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Mercury Ev-Tech (MERCURYEV)₹29.85+0.24%Passenger Cars & Utility Vehicles
In the Jun 2026 quarter (consolidated), Mercury Ev-Tech reported sales of ₹33.44 Cr, up 47.9% from Jun 2025, and net profit of ₹1.64 Cr, up 30.2% year on year. For the year to Mar 2026, sales were ₹102 Cr and net profit ₹3.98 Cr.
Company filings, consolidated accounts; latest reported quarter Jun 2026
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 5.53 | 4.59 | 5.58 | 3.88 | 19.51 | 35.63 | 30.73 | 22.61 | 34.06 | 25.35 | 20.25 | 33.44 |
| Expenses | 4.88 | 3.60 | 5.17 | 2.96 | 17.40 | 29.41 | 31.42 | 20.38 | 30.88 | 22.83 | 22.45 | 30.00 |
| Operating Profit | 0.63 | 0.98 | 0.39 | 0.91 | 2.03 | 6.09 | −0.88 | 2.13 | 3.02 | 2.39 | −2.35 | 3.27 |
| OPM % | 11.2% | 21.2% | 6.8% | 23.3% | 10.3% | 17.0% | −2.9% | 9.4% | 8.9% | 9.4% | −11.6% | 9.8% |
| Other Income | 0.49 | 0.00 | 0.00 | 0.00 | 0.39 | 0.17 | 2.86 | 0.49 | 0.63 | 0.01 | 4.70 | 0.35 |
| Interest | 0.13 | 0.11 | −0.04 | 0.06 | 0.07 | 0.30 | 0.40 | 0.12 | 0.07 | 0.19 | 0.38 | 0.72 |
| Depreciation | 0.07 | 0.11 | 0.09 | 0.16 | 0.20 | 0.15 | 0.21 | 0.29 | 1.21 | 0.99 | 1.12 | 0.95 |
| Profit before tax | 0.89 | 0.72 | 0.34 | 0.65 | 2.12 | 5.76 | 1.36 | 2.18 | 2.34 | 1.19 | 0.84 | 1.94 |
| Tax % | 34.3% | 27.3% | 31.4% | 25.7% | 24.8% | 25.9% | 2.9% | 25.5% | 21.6% | 37.4% | 80.0% | 20.0% |
| Net Profit | 0.58 | 0.52 | 0.22 | 0.48 | 1.59 | 4.26 | 1.54 | 1.26 | 1.71 | 0.88 | 0.29 | 1.64 |
| EPS (Rs) | 0.03 | 0.02 | 0.00 | 0.02 | 0.08 | 0.22 | 0.07 | 0.06 | 0.08 | 0.04 | 0.01 | 0.08 |
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|
| Sales | 1.01 | 16.02 | 22.05 | 89.16 | 102 | 113 |
| Expenses | 0.99 | 13.93 | 18.94 | 80.66 | 96.57 | 106 |
| Operating Profit | 0.00 | 2.01 | 3.01 | 8.02 | 5.01 | 6.33 |
| OPM % | 24.0% | 10.0% | 13.0% | 9.0% | 5.0% | 5.6% |
| Other Income | 0.00 | 0.00 | 0.00 | 2.99 | 5.99 | 5.69 |
| Interest | 0.00 | 0.00 | 0.00 | 0.99 | 0.99 | 1.36 |
| Depreciation | 0.00 | 0.00 | 0.00 | 0.99 | 3.99 | 4.27 |
| Profit before tax | 0.00 | 1.99 | 2.99 | 9.96 | 6.98 | 6.31 |
| Tax % | 28.0% | 12.9% | 31.0% | 23.0% | 34.0% | — |
| Exceptional items | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | — |
| Net Profit | 0.00 | 0.99 | 1.99 | 7.97 | 3.98 | 4.52 |
| EPS (Rs) | 0.00 | 0.07 | 0.10 | 0.38 | 0.21 | 0.21 |
| Dividend payout % | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | — |
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|
| Equity Capital | 0.70 | 17.02 | 18.01 | 19.04 |
| Reserves | 1.00 | 33.00 | 63.00 | 258 |
| Borrowings | 0.00 | 22.99 | 55.97 | 6.01 |
| Other Liabilities | 0.01 | 4.02 | 14.07 | 53.25 |
| Total Liabilities | 1.01 | 77.03 | 151 | 337 |
| Fixed Assets | 0.00 | 32.94 | 36.93 | 43.91 |
| CWIP | 0.00 | 8.98 | 42.89 | 58.87 |
| Investments | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Assets | 1.01 | 35.11 | 71.23 | 234 |
| Inventories | 0.00 | 7.01 | 7.01 | 44.07 |
| Trade receivables | 0.00 | 5.01 | 14.01 | 39.06 |
| Cash & equivalents | 1.01 | 9.01 | 1.01 | 56.05 |
| Total Assets | 1.01 | 77.03 | 151 | 337 |
| Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|
| Cash from operating activity | −13.99 | −14.99 | −44.03 |
| Cash from investing activity | −47.91 | −54.88 | −89.83 |
| Cash from financing activity | 69.87 | 60.88 | 139 |
| Net cash flow | 8.03 | −8.02 | 5.01 |
| Capex | 42.13 | 23.09 | 23.06 |
| Free cash flow | −56.17 | −38.09 | −67.23 |
| CFO / OP % | −860.0% | −493.0% | −533.0% |
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|
| Debtor days | 0 | 113 | 229 | 158 |
| Inventory days | 0 | 226 | 153 | 227 |
| Days payable | — | 90 | 176 | 103 |
| Cash conversion cycle | 0 | 248 | 204 | 280 |
| Working capital days | 67 | 459 | 859 | 578 |
| ROCE % | — | 4.0% | 3.0% | 5.0% |
For the Jun 2026 quarter, Mercury Ev-Tech reported sales of ₹33.44 Cr, up 47.9% year on year and net profit of ₹1.64 Cr, up 30.2% year on year. The operating margin was 9.8%.
Mercury Ev-Tech's sales for the year to Mar 2026 were ₹102 Cr; over the last twelve months they were ₹113 Cr.
Net profit for the year to Mar 2026 was ₹3.98 Cr, and ₹4.52 Cr over the last twelve months. Earnings per share over the same trailing period were ₹0.21.
Mercury Ev-Tech reported borrowings of ₹6.01 Cr at Mar 2025, against cash and equivalents of ₹56.05 Cr.
Cash from operations was −₹44.03 Cr in the year to Mar 2025; after capital spending, free cash flow was −₹67.23 Cr.