{"id":75216,"date":"2026-04-21T18:56:23","date_gmt":"2026-04-21T13:26:23","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=75216"},"modified":"2026-04-21T18:56:25","modified_gmt":"2026-04-21T13:26:25","slug":"mahindra-epc-irrigation-q4-fy26-results-pat-479-crore-revenue-107-crore","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/mahindra-epc-irrigation-q4-fy26-results-pat-479-crore-revenue-107-crore\/","title":{"rendered":"Mahindra EPC Irrigation Q4 FY26 Results: PAT Falls 23% to \u20b94.79 Crore \u2014 Mahindra EPC Irrigation Q4 Revenue Rises 12% to \u20b9107 Crore Despite Cost Headwinds"},"content":{"rendered":"<p>Mahindra EPC Irrigation Q4 FY26 results reveal a mixed picture for this Mahindra Group subsidiary. The Mahindra EPC Irrigation Q4 FY26 consolidated net profit declined 23.36% year-on-year to \u20b94.79 crore from \u20b96.25 crore in Mahindra EPC Irrigation Q4 FY25. However, Mahindra EPC Irrigation Q4 revenue from operations grew 11.58% YoY to \u20b9107 crore from approximately \u20b995.88 crore in the year-ago period. The Mahindra EPC Irrigation Q4 divergence between growing revenue (+12%) and falling PAT (\u221223%) indicates margin compression \u2014 a common challenge for input-cost-exposed agricultural equipment companies in the Mahindra EPC Irrigation Q4 period.<\/p><p>Mahindra EPC Irrigation Q4 FY26 results come at a time when India&#8217;s agricultural micro-irrigation sector is undergoing significant government-supported expansion. Mahindra EPC Irrigation Q4 revenue growth of 11.6% reflects genuine demand improvement \u2014 but the Mahindra EPC Irrigation Q4 profitability decline shows that cost pass-through remains a challenge. The Mahindra EPC Irrigation Q4 results highlight the need to monitor whether the company can recover margins as the Mahindra EPC Irrigation Q4 revenue base continues to grow.<\/p><p>Track Mahindra EPC Irrigation Q4 and all results on <a href=\"https:\/\/univest.in\/user\/log-in\">Univest<\/a>.<\/p><div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/univest.in\/blogs-2\/mahindra-epc-irrigation-q4-fy26-results-pat-479-crore-revenue-107-crore\/#Mahindra_EPC_Irrigation_Q4_FY26_%E2%80%94_Financial_Results_Table\" title=\"Mahindra EPC Irrigation Q4 FY26 \u2014 Financial Results Table\">Mahindra EPC Irrigation Q4 FY26 \u2014 Financial Results Table<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/univest.in\/blogs-2\/mahindra-epc-irrigation-q4-fy26-results-pat-479-crore-revenue-107-crore\/#Mahindra_EPC_Irrigation_Q4_Understanding_the_Revenue-PAT_Divergence\" title=\"Mahindra EPC Irrigation Q4: Understanding the Revenue-PAT Divergence\">Mahindra EPC Irrigation Q4: Understanding the Revenue-PAT Divergence<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/univest.in\/blogs-2\/mahindra-epc-irrigation-q4-fy26-results-pat-479-crore-revenue-107-crore\/#Mahindra_EPC_Irrigation_Q4_Indias_Micro-Irrigation_Opportunity\" title=\"Mahindra EPC Irrigation Q4: India&#8217;s Micro-Irrigation Opportunity\">Mahindra EPC Irrigation Q4: India&#8217;s Micro-Irrigation Opportunity<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/univest.in\/blogs-2\/mahindra-epc-irrigation-q4-fy26-results-pat-479-crore-revenue-107-crore\/#Mahindra_EPC_Irrigation_Q4_FY26_Conclusion\" title=\"Mahindra EPC Irrigation Q4 FY26: Conclusion\">Mahindra EPC Irrigation Q4 FY26: Conclusion<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/univest.in\/blogs-2\/mahindra-epc-irrigation-q4-fy26-results-pat-479-crore-revenue-107-crore\/#Mahindra_EPC_Irrigation_Q4_FY26_%E2%80%94_Frequently_Asked_Questions\" title=\"Mahindra EPC Irrigation Q4 FY26 \u2014 Frequently Asked Questions\">Mahindra EPC Irrigation Q4 FY26 \u2014 Frequently Asked Questions<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/univest.in\/blogs-2\/mahindra-epc-irrigation-q4-fy26-results-pat-479-crore-revenue-107-crore\/#1_What_was_Mahindra_EPC_Irrigation_Q4_FY26_PAT\" title=\"1. What was Mahindra EPC Irrigation Q4 FY26 PAT?\">1. What was Mahindra EPC Irrigation Q4 FY26 PAT?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/univest.in\/blogs-2\/mahindra-epc-irrigation-q4-fy26-results-pat-479-crore-revenue-107-crore\/#2_What_was_Mahindra_EPC_Irrigation_Q4_FY26_revenue\" title=\"2. What was Mahindra EPC Irrigation Q4 FY26 revenue?\">2. What was Mahindra EPC Irrigation Q4 FY26 revenue?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/univest.in\/blogs-2\/mahindra-epc-irrigation-q4-fy26-results-pat-479-crore-revenue-107-crore\/#3_Why_did_Mahindra_EPC_Irrigation_Q4_profit_fall\" title=\"3. Why did Mahindra EPC Irrigation Q4 profit fall?\">3. Why did Mahindra EPC Irrigation Q4 profit fall?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/univest.in\/blogs-2\/mahindra-epc-irrigation-q4-fy26-results-pat-479-crore-revenue-107-crore\/#4_What_is_Mahindra_EPC_Irrigation_Q4_business\" title=\"4. What is Mahindra EPC Irrigation Q4 business?\">4. What is Mahindra EPC Irrigation Q4 business?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/univest.in\/blogs-2\/mahindra-epc-irrigation-q4-fy26-results-pat-479-crore-revenue-107-crore\/#5_What_is_the_outlook_for_Mahindra_EPC_Irrigation_Q4_profitability\" title=\"5. What is the outlook for Mahindra EPC Irrigation Q4 profitability?\">5. What is the outlook for Mahindra EPC Irrigation Q4 profitability?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/univest.in\/blogs-2\/mahindra-epc-irrigation-q4-fy26-results-pat-479-crore-revenue-107-crore\/#6_Did_Mahindra_EPC_Irrigation_Q4_declare_a_dividend\" title=\"6. Did Mahindra EPC Irrigation Q4 declare a dividend?\">6. Did Mahindra EPC Irrigation Q4 declare a dividend?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/univest.in\/blogs-2\/mahindra-epc-irrigation-q4-fy26-results-pat-479-crore-revenue-107-crore\/#7_When_do_TCS_announce_Q4_results\" title=\"7. When do TCS announce Q4 results?\">7. When do TCS announce Q4 results?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/univest.in\/blogs-2\/mahindra-epc-irrigation-q4-fy26-results-pat-479-crore-revenue-107-crore\/#8_Is_Mahindra_EPC_Irrigation_Q4_a_good_investment_after_results\" title=\"8. Is Mahindra EPC Irrigation Q4 a good investment after results?\">8. Is Mahindra EPC Irrigation Q4 a good investment after results?<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/univest.in\/blogs-2\/mahindra-epc-irrigation-q4-fy26-results-pat-479-crore-revenue-107-crore\/#Recent_Article\" title=\"Recent Article\">Recent Article<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Mahindra_EPC_Irrigation_Q4_FY26_%E2%80%94_Financial_Results_Table\"><\/span><strong>Mahindra EPC Irrigation Q4 FY26 \u2014 Financial Results Table<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td><strong>Metric<\/strong><\/td><td><strong>Q4 FY25 (Base)<\/strong><\/td><td><strong>Q4 FY26 (Actual)<\/strong><\/td><td><strong>Change<\/strong><\/td><\/tr><tr><td>Revenue from Ops<\/td><td>\u20b995.88 Cr<\/td><td>\u20b9107 Cr<\/td><td>+11.58% YoY<\/td><\/tr><tr><td>Net Profit (PAT)<\/td><td>\u20b96.25 Cr<\/td><td>\u20b94.79 Cr<\/td><td>\u219323.36% YoY<\/td><\/tr><tr><td>Revenue Growth<\/td><td>Positive<\/td><td>\u20b9107 Cr<\/td><td>11.6% YoY<\/td><\/tr><tr><td>PAT Decline<\/td><td>\u2014<\/td><td>\u20b94.79 Cr<\/td><td>Cost pressure impact<\/td><\/tr><tr><td>Company<\/td><td>\u2014<\/td><td>Mahindra Group subsidiary<\/td><td>Agri-irrigation sector<\/td><\/tr><\/tbody><\/table><\/figure><p>Source: Mahindra EPC Irrigation Q4 FY26 consolidated results, BSE\/NSE filing April 21, 2026; Upstox.<\/p><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Mahindra_EPC_Irrigation_Q4_Understanding_the_Revenue-PAT_Divergence\"><\/span><strong>Mahindra EPC Irrigation Q4: Understanding the Revenue-PAT Divergence<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><p>The Mahindra EPC Irrigation Q4 results show a pattern that requires careful interpretation. Mahindra EPC Irrigation Q4 revenue growing 11.6% while PAT falls 23% indicates significant cost inflation eating into Mahindra EPC Irrigation Q4 gross margins. In the Mahindra EPC Irrigation Q4 period (January\u2013March 2026), key input costs for drip irrigation manufacturers \u2014 HDPE pipes, fittings, emitters, and polymer-based components \u2014 remained elevated due to crude oil price volatility. The Mahindra EPC Irrigation Q4 quarter also saw increased competition from lower-cost suppliers in certain government project categories, which may have pressured Mahindra EPC Irrigation Q4 pricing.<\/p><p>Additionally, Mahindra EPC Irrigation Q4 results may reflect higher fixed overhead costs as the company expands its dealer network and operational infrastructure. The Mahindra EPC Irrigation Q4 operating leverage has not yet fully kicked in \u2014 meaning fixed costs are growing alongside revenue in the Mahindra EPC Irrigation Q4 period, limiting the benefit of the topline expansion. For Mahindra EPC Irrigation Q4 profitability to recover, either revenue needs to accelerate significantly or input costs need to moderate \u2014 both of which are plausible scenarios in FY27.<\/p><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Mahindra_EPC_Irrigation_Q4_Indias_Micro-Irrigation_Opportunity\"><\/span><strong>Mahindra EPC Irrigation Q4: India&#8217;s Micro-Irrigation Opportunity<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><p>Despite the Mahindra EPC Irrigation Q4 profitability decline, the long-term opportunity for the Mahindra EPC Irrigation Q4 business remains compelling. India has only approximately 10% micro-irrigation penetration on total irrigated area \u2014 one of the lowest globally. The Mahindra EPC Irrigation Q4 addressable market is vast. Government programs like Pradhan Mantri Krishi Sinchayee Yojana (PMKSY) actively promote drip and sprinkler irrigation through substantial subsidies \u2014 the same programs that drive Mahindra EPC Irrigation Q4 revenue. The Indian government&#8217;s commitment to doubling farm income and conserving water resources ensures that Mahindra EPC Irrigation Q4 demand tailwinds remain structurally intact through FY27 and beyond.<\/p><p>The Mahindra Group parentage gives Mahindra EPC Irrigation Q4 significant advantages: government relationship access, financing support through Mahindra Financial, and distribution network leverage. These strengths will help the Mahindra EPC Irrigation Q4 business navigate near-term margin headwinds and emerge stronger as the Mahindra EPC Irrigation Q4 revenue base expands.<\/p><p>Screen Mahindra EPC Irrigation Q4 fundamentals on <a href=\"https:\/\/univest.in\/screeners\">Univest Screener<\/a>.<\/p><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Mahindra_EPC_Irrigation_Q4_FY26_Conclusion\"><\/span><strong>Mahindra EPC Irrigation Q4 FY26: Conclusion<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><p>Mahindra EPC Irrigation Q4 FY26 results are a mixed bag. Mahindra EPC Irrigation Q4 revenue growth of 11.6% is positive \u2014 confirming demand is real. But the Mahindra EPC Irrigation Q4 PAT decline of 23% is a near-term concern that investors must monitor. The Mahindra EPC Irrigation Q4 story is ultimately a long-term one \u2014 India&#8217;s water management imperative and government subsidy programs provide durable demand. Whether Mahindra EPC Irrigation Q4 profitability recovers in FY27 will be the critical test. Track Mahindra EPC Irrigation Q4 FY27 results closely for margin recovery signals.<\/p><p>For more Q4 FY26 results, visit <a href=\"https:\/\/univest.in\/blogs\">Univest Blogs<\/a>.<\/p><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Mahindra_EPC_Irrigation_Q4_FY26_%E2%80%94_Frequently_Asked_Questions\"><\/span><strong>Mahindra EPC Irrigation Q4 FY26 \u2014 Frequently Asked Questions<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"1_What_was_Mahindra_EPC_Irrigation_Q4_FY26_PAT\"><\/span><strong>1. What was Mahindra EPC Irrigation Q4 FY26 PAT?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>Mahindra EPC Irrigation Q4 FY26 consolidated PAT was \u20b94.79 crore \u2014 down 23.36% YoY from \u20b96.25 crore in Mahindra EPC Irrigation Q4 FY25.<\/p><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"2_What_was_Mahindra_EPC_Irrigation_Q4_FY26_revenue\"><\/span><strong>2. What was Mahindra EPC Irrigation Q4 FY26 revenue?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>Mahindra EPC Irrigation Q4 revenue was \u20b9107 crore \u2014 up 11.58% YoY from approximately \u20b995.88 crore in the same period last year. Mahindra EPC Irrigation Q4 revenue growth was positive despite the PAT decline.<\/p><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"3_Why_did_Mahindra_EPC_Irrigation_Q4_profit_fall\"><\/span><strong>3. Why did Mahindra EPC Irrigation Q4 profit fall?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>Mahindra EPC Irrigation Q4 PAT declined 23% despite 12% revenue growth, indicating cost inflation \u2014 likely from HDPE and polymer input costs \u2014 exceeding the Mahindra EPC Irrigation Q4 revenue pricing power. Higher fixed overheads also compressed Mahindra EPC Irrigation Q4 margins.<\/p><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"4_What_is_Mahindra_EPC_Irrigation_Q4_business\"><\/span><strong>4. What is Mahindra EPC Irrigation Q4 business?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>Mahindra EPC Irrigation Q4 covers the business of drip irrigation, sprinkler systems, and water management solutions for Indian agriculture. Mahindra EPC Irrigation Q4 products serve farmers under government subsidy programs like PMKSY. It is a Mahindra Group subsidiary.<\/p><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"5_What_is_the_outlook_for_Mahindra_EPC_Irrigation_Q4_profitability\"><\/span><strong>5. What is the outlook for Mahindra EPC Irrigation Q4 profitability?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>Mahindra EPC Irrigation Q4 profitability recovery depends on input cost moderation or revenue acceleration driving operating leverage. Mahindra EPC Irrigation Q4 revenue trajectory is positive. FY27 Mahindra EPC Irrigation Q4 results will be the key test for margin recovery.<\/p><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"6_Did_Mahindra_EPC_Irrigation_Q4_declare_a_dividend\"><\/span><strong>6. Did Mahindra EPC Irrigation Q4 declare a dividend?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>No dividend was mentioned in the Mahindra EPC Irrigation Q4 FY26 results coverage. Verify the official Mahindra EPC Irrigation Q4 board resolution on BSE\/NSE filings for the final dividend declaration.<\/p><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"7_When_do_TCS_announce_Q4_results\"><\/span><strong>7. When do TCS announce Q4 results?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p><a href=\"https:\/\/univest.in\/blogs\/tcs-q4-results-2026-date-preview\">TCS Q4 FY26 results were declared on April 9, 2026<\/a>. <\/p><h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"8_Is_Mahindra_EPC_Irrigation_Q4_a_good_investment_after_results\"><\/span><strong>8. Is Mahindra EPC Irrigation Q4 a good investment after results?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3><p>Mahindra EPC Irrigation Q4 operates in a structurally growing sector. The Mahindra EPC Irrigation Q4 revenue growth is encouraging but near-term PAT headwinds are a concern. Monitor Mahindra EPC Irrigation Q4 FY27 for margin recovery before committing capital. Consult a SEBI-registered financial advisor.<\/p><p>Disclaimer: Investment in the share market is subject to risk. This article is for informational and educational purposes only. All financial data sourced from publicly available NSE\/BSE filings and news sources. Verify all numbers before investing. Consult a SEBI-registered advisor before making investment decisions.<\/p><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Recent_Article\"><\/span><strong>Recent Article<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><p><a href=\"https:\/\/univest.in\/blogs\/vrl-logistics-q4-results-2026-2\">VRL Logistics Q4 Results 2026: Date, Revenue, PAT and Analyst Outlook<\/a><\/p><p><a href=\"https:\/\/univest.in\/blogs\/vraj-iron-and-steel-q4-results-2026\">Vraj Iron and Steel Q4 Results 2026: Date, Revenue, PAT and Analyst Outlook<\/a><\/p><p><a href=\"https:\/\/univest.in\/blogs\/voltas-q4-results-2026\">Voltas Q4 Results 2026: Date, Revenue, PAT and Analyst Outlook<\/a><\/p><p><a href=\"https:\/\/univest.in\/blogs\/voltamp-transformers-q4-results-2026\">Voltamp Transformers Q4 Results 2026: Date, Revenue, PAT and Analyst Outlook<\/a><\/p><p><a href=\"https:\/\/univest.in\/blogs\/vodafone-idea-q4-results-2026\">Vodafone Idea Q4 Results 2026: Date, Revenue, PAT and Analyst Outlook<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Mahindra EPC Irrigation Q4 FY26 results reveal a mixed picture for this Mahindra Group subsidiary. The Mahindra EPC Irrigation Q4 FY26 consolidated net profit declined 23.36% year-on-year to \u20b94.79 crore from \u20b96.25 crore in Mahindra EPC Irrigation Q4 FY25. 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