The contract, valued at approximately Rs 17.95 crore, is to be executed over a 12-month period. The order has been awarded to a domestic entity.
The company confirmed that neither the promoters nor promoter group companies have any interest in the awarding entity, and the contract does not qualify as a related party transaction.
Mahindra EPC Irrigation is in the business of micro irrigation systems, viz., drip and sprinklers, agricultural pumps, greenhouses, and landscape products.
The company’s consolidated net profit rose 2.20% to Rs 6.49 crore in Q3 FY26, compared with Rs 6.35 crore recorded in Q3 FY25. Revenue from operations rallied 14.75% to Rs 93.47 crore in Q3 FY26, against Rs 81.45 crore posted in the same quarter last year.
Shares of Mahindra EPC Irrigation tanked 3.91% to trade at Rs 108.10 on the BSE.