Mahindra EPC Irrigation Posts Strong FY26 Earnings
Mahindra EPC Irrigation reported a profit after tax of Rs 12.69 crore for FY26, a rise of 76% year-on-year, while revenue grew 14.5% over the same period, according to a report published by AgroSpectrum India on 3 October 2026. No further breakdown of revenue figures or business segment detail was available from the single outlet reporting the results.
The company operates in the irrigation engineering, procurement and construction space, a segment that Projects India tracks across the broader Irrigation Projects sector.
Key Financial Facts
| Metric | FY26 Value | Change |
|---|---|---|
| Profit After Tax (PAT) | Rs 12.69 crore | +76% year-on-year |
| Revenue | Not disclosed | +14.5% year-on-year |
| Company | Mahindra EPC Irrigation | — |
| Period | FY26 | — |
The Broader Irrigation Project Pipeline in India
The earnings come against a backdrop of a large and active project pipeline. Projects India tracks 2,208 live projects in the Other Irrigation Projects sub-sector, with one project added to the database in the last 90 days. There are currently no open India tenders recorded for the wider Irrigation Projects sector.
Of the 2,208 tracked projects, 1,340 are at the Under Approvals stage, representing the largest share of the pipeline and indicating a substantial volume of potential work that has yet to enter the procurement phase. A further 786 projects are at the Construction Started stage, meaning active site work is under way across a significant number of schemes. Eleven projects are classified as Nearly Completion, five have Approvals Received, 45 are at Planning stage and 19 are at Early or Announced stage.
Recent projects entering the database include a Rs 113 crore Lift Irrigation Scheme at Santalpur, Patan, Gujarat, promoted by Enviro Infra Engineers Private Limited, currently under approvals. A Rs 542 crore Varangaon Talvel Parisar Lift Irrigation Scheme in Jalgaon, Maharashtra, promoted by Tapi Irrigation Development Corporation, has already moved to the Construction Started stage. Among larger schemes, the Lower Orr Irrigation Scheme in Shivpuri, Madhya Pradesh, valued at Rs 3,065 crore and promoted by the National Water Development Agency, is under approvals, while the Purna Barrage II Project in Akola, Maharashtra, valued at Rs 888 crore and promoted by Vidarbha Irrigation Development Corporation, is in construction.
Geography: Where the Work Is Concentrated
Maharashtra dominates the tracked pipeline with 585 projects, followed by Madhya Pradesh with 378, Karnataka with 178, Chhattisgarh with 164, Andhra Pradesh with 163 and Telangana with 126. Together these six states account for the majority of tracked activity in the sub-sector.
Madhya Pradesh in particular has seen significant policy-level movement. The Madhya Pradesh cabinet has cleared a Rs 13,790 crore package that includes major irrigation projects, adding to the state's already sizeable pipeline of 378 tracked schemes.
What this means for suppliers and contractors
The 76% rise in PAT at Mahindra EPC Irrigation signals that specialist irrigation EPC firms can deliver meaningful earnings growth even in a year of moderate revenue expansion, which may encourage further investment by contractors in this segment.
For suppliers and contractors assessing where to focus business development effort, the stage breakdown of the 2,208 tracked projects is directly relevant. The 1,340 projects under approvals represent the forward pipeline from which construction-stage contracts will eventually emerge, while the 786 already in construction represent near-term procurement and supply opportunities. Maharashtra and Madhya Pradesh, with a combined 963 tracked projects, are the most active states by volume.
The absence of any currently open tenders in the broader Irrigation Projects sector, as recorded by Projects India, suggests that the active construction pipeline is being served by contracts already awarded, and that the next wave of tendering activity is likely to emerge from the large under-approvals cohort as schemes clear regulatory processes. Suppliers of pumps, pipes, civil works, electrical equipment and canal lining materials should monitor approvals-stage projects in Maharashtra, Madhya Pradesh and Karnataka in particular.
For a full view of live schemes, all tracked projects are available on the Projects India platform.
Frequently asked questions
What were Mahindra EPC Irrigation's FY26 financial results?
Mahindra EPC Irrigation reported a profit after tax of Rs 12.69 crore for FY26, representing a 76% increase year-on-year. Revenue also grew by 14.5% over the same period, according to AgroSpectrum India reporting on 3 October 2026.
How many irrigation projects are currently tracked in India?
Projects India tracks 2,208 live projects in the Other Irrigation Projects sub-sector. Of these, 1,340 are under approvals, 786 are in construction, and the remainder are at planning, early, approvals received or near-completion stages.
Which states have the most irrigation projects in India?
Maharashtra leads with 585 tracked Other Irrigation Projects, followed by Madhya Pradesh with 378, Karnataka with 178, Chhattisgarh with 164, Andhra Pradesh with 163 and Telangana with 126, based on Projects India data.
Are there open irrigation project tenders in India right now?
Projects India currently records no open India tenders in the broader Irrigation Projects sector. The active construction pipeline appears to be served by contracts already awarded, with the next tendering wave likely to emerge from the 1,340 schemes under approvals.
