Mahindra EPC Irrigation Limited reported a net loss of ₹2.14 crore for the quarter ended June 30, 2026 (Q1FY27), reversing from a net profit of ₹0.98 crore in the same period last year. Total income for the quarter declined to ₹54.46 crore from ₹62.17 crore in Q1FY26. The company’s basic and diluted earnings per share (EPS) stood at -0.77, compared to 0.35 in the prior year period.

The Board of Directors, at its meeting held on July 16, 2026, approved the unaudited standalone and consolidated financial results. The results were reviewed by the Audit Committee and filed with the stock exchanges under Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The statutory auditors, B S R & Co. LLP, issued an unmodified review conclusion on the results.

Board Appointments

In addition to the financial results, the Board appointed Mr. Vimal Agarwal as the Internal Auditor for a period of three years effective July 16, 2026. Mr. Rajeev Goyal was appointed as the Chairman of the Board with effect from July 16, 2026. Mr. Goyal, a Non-Executive Non-Independent Director, is the CFO of the Auto & Farm Sectors of the Mahindra Group.

Financial Performance

The company’s net profit before tax for the quarter was a loss of ₹2.85 crore, compared to a profit of ₹1.31 crore in Q1FY26. For the full year ended March 31, 2026, the company reported a net profit of ₹12.69 crore on a total income of ₹315.79 crore. Reserves as per the balance sheet of the previous accounting year stood at ₹157.11 crore.

Key Financial Metrics

The paid-up equity share capital of the company remained stable at ₹27.95 crore for the quarter ended June 30, 2026, with a face value of ₹10 per share. The total comprehensive income for the period also reflected a loss of ₹2.14 crore for the quarter.

Mahindra EPC Irrigation has announced the appointment of Rajeev Goyal as its new Board Chairman, with the designation set to come into effect from July 16, 2026.

Leadership Transition

The company has named Rajeev Goyal to assume the role of Board Chairman. The key details of this leadership appointment are outlined below:

This appointment marks a notable development in the company's board-level leadership structure. No further details regarding the circumstances of the transition or the outgoing chairman were included in the available information.