Enclosed herewith Unaudited Financial Statement along with Limited Review Report issued by Statutory Auditor of the Company for the Quarter ended on June 30,2025
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Mercury Ev-Tech Ltd announced its Q1 FY26 results on August 14, 2025. On a standalone basis, revenue from operations nearly doubled to Rs 490.84 lakh (vs Rs 258.16 lakh in Q1 FY25), but net profit slipped slightly to Rs 35.73 lakh from Rs 39.09 lakh. On a consolidated basis, revenue surged over five-fold to Rs 2,256.65 lakh (vs Rs 387.49 lakh), and net profit jumped to Rs 162.58 lakh from Rs 48.50 lakh, driven by recently acquired subsidiaries. The company added Haitek Automotive as a 70%-owned subsidiary during the quarter. The statutory auditor issued an unmodified limited review conclusion on both standalone and consolidated results.
Consolidated revenue and profit jumped sharply year-on-year, mainly due to the consolidation of subsidiaries rather than purely organic growth. Standalone profit was flat, and overall margins compressed, which investors should weigh against the strong top-line growth.