Please refer the enclosed file.
MERCURYEV · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Mercury Ev-Tech reported strong Q2 FY26 results with standalone revenue from operations jumping to ₹1,549.01 lakhs from ₹490.84 lakhs in Q2 FY25, a growth of over 215%. Standalone net profit rose to ₹115.12 lakhs (₹35.73 lakhs in Q2 FY25), translating to EPS of ₹0.061 vs ₹0.019 earlier. For H1 FY26, standalone revenue grew ~24% to ₹2,039.85 lakhs and net profit grew ~17% to ₹150.85 lakhs. On a consolidated basis, Q2 FY26 revenue was ₹3,400.66 lakhs (up ~51% YoY) with net profit of ₹184.23 lakhs. The company's total assets stood at ₹30,706 lakhs (standalone) and ₹35,765 lakhs (consolidated) as of September 30, 2025. However, operating cash flow remained deeply negative at -₹1,382.58 lakhs (standalone) and -₹1,458.71 lakhs (consolidated) for H1 FY26, mainly due to rising inventory, receivables, and loans & advances.
Sharp topline and profit growth signal strong business momentum, likely positive for the stock. However, the consistently negative operating cash flow and heavy increase in working capital and loans given out are red flags on cash quality and should be monitored closely by investors.