Attached herewith financial results for FY 24-25
MERCURYEV · price
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Mercury Ev-Tech Ltd reported strong FY24-25 results with standalone revenue from operations rising to Rs. 6,764.27 lakhs from Rs. 1,516.05 lakhs in FY24, a jump of around 4.5 times. Net profit for the year grew to Rs. 638.58 lakhs versus Rs. 219.27 lakhs, with basic EPS at Rs. 0.336 (vs Rs. 0.125). On a consolidated basis, including four subsidiaries, revenue reached Rs. 8,963.64 lakhs and net profit Rs. 769.70 lakhs. The company raised significant capital during the year, allotting 1.44 crore equity shares at Rs. 75 each and 4.53 crore convertible warrants, boosting other equity from Rs. 6,288.22 lakhs to Rs. 26,108.24 lakhs. It also acquired a 69.84% stake in DC2 Mercury Cars Private Limited, making it a subsidiary. Total assets expanded sharply from Rs. 11,605.74 lakhs to Rs. 29,650.05 lakhs. The board appointed Mr. Jayesh Raichandbhai Thakkar as Chairman in addition to his role as Managing Director. Statutory auditor Tejas K. Soni & Company issued an unmodified opinion.
A multi-fold jump in revenue and profits along with major capital infusion and a new subsidiary points to rapid business expansion, which is positive for shareholders. However, operating cash flows turned sharply negative and borrowings limits were raised, indicating heavy investment and growth-phase cash burn that investors should monitor.