Mahindra EPC Irrigation Ltd
NSE:MAHEPC
Income Statement
Earnings Waterfall
Mahindra EPC Irrigation Ltd
Income Statement
Mahindra EPC Irrigation Ltd
| Mar-2009 | Jun-2009 | Sep-2009 | Dec-2009 | Mar-2010 | Jun-2010 | Sep-2010 | Dec-2010 | Mar-2011 | Jun-2011 | Sep-2011 | Dec-2011 | Mar-2012 | Jun-2012 | Sep-2012 | Dec-2012 | Mar-2013 | Jun-2013 | Sep-2013 | Dec-2013 | Mar-2014 | Jun-2014 | Sep-2014 | Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | Mar-2024 | Jun-2024 | Sep-2024 | Dec-2024 | Mar-2025 | Jun-2025 | Sep-2025 | Dec-2025 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Interest Expense |
37
|
0
|
0
|
0
|
44
|
0
|
0
|
0
|
45
|
0
|
0
|
0
|
27
|
0
|
0
|
0
|
20
|
0
|
0
|
0
|
17
|
0
|
0
|
0
|
9
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
2
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
19
|
0
|
0
|
0
|
2
|
0
|
0
|
0
|
19
|
0
|
0
|
0
|
22
|
0
|
0
|
0
|
23
|
0
|
0
|
0
|
22
|
0
|
0
|
0
|
|
| Revenue |
623
N/A
|
652
+5%
|
714
+10%
|
676
-5%
|
724
+7%
|
809
+12%
|
824
+2%
|
886
+8%
|
868
-2%
|
901
+4%
|
899
0%
|
1 064
+18%
|
1 251
+18%
|
1 393
+11%
|
1 527
+10%
|
1 630
+7%
|
1 614
-1%
|
1 646
+2%
|
1 734
+5%
|
1 669
-4%
|
1 747
+5%
|
1 804
+3%
|
1 724
-4%
|
1 676
-3%
|
1 692
+1%
|
1 724
+2%
|
1 804
+5%
|
1 934
+7%
|
2 030
+5%
|
1 997
-2%
|
2 036
+2%
|
2 027
0%
|
2 015
-1%
|
2 117
+5%
|
1 811
-14%
|
1 842
+2%
|
2 048
+11%
|
1 975
-4%
|
2 390
+21%
|
2 624
+10%
|
2 601
-1%
|
2 613
+0%
|
2 700
+3%
|
2 753
+2%
|
2 840
+3%
|
2 769
-2%
|
2 673
-3%
|
2 653
-1%
|
2 542
-4%
|
2 463
-3%
|
2 466
+0%
|
2 170
-12%
|
2 119
-2%
|
2 206
+4%
|
1 912
-13%
|
2 059
+8%
|
2 104
+2%
|
2 163
+3%
|
2 477
+15%
|
2 622
+6%
|
2 625
+0%
|
2 545
-3%
|
2 468
-3%
|
2 480
+0%
|
2 727
+10%
|
2 894
+6%
|
2 890
0%
|
3 010
+4%
|
|
| Gross Profit | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Cost of Revenue |
(429)
|
(407)
|
(434)
|
(415)
|
(477)
|
(510)
|
(507)
|
(547)
|
(570)
|
(553)
|
(556)
|
(678)
|
(838)
|
(889)
|
(983)
|
(1 049)
|
(1 100)
|
(1 064)
|
(1 135)
|
(1 109)
|
(1 190)
|
(1 179)
|
(1 132)
|
(1 080)
|
(1 075)
|
(1 107)
|
(1 123)
|
(1 176)
|
(1 196)
|
(1 127)
|
(1 140)
|
(1 130)
|
(1 148)
|
(1 209)
|
(1 033)
|
(1 034)
|
(1 118)
|
(1 063)
|
(1 290)
|
(1 426)
|
(1 408)
|
(1 386)
|
(1 373)
|
(1 342)
|
(1 400)
|
(1 313)
|
(1 268)
|
(1 307)
|
(1 374)
|
(1 339)
|
(1 414)
|
(1 314)
|
(1 373)
|
(1 409)
|
(1 238)
|
(1 309)
|
(1 314)
|
(1 241)
|
(1 386)
|
(1 411)
|
(1 451)
|
(1 295)
|
(1 211)
|
(1 186)
|
(1 312)
|
(1 314)
|
(1 305)
|
(1 339)
|
|
| Gross Profit |
194
N/A
|
245
+26%
|
281
+15%
|
262
-7%
|
248
-5%
|
299
+21%
|
316
+6%
|
339
+7%
|
298
-12%
|
348
+17%
|
344
-1%
|
386
+12%
|
413
+7%
|
504
+22%
|
544
+8%
|
580
+7%
|
515
-11%
|
582
+13%
|
599
+3%
|
560
-7%
|
557
-1%
|
625
+12%
|
591
-5%
|
597
+1%
|
617
+3%
|
617
0%
|
681
+10%
|
758
+11%
|
834
+10%
|
870
+4%
|
895
+3%
|
897
+0%
|
866
-3%
|
908
+5%
|
778
-14%
|
808
+4%
|
930
+15%
|
911
-2%
|
1 100
+21%
|
1 198
+9%
|
1 194
0%
|
1 227
+3%
|
1 326
+8%
|
1 411
+6%
|
1 439
+2%
|
1 456
+1%
|
1 405
-4%
|
1 347
-4%
|
1 168
-13%
|
1 124
-4%
|
1 053
-6%
|
856
-19%
|
747
-13%
|
798
+7%
|
674
-16%
|
750
+11%
|
790
+5%
|
922
+17%
|
1 091
+18%
|
1 211
+11%
|
1 174
-3%
|
1 250
+6%
|
1 257
+1%
|
1 294
+3%
|
1 415
+9%
|
1 580
+12%
|
1 584
+0%
|
1 671
+5%
|
|
| Operating Income | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Operating Expenses |
(201)
|
(227)
|
(228)
|
(223)
|
(202)
|
(244)
|
(258)
|
(273)
|
(234)
|
(284)
|
(295)
|
(326)
|
(333)
|
(430)
|
(469)
|
(504)
|
(451)
|
(515)
|
(527)
|
(502)
|
(482)
|
(555)
|
(556)
|
(569)
|
(604)
|
(615)
|
(658)
|
(705)
|
(749)
|
(761)
|
(793)
|
(801)
|
(770)
|
(810)
|
(737)
|
(753)
|
(839)
|
(840)
|
(947)
|
(1 026)
|
(1 020)
|
(1 043)
|
(1 089)
|
(1 129)
|
(1 055)
|
(1 132)
|
(1 088)
|
(1 040)
|
(939)
|
(968)
|
(955)
|
(892)
|
(832)
|
(913)
|
(886)
|
(935)
|
(952)
|
(1 014)
|
(1 086)
|
(1 164)
|
(1 145)
|
(1 249)
|
(1 292)
|
(1 271)
|
(1 308)
|
(1 422)
|
(1 384)
|
(1 462)
|
|
| Selling, General & Administrative |
(186)
|
(66)
|
(68)
|
(68)
|
(185)
|
(82)
|
(86)
|
(96)
|
(216)
|
(99)
|
(103)
|
(105)
|
(314)
|
(125)
|
(139)
|
(148)
|
(403)
|
(156)
|
(165)
|
(171)
|
(429)
|
(187)
|
(185)
|
(190)
|
(197)
|
(204)
|
(210)
|
(212)
|
(722)
|
(214)
|
(226)
|
(225)
|
(739)
|
(233)
|
(225)
|
(231)
|
(807)
|
(240)
|
(243)
|
(246)
|
(246)
|
(249)
|
(254)
|
(259)
|
(1 017)
|
(322)
|
(322)
|
(333)
|
(908)
|
(388)
|
(459)
|
(501)
|
(801)
|
(400)
|
(334)
|
(289)
|
(918)
|
(298)
|
(308)
|
(313)
|
(1 111)
|
(312)
|
(315)
|
(313)
|
(1 271)
|
(391)
|
(389)
|
(394)
|
|
| Depreciation & Amortization |
(14)
|
(15)
|
(16)
|
(16)
|
(16)
|
(17)
|
(17)
|
(17)
|
(18)
|
(18)
|
(18)
|
(18)
|
(19)
|
(22)
|
(24)
|
(27)
|
(26)
|
(25)
|
(26)
|
(26)
|
(28)
|
(28)
|
(28)
|
(28)
|
(27)
|
(27)
|
(27)
|
(27)
|
(27)
|
(27)
|
(26)
|
(28)
|
(31)
|
(31)
|
(33)
|
(32)
|
(31)
|
(32)
|
(31)
|
(31)
|
(31)
|
(32)
|
(33)
|
(34)
|
(38)
|
(37)
|
(36)
|
(35)
|
(31)
|
(31)
|
(31)
|
(32)
|
(32)
|
(31)
|
(31)
|
(31)
|
(31)
|
(31)
|
(31)
|
(31)
|
(32)
|
(32)
|
(32)
|
(32)
|
(34)
|
(34)
|
(33)
|
(33)
|
|
| Other Operating Expenses |
(0)
|
(146)
|
(145)
|
(139)
|
(0)
|
(147)
|
(155)
|
(159)
|
0
|
(168)
|
(174)
|
(204)
|
0
|
(284)
|
(306)
|
(329)
|
(22)
|
(333)
|
(337)
|
(306)
|
(25)
|
(340)
|
(343)
|
(352)
|
(379)
|
(384)
|
(422)
|
(466)
|
0
|
(521)
|
(541)
|
(548)
|
0
|
(546)
|
(479)
|
(489)
|
0
|
(568)
|
(672)
|
(748)
|
(744)
|
(762)
|
(802)
|
(836)
|
0
|
(773)
|
(730)
|
(673)
|
0
|
(549)
|
(466)
|
(358)
|
0
|
(482)
|
(521)
|
(616)
|
(3)
|
(686)
|
(747)
|
(820)
|
(2)
|
(905)
|
(945)
|
(926)
|
(4)
|
(997)
|
(961)
|
(1 035)
|
|
| Operating Income |
(7)
N/A
|
18
N/A
|
53
+187%
|
38
-27%
|
46
+20%
|
54
+18%
|
59
+8%
|
66
+13%
|
64
-3%
|
64
0%
|
49
-23%
|
59
+21%
|
80
+34%
|
74
-8%
|
76
+3%
|
76
+1%
|
63
-17%
|
68
+7%
|
72
+7%
|
58
-20%
|
75
+30%
|
70
-8%
|
36
-49%
|
27
-24%
|
14
-50%
|
3
-82%
|
23
+824%
|
52
+126%
|
85
+62%
|
109
+28%
|
102
-6%
|
96
-6%
|
97
+1%
|
99
+2%
|
42
-58%
|
55
+32%
|
91
+65%
|
72
-22%
|
153
+113%
|
173
+13%
|
173
+0%
|
184
+6%
|
237
+29%
|
282
+19%
|
384
+36%
|
325
-15%
|
318
-2%
|
307
-3%
|
229
-25%
|
156
-32%
|
97
-38%
|
(36)
N/A
|
(86)
-142%
|
(116)
-35%
|
(212)
-84%
|
(185)
+13%
|
(162)
+13%
|
(92)
+43%
|
5
N/A
|
47
+888%
|
29
-39%
|
1
-98%
|
(35)
N/A
|
22
N/A
|
106
+377%
|
158
+48%
|
201
+27%
|
209
+4%
|
|
| Pre-Tax Income | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Interest Income Expense |
(33)
|
(40)
|
(41)
|
(43)
|
(37)
|
(45)
|
(45)
|
(47)
|
(41)
|
(46)
|
(38)
|
(31)
|
(11)
|
(29)
|
(31)
|
(32)
|
7
|
(20)
|
(21)
|
(18)
|
7
|
(25)
|
(25)
|
(20)
|
(9)
|
(8)
|
(4)
|
(6)
|
(0)
|
(9)
|
(15)
|
(15)
|
(2)
|
(11)
|
(5)
|
(5)
|
(0)
|
(8)
|
(11)
|
(12)
|
(15)
|
(16)
|
(19)
|
(22)
|
(22)
|
(20)
|
(16)
|
(11)
|
(2)
|
(10)
|
(16)
|
(22)
|
(22)
|
(29)
|
(26)
|
(25)
|
(25)
|
(24)
|
(26)
|
(30)
|
(29)
|
(29)
|
(27)
|
(23)
|
(21)
|
(26)
|
(29)
|
(31)
|
|
| Non-Reccuring Items |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(13)
|
0
|
0
|
0
|
1
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(54)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
| Gain/Loss on Disposition of Assets |
0
|
0
|
0
|
0
|
(0)
|
0
|
0
|
0
|
(2)
|
0
|
0
|
0
|
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(1)
|
0
|
0
|
0
|
(1)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
0
|
0
|
0
|
(1)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
1
|
0
|
0
|
0
|
(1)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
0
|
0
|
0
|
|
| Total Other Income |
8
|
13
|
15
|
18
|
5
|
11
|
9
|
8
|
2
|
15
|
18
|
19
|
4
|
19
|
21
|
25
|
(4)
|
30
|
30
|
26
|
(5)
|
25
|
27
|
27
|
23
|
24
|
20
|
20
|
18
|
22
|
20
|
19
|
3
|
17
|
18
|
20
|
13
|
14
|
12
|
8
|
10
|
10
|
10
|
13
|
13
|
28
|
29
|
27
|
24
|
16
|
15
|
13
|
2
|
5
|
4
|
13
|
27
|
26
|
27
|
19
|
25
|
30
|
34
|
35
|
22
|
25
|
26
|
22
|
|
| Pre-Tax Income |
(32)
N/A
|
(9)
+73%
|
26
N/A
|
13
-50%
|
14
+3%
|
21
+55%
|
23
+10%
|
28
+19%
|
23
-16%
|
33
+39%
|
29
-10%
|
47
+61%
|
72
+52%
|
63
-12%
|
66
+4%
|
70
+6%
|
53
-23%
|
77
+45%
|
81
+5%
|
67
-18%
|
77
+16%
|
70
-9%
|
38
-45%
|
34
-12%
|
27
-21%
|
18
-33%
|
39
+116%
|
66
+71%
|
103
+55%
|
122
+18%
|
108
-11%
|
100
-7%
|
97
-3%
|
105
+8%
|
55
-48%
|
70
+27%
|
104
+49%
|
78
-25%
|
153
+97%
|
169
+10%
|
168
-1%
|
178
+6%
|
228
+28%
|
273
+20%
|
322
+18%
|
333
+4%
|
331
-1%
|
323
-2%
|
251
-22%
|
161
-36%
|
95
-41%
|
(45)
N/A
|
(105)
-132%
|
(140)
-33%
|
(234)
-68%
|
(197)
+16%
|
(160)
+19%
|
(91)
+44%
|
7
N/A
|
37
+449%
|
24
-34%
|
1
-95%
|
(29)
N/A
|
34
N/A
|
107
+217%
|
156
+45%
|
199
+28%
|
201
+1%
|
|
| Net Income | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Tax Provision |
17
|
16
|
16
|
17
|
(4)
|
(6)
|
(8)
|
(11)
|
(9)
|
(13)
|
(5)
|
(6)
|
(5)
|
1
|
(4)
|
0
|
0
|
(4)
|
0
|
0
|
0
|
4
|
0
|
0
|
(9)
|
(16)
|
(14)
|
(13)
|
(15)
|
(22)
|
(17)
|
6
|
2
|
(2)
|
9
|
(32)
|
(54)
|
(43)
|
(63)
|
(65)
|
(55)
|
(59)
|
(77)
|
(85)
|
(91)
|
(93)
|
(87)
|
(79)
|
(61)
|
(36)
|
(21)
|
6
|
26
|
31
|
53
|
48
|
37
|
24
|
2
|
(8)
|
(8)
|
(3)
|
6
|
(9)
|
(35)
|
(47)
|
(58)
|
(59)
|
|
| Income from Continuing Operations |
(15)
|
7
|
42
|
30
|
10
|
15
|
16
|
17
|
14
|
20
|
24
|
41
|
67
|
65
|
62
|
70
|
53
|
73
|
81
|
67
|
77
|
74
|
38
|
34
|
18
|
2
|
25
|
54
|
87
|
100
|
90
|
106
|
99
|
103
|
64
|
38
|
49
|
35
|
91
|
104
|
113
|
120
|
151
|
188
|
230
|
240
|
244
|
245
|
190
|
125
|
74
|
(40)
|
(79)
|
(109)
|
(182)
|
(149)
|
(123)
|
(67)
|
9
|
29
|
17
|
(2)
|
(22)
|
25
|
72
|
108
|
140
|
142
|
|
| Net Income (Common) |
(15)
N/A
|
7
N/A
|
42
+475%
|
30
-29%
|
10
-68%
|
15
+61%
|
16
+1%
|
17
+8%
|
14
-14%
|
20
+38%
|
24
+21%
|
41
+70%
|
67
+63%
|
65
-3%
|
62
-4%
|
70
+12%
|
53
-23%
|
73
+37%
|
81
+11%
|
67
-18%
|
77
+16%
|
74
-4%
|
38
-48%
|
34
-12%
|
18
-47%
|
2
-89%
|
25
+1 150%
|
54
+114%
|
87
+63%
|
100
+14%
|
90
-10%
|
106
+18%
|
99
-7%
|
103
+4%
|
64
-38%
|
38
-41%
|
49
+30%
|
35
-29%
|
91
+159%
|
104
+14%
|
113
+8%
|
120
+6%
|
151
+26%
|
188
+25%
|
230
+23%
|
240
+4%
|
244
+2%
|
245
+0%
|
190
-23%
|
125
-34%
|
74
-41%
|
(40)
N/A
|
(79)
-99%
|
(109)
-38%
|
(182)
-66%
|
(149)
+18%
|
(123)
+17%
|
(67)
+46%
|
9
N/A
|
29
+233%
|
17
-43%
|
(2)
N/A
|
(22)
-1 387%
|
25
N/A
|
72
+194%
|
108
+50%
|
140
+29%
|
142
+1%
|
|
| EPS (Diluted) |
-1.14
N/A
|
0.55
N/A
|
3.17
+476%
|
2.21
-30%
|
0.69
-69%
|
1.02
+48%
|
1.06
+4%
|
1.14
+8%
|
0.94
-18%
|
0.83
-12%
|
1
+20%
|
1.7
+70%
|
3
+76%
|
2.76
-8%
|
2.51
-9%
|
2.51
N/A
|
2.01
-20%
|
2.64
+31%
|
2.93
+11%
|
2.43
-17%
|
2.79
+15%
|
2.69
-4%
|
1.39
-48%
|
1.22
-12%
|
0.65
-47%
|
0.08
-88%
|
0.91
+1 038%
|
1.94
+113%
|
3.15
+62%
|
3.61
+15%
|
3.25
-10%
|
3.79
+17%
|
3.56
-6%
|
3.67
+3%
|
2.31
-37%
|
1.36
-41%
|
1.78
+31%
|
1.23
-31%
|
3.3
+168%
|
3.75
+14%
|
4.05
+8%
|
4.31
+6%
|
5.44
+26%
|
6.73
+24%
|
8.26
+23%
|
8.63
+4%
|
8.78
+2%
|
8.76
0%
|
6.78
-23%
|
4.5
-34%
|
2.67
-41%
|
-1.43
N/A
|
-2.84
-99%
|
-3.92
-38%
|
-6.51
-66%
|
-5.5
+16%
|
-4.41
+20%
|
-2.4
+46%
|
0.32
N/A
|
1.06
+231%
|
0.6
-43%
|
-0.05
N/A
|
-0.8
-1 500%
|
0.87
N/A
|
2.58
+197%
|
3.86
+50%
|
4.88
+26%
|
5.05
+3%
|
|