Results - Announcements
Mercury EV-Tech Ltd share price softened by 3.70% to Rs 32.02 after the company's net profit tumbled by 21.79% to Rs 1.22 crore, while revenue from operations eased by 9.86% to Rs 30.09 crore in Q3FY26 over Q2FY26.
The market capitalization of Passenger Cars & Utility Vehicles industry group stocks on BSE stood at Rs 12.09 lakh crore, slipping 0.86%. It has inched up 1.12% over last one week and collapsed sharply by 17.51% in last one month while the market capitalization of Mercury EV-Tech Ltd has marginally improved by 1.81% and 10.98% in the same period respectively.
Profit before tax (PBT) of Mercury EV-Tech Ltd stood at Rs 2.29 crore in Q3 FY26, declining 2.55% year-on-year, and surging by 17.44% quarter-on-quarter. EBITDA came in at Rs 6 crore, jumping 160.50% YoY and expanding by 113.79% sequentially.
Total expenses fell by 12.94% to Rs 27.05 crore in Q3FY26 over Q3FY25. During the quarter, cost of materials consumed stood at Rs 13.45 crore, falling by 15.46% YoY, while employee benefits expense was at Rs 2.57 crore, registering a marginal contraction of 3.38% YoY.
For the TTM ended FY26, revenue from operations rose 13.87% to Rs 102.07 crore, while net profit plunged by 42.99% to Rs 4.39 crore, compared to previous TTM. EBITDA witnessed a strong improvement of 655% to Rs 0.6 crore, and PBT tanked by 33.70% to Rs 6.59 crore compared to previous TTM.
The company's consolidated net cash flow from operating activities stood at Rs 31.65 crore in FY26, as against Rs 43.83 crore in FY25.
Mercury EV-Tech Ltd crashed 23.69% in last one year, underperforming the benchmark BSE Sensex which has declined by 11.78% during the same period.