Mercury EV-Tech's Q1 FY 2026-27 Quarterly Results

Result Summary

• Mercury EV-Tech Ltd reported a 35.4% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter-ended Jun (Q1 FY 2026-27). On a year-on-year (YoY) basis, it witnessed a growth of 46.3%.
• Its expenses for the quarter were up by 32.1% QoQ and 52.3% YoY.
• The net profit increased 817.6% QoQ and decreased 4.3% YoY.
• The earnings per share (EPS) of Mercury EV-Tech Ltd stood at 0.09 during Q1 FY 2026-27.

Financial Statments for Q1 FY 2026-27

Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results

Company Overview

Mercury EV-Tech Ltd is a company that operates in the electric vehicle technology sector. The company is known for producing and providing services related to electric vehicles and their associated technologies. This includes components such as batteries, electric motors, and other hardware essential for the operation of electric vehicles. As of the latest data available, Mercury EV-Tech Ltd has been focusing on enhancing its product offerings to include more efficient energy solutions and advanced technology integrations. However, specific recent developments within the company have not been detailed in the provided information.

Revenue

In the first quarter of fiscal year 2027 (Q1FY27), Mercury EV-Tech Ltd reported a total income of ₹33.74 crores. This represents a significant increase compared to the previous quarter (Q4FY26), where the total income was ₹24.92 crores, marking a quarter-over-quarter (QoQ) growth of 35.4%. On a year-over-year (YoY) basis, the company experienced a 46.3% increase in total income compared to the first quarter of fiscal year 2026 (Q1FY26), where the total income was ₹23.07 crores. These figures suggest a strong upward trend in revenue generation for the company over the specified periods.

Profitability

During Q1FY27, Mercury EV-Tech Ltd achieved a profit before tax (PBT) of ₹1.95 crores, which reflects a significant improvement of 129.4% on a QoQ basis from ₹0.85 crores in Q4FY26. However, when compared to the same period in the previous year (Q1FY26), where the PBT was ₹2.19 crores, there is an observed YoY decrease of 11.0%. The profit after tax (PAT) for Q1FY27 was ₹1.56 crores, showing a substantial increase of 817.6% from ₹0.17 crores in Q4FY26, although it is slightly lower by 4.3% from ₹1.63 crores in Q1FY26. This indicates considerable fluctuations in the company's profitability over these periods.

Operating Metrics

The total expenses for Mercury EV-Tech Ltd in Q1FY27 were ₹31.79 crores, indicating a 32.1% increase from the previous quarter's expenses of ₹24.07 crores, and a 52.3% rise from ₹20.88 crores in Q1FY26. The tax expense for Q1FY27 was ₹0.39 crores, which is a reduction of 42.6% QoQ from ₹0.68 crores in Q4FY26 and a 30.4% decrease YoY from ₹0.56 crores in Q1FY26. The earnings per share (EPS) for Q1FY27 stood at ₹0.09, compared to ₹0.00 in Q4FY26, showing significant improvement. Compared to Q1FY26, where the EPS was ₹0.07, there is a YoY increase of 28.6%. These metrics provide insights into the company's operational efficiency and shareholder value over the reporting periods.