Mahindra EPC Irrigation Limited reported earnings results for the fourth quarter and full year ended March 31, 2024. For the fourth quarter, the company reported sales was INR 711.7 million compared to INR 709.6 million a year ago. Revenue was INR 737.8 million compared to INR 726.8 million a year ago. Net income was INR 14.9 million compared to INR 27.4 million a year ago. Basic earnings per share from continuing operations was INR 0.53 compared to INR 0.98 a year ago. Diluted earnings per share from continuing operations was INR 0.53 compared to INR 0.98 a year ago.
For the full year, sales was INR 2,624.5 million compared to INR 2,103.7 million a year ago. Revenue was INR 2,655.1 million compared to INR 2,131.3 million a year ago. Net income was INR 16.7 million compared to net loss of INR 123.1 million a year ago. Basic earnings per share from continuing operations was INR 0.6 compared to basic loss per share from continuing operations of INR 4.41 a year ago. Diluted earnings per share from continuing operations was INR 0.6 compared to diluted loss per share from continuing operations of INR 4.41 a year ago.