Mahindra EPC Irrigation Ltd Share Price – NSE  /  BSE

Plastic products, Small Cap

Net profit of Mahindra EPC Irrigation declined 45.62% to Rs 1.49 crore in the quarter ended March 2024 as against Rs 2.74 crore during the previous quarter ended March 2023. Sales rose 0.30% to Rs 71.17 crore in the quarter ended March 2024 as against Rs 70.96 crore during the previous quarter ended March 2023.

For the full year,net profit reported to Rs 1.67 crore in the year ended March 2024 as against net loss of Rs 12.31 crore during the previous year ended March 2023. Sales rose 24.76% to Rs 262.45 crore in the year ended March 2024 as against Rs 210.37 crore during the previous year ended March 2023.

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The said contract has to be executed within a period of 12 months. The value of the supply contract is Rs 13.2 crore.

Mahindra EPC Irrigation manufactures micro-irrigation systems (MIS) consisting of drips and sprinklers at its facilities in Nashik, Vadodara and Coimbatore.

The company had reported a consolidated net profit of Rs 1.67 crore in the quarter ended December 2023 as against net loss of Rs 0.38 crore during the previous quarter ended December 2022. Sales rose 22.04% to Rs 80.29 crore in Q3 FY24 over Q3 FY23.

The scrip had gained 1.59% to end at Rs 131.05 on the BSE on Friday.

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Mahindra EPC Irrigation has secured order of Rs 13.2 crore for supply of micro irrigation systems for 2700 Ha approx. from Office of the Asst. Engineer.

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Mahindra EPC Irrigation will hold a meeting of the Board of Directors of the Company on 23 April 2024.

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