Summary of Key Information:

Reporting Period (Quarter/Year): Quarter and Half Year ended September 30, 2026 (Q2 FY27, H1 FY27)

Nature of Filing / Announcement: Regulation 30 & 33 of SEBI (LODR) - Financial Results

Audit Opinion:

Unmodified review conclusion by statutory auditors B S R & Co. LLP for both standalone and consolidated financial results

Key Financial Highlights [Rs. in Crores]:

Standalone Results:

Quarter Ended September 30, 2026:

  • Revenue from Operations: ₹72.65 crore (vs ₹49.58 crore in Q2 FY26 - 46.6% YoY increase)
  • Total Income: ₹72.95 crore
  • Net Profit: ₹2.23 crore (vs ₹0.43 crore in Q2 FY26)
  • EPS (Basic): ₹0.80 (not annualized)

Half Year Ended September 30, 2026:

  • Revenue from Operations: ₹126.81 crore (vs ₹111.62 crore in H1 FY26 - 13.6% YoY increase)
  • Total Income: ₹127.41 crore
  • Net Profit: ₹0.09 crore (vs ₹1.41 crore in H1 FY26)
  • EPS (Basic): ₹0.03 (not annualized)

Comparative Full Year (FY26):

  • Revenue from Operations: ₹312.09 crore (Audited)
  • Net Profit: ₹12.69 crore (Audited)
  • EPS: ₹4.54

Consolidated Results:

Consolidated results are identical to standalone results as the joint venture (Mahindra Top Greenhouses Private Limited) had no material impact with share of profit/(loss) shown as zero across all periods.

Financial Position (Standalone as at September 30, 2026):

  • Paid-up Equity Share Capital: ₹27.95 crore (face value ₹10 each)
  • Other Equity: ₹157.02 crore
  • Total Equity: ₹184.97 crore
  • Cash and Cash Equivalents: ₹0.53 crore
  • Total Assets: ₹345.40 crore
  • Total Debt: Not separately quantified but includes short-term borrowings under financial liabilities

Segment-wise Performance:

The Company operates in a single operating segment: Precision Farming Products & Services as per Ind AS 108. No segment-wise disclosures are provided.

Corporate Actions:

No dividends, share splits, bonus issues, buybacks, or capital structure changes announced.

Cash Flow Analysis (Standalone H1 FY27):

  • Net cash from operating activities: ₹5.17 crore (improved from negative ₹10.34 crore in H1 FY26)
  • Net cash used in investing activities: ₹0.82 crore
  • Net cash used in financing activities: ₹3.85 crore
  • Net increase in cash: ₹0.50 crore

Other Significant Information:

  • The company utilized short-term borrowings of ₹60.00 crore and repaid ₹62.06 crore during H1 FY27
  • Fixed deposits of ₹0.07 crore were placed during the period
  • Property, plant and equipment acquisitions totaled ₹1.03 crore
  • Employee benefits expense remained stable at ₹16.72 crore for H1 FY27

Entities in Consolidation:

  • Parent: Mahindra EPC Irrigation Limited
  • Joint Venture: Mahindra Top Greenhouses Private Limited (with zero share of profit/loss)

Exceptional Items:

No exceptional items reported for current periods. FY26 had exceptional items of ₹2.00 crore.