Enclosed herewith Unaudited Financial Results along with Limited Review Report issued by Statutory Auditor of the company for the Quarter ended June 30, 2025.
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Mercury Ev-Tech Ltd reported its Q1 FY26 results with a strong revenue jump on a consolidated basis. Consolidated revenue from operations surged to Rs 2,256.65 lakhs from Rs 387.49 lakhs in Q1 FY25, a roughly 5.8x increase, while consolidated net profit rose sharply to Rs 162.58 lakhs from Rs 48.50 lakhs. Standalone performance was more modest — revenue from operations grew to Rs 490.84 lakhs from Rs 258.16 lakhs, but net profit slipped slightly to Rs 35.73 lakhs from Rs 39.09 lakhs. The company added a new subsidiary, Haitek Automotive (70% stake acquired this quarter), bringing the total to five consolidated subsidiaries. The statutory auditor issued an unmodified limited review opinion on both sets of results.
Consolidated numbers show strong top-line and bottom-line growth, largely driven by the expanded subsidiary base and the new Haitek acquisition, which should be positive for shareholders. However, standalone profit dipped marginally despite nearly doubling revenue, and the auditor flagged an Emphasis of Matter noting subsidiary results are based on unaudited financials, so investors should watch for consistency in audited full-year numbers.