Summary of Key Information:
Reporting Period (Quarter/Year): Quarter ended June 30, 2026 (Q1 FY27)
Nature of Filing / Announcement: Outcome under Regulation 30 & 33 of SEBI LODR
Audit Opinion:
Clean/Unmodified - Statutory auditors expressed an unmodified review conclusion on both standalone and consolidated financial results.
Key Financial Highlights [Rs. in Crores]:
Standalone Results:
Revenue from Operations: ₹54.16 crore (Q1 FY26: ₹62.04 crore, YoY decline)
Total Income: ₹54.46 crore
Net Profit: Loss of ₹2.14 crore (Q1 FY26: Profit of ₹0.98 crore)
EPS: -₹0.77 (not annualized)
Other Equity: Not specified for current quarter
Consolidated Results:
Revenue from Operations: ₹54.16 crore
Total Income: ₹54.46 crore
Net Profit: Loss of ₹2.14 crore
EPS: -₹0.77 (not annualized)
Other Equity: Not specified for current quarter
Expense Breakdown (Standalone):
Cost of materials consumed: ₹25.91 crore
Employee benefits expense: ₹8.04 crore
Finance costs: ₹1.07 crore
Depreciation and amortization: ₹0.72 crore
Other expenses: ₹23.42 crore
Total expenses: ₹57.31 crore
Tax Expense:
Deferred tax: (₹0.71) crore
Segment-wise Performance:
The Company is engaged in single operating segment - Precision Farming Products & Services as per Ind AS 108.
Corporate Actions:
Not Specified
Auditor Appointments:
Appointment of Mr. Vimal Agarwal as Internal Auditor with effect from July 16, 2026 for a period of three years.
Mr. Vimal Agarwal is a Chartered Accountant and MBA with 25 years of experience in finance, governance, and business strategy. He is the Group Chief Internal Auditor of Mahindra & Mahindra Limited (Holding Company).
Management Appointments:
Appointment of Mr. Rajeev Goyal as Chairman of the Board with effect from July 16, 2026.
Mr. Rajeev Goyal (DIN: 03139184) is the CFO of Auto & Farm Sectors (AFS) of Mahindra Group with consolidated global revenue of ₹92,000 crore. He was appointed as a Non-Executive Non-Independent Director on July 19, 2025.
He is a qualified Chartered Accountant with 35+ years of experience and has attended leadership programs at Harvard Business School, IMD Business School, and Yale School of Management.
Compliance Status:
Mr. Rajeev Goyal is not inter se related to any other Director of the Company and is not debarred from holding the office of Director by virtue of any SEBI Order.
Other Significant Information:
The figures for the quarter ended March 31, 2026 are balancing figures between audited annual figures and limited reviewed year-to-date figures up to the third quarter.
The financial results have been prepared in accordance with Ind AS prescribed under Section 133 of the Companies Act, 2013.
Entities in Consolidation:
- Mahindra EPC Irrigation Limited (Parent)
- Mahindra Top Greenhouses Private Limited (Joint Venture)
Share of profit/(loss) of Joint Venture: Nil