The shares of M&M group stock engaged in microirrigation systems such as Drip and Sprinklers, Agricultural Pumps, Greenhouses, and landscape products are in the limelight after receiving contracts for the supply of micro-irrigation systems
Share Price Movement
The shares of Mahindra EPC Irrigation Ltd, with a market capitalization of Rs 367.42 Crores, as of noon were trading at around Rs 131.53 per share after hitting a 5% upper circuit, higher than the previous close of Rs 125.
About the deal
As per a press release dated 29 January 2025, the company informed that it has been awarded contracts for the supply of Micro Irrigation Systems under a community micro-irrigation project.
The Office of the Chief Engineer, Community Micro Irrigation Project awarded the contract to Mahindra EPC Irrigation for the supply of Micro Irrigation Systems for 40 acres approximately. The size of the contract is Rs 1.73 Crores approximately.
Financials
Its Revenue from operations slightly grew by 1.4% YoY from Rs. 80.29 Crores in Q3FY24 to Rs. 81.45 Crores in Q3FY25, and on QoQ basis, it rose by 63% from Rs 50 Crores in Q2FY25. Its Net profits jumped 276% from Rs. 1.7 Crores in Q3FY24 to Rs. 6.4 Crores in Q3FY25, and on a QoQ basis, it grew by 332%, from a loss of Rs 2.8 Crores in Q2FY25.
About Mahindra EPC Irrigation Ltd
It specializes in manufacturing and providing micro-irrigation systems for farmers, including drip and sprinkler irrigation, agricultural pumps, greenhouses, and landscape products, with a focus on sustainable precision farming solutions like water management, automation, and community irrigation projects; it is a subsidiary of the Mahindra Group and is considered a pioneer in micro-irrigation within India since its incorporation in 1981.
Written by Adhvaitha Nayani
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