Mahindra EPC Irrigation Ltd's Q3FY25 Quarter Results
- 22 Jan 2025
Result Summary
- Mahindra EPC Irrigation Ltd reported a 61.1% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter-ended Dec (Q3FY25). On a year-on-year (YoY) basis, it witnessed a growth of 1.6%.
- Its expenses for the quarter were up by 34.4% QoQ and down 6.2% YoY.
- The net profit decreased 330.1% QoQ and increased 280.2% YoY.
- The earnings per share (EPS) of Mahindra EPC Irrigation Ltd stood at 2.3 during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 81.60 | 50.65 | 80.34 | 61.1% | 1.6% |
Total Expenses | 73.07 | 54.36 | 77.91 | 34.4% | -6.2% |
Profit Before Tax | 8.53 | -3.71 | 2.43 | -329.9% | 251.0% |
Tax | 2.18 | -0.95 | 0.62 | -329.5% | 251.6% |
Profit After Tax | 6.35 | -2.76 | 1.67 | -330.1% | 280.2% |
Earnings Per Share | 2.30 | -1.00 | 0.60 | -330.0% | 283.3% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
Mahindra EPC Irrigation Ltd operates within the irrigation industry, specializing in providing irrigation solutions. The company primarily focuses on manufacturing and distributing micro-irrigation systems, which are critical for enhancing water efficiency in agriculture. These systems include drip and sprinkler irrigation products that are designed to optimize water usage, thereby supporting sustainable agricultural practices. Although there is no recent specific development mentioned, Mahindra EPC Irrigation Ltd is part of the larger Mahindra Group, which is known for its diverse portfolio ranging from automotive to real estate sectors, providing a solid backing in terms of resources and market reach.
Revenue
For the third quarter of fiscal year 2025 (Q3FY25), Mahindra EPC Irrigation Ltd reported a total income of ₹81.60 crores. This marks a substantial increase of 61.1% compared to the previous quarter (Q2FY25), where the total income was ₹50.65 crores. Year-over-year (YoY) comparison with the third quarter of fiscal year 2024 (Q3FY24) shows a more modest growth of 1.6%, as the total income during Q3FY24 was ₹80.34 crores. This data indicates a strong quarter-over-quarter growth performance in terms of revenue.
Profitability
The company posted a profit before tax of ₹8.53 crores in Q3FY25, a dramatic turnaround from a loss of ₹3.71 crores in the previous quarter (Q2FY25). This represents a significant quarter-over-quarter improvement of -329.9%. Compared to the same quarter last year (Q3FY24), where the profit before tax was ₹2.43 crores, there is a year-over-year increase of 251.0%. After accounting for taxes, the profit after tax for Q3FY25 stood at ₹6.35 crores, compared to a loss of ₹2.76 crores in Q2FY25 and a profit of ₹1.67 crores in Q3FY24, reflecting a YoY increase of 280.2%. Earnings per share (EPS) also saw a notable improvement, rising to ₹2.30 in Q3FY25 from a negative ₹1.00 in Q2FY25 and ₹0.60 in Q3FY24, marking a YoY increase of 283.3%.
Operating Metrics
Total expenses for Mahindra EPC Irrigation Ltd in Q3FY25 were ₹73.07 crores, which is a 34.4% increase from ₹54.36 crores in Q2FY25. However, this is a decrease of 6.2% when compared to the same period last year (Q3FY24), where total expenses were ₹77.91 crores. This reduction in year-over-year expenses could indicate improved cost management or operational efficiencies. The tax expense for Q3FY25 was ₹2.18 crores, a reversal from a tax credit of ₹0.95 crores in Q2FY25, and an increase from ₹0.62 crores in Q3FY24, showing a YoY growth of 251.6%. These operating metrics reflect significant changes in both cost and tax structures over the periods considered.
