5	72.1	16.7	-123.1	-79.1	189.62
Net Income to Common	141.5	72.1	16.7	-123.1	-79.1	189.62
Net Income Growth	477.55%	331.74%	-	-	-	-17.70%
Shares Outstanding (Basic)	28	28	28	28	28	28
Shares Outstanding (Diluted)	28	28	28	28	28	28
Shares Change (YoY)	4.08%	0.01%	0.21%	0.17%	-0.49%	0.27%
EPS (Basic)	5.11	2.58	0.60	-4.41	-2.84	6.81
EPS (Diluted)	5.11	2.58	0.60	-4.41	-2.84	6.78
EPS Growth	454.22%	331.20%	-	-	-	-17.92%
Free Cash Flow	-	-63.5	-9	168.5	-239.5	96.23
Free Cash Flow Per Share	-	-2.27	-0.32	6.04	-8.60	3.44
Dividend Per Share	-	-	-	-	-	1.200
Gross Margin	54.81%	53.21%	46.39%	39.39%	36.42%	47.53%
Operating Margin	6.94%	3.90%	1.10%	-7.68%	-4.05%	9.62%
Profit Margin	4.70%	2.64%	0.64%	-5.85%	-3.73%	7.41%
Free Cash Flow Margin	-	-2.33%	-0.34%	8.01%	-11.30%	3.76%
EBITDA	241.13	137.1	57.7	-132.4	-55.5	275.66
EBITDA Margin	8.01%	5.03%	2.20%	-6.29%	-2.62%	10.77%
D&A For EBITDA	32.13	30.7	28.8	29.2	30.3	29.6
EBIT	209	106.4	28.9	-161.6	-85.8	246.06
EBIT Margin	6.94%	3.90%	1.10%	-7.68%	-4.05%	9.62%
Effective Tax Rate	29.46%	32.68%	31.28%	-	-	24.38%
Revenue as Reported	3,052	2,751	2,655	2,131	2,124	2,573

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.