Mercury EV-Tech's Q2 FY 2026-27 Quarterly Results

Result Summary

• Mercury EV-Tech Ltd reported a 10.3% quarter-on-quarter (QoQ) decrease in its consolidated revenues for the quarter-ended Sep (Q2 FY 2026-27). On a year-on-year (YoY) basis, it witnessed a decline of 12.6%.
• Its expenses for the quarter were down by 12.0% QoQ and 13.3% YoY.
• The net profit decreased 21.8% QoQ and decreased 33.7% YoY.
• The earnings per share (EPS) of Mercury EV-Tech Ltd stood at 0.08 during Q2 FY 2026-27.

Financial Statments for Q2 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 an emerging company in the electric vehicle technology sector. While specific details regarding their main products or services are not provided in the financial data, companies in this sector typically focus on the development and manufacturing of electric vehicles, electric drivetrains, and related battery technologies. The industry has been experiencing rapid advancements and is characterized by a competitive landscape with both established automakers and new entrants vying for market share. Recent developments in the industry include increased focus on sustainability, government incentives for electric vehicle adoption, and advancements in battery technology. However, specific recent major developments related to Mercury EV-Tech Ltd are not available in the provided data.

## Revenue
In Q2FY27, Mercury EV-Tech Ltd reported a total income of ₹30.28 crores. This reflects a quarter-over-quarter decrease of 10.3% from Q1FY27, where the total income was ₹33.74 crores. Compared to the same quarter in the previous year (Q2FY26), where the total income was ₹34.64 crores, there is a year-over-year decline of 12.6%. These figures indicate a downward trend in revenue over both the quarterly and annual periods. The decline in total income could be attributed to various external and internal factors affecting the company's operations, which are not specified in the data provided.

## Profitability
The profit before tax for Mercury EV-Tech Ltd in Q2FY27 was ₹2.29 crores. This represents a significant quarter-over-quarter increase of 17.4% from ₹1.95 crores in Q1FY27. However, when compared to Q2FY26, which had a profit before tax of ₹2.35 crores, there is a slight year-over-year decline of 2.6%. The tax expense in Q2FY27 was ₹1.07 crores, showing a substantial increase of 174.4% from the previous quarter and 109.8% from the same quarter last year. Consequently, the profit after tax for Q2FY27 was ₹1.22 crores, representing a decrease of 21.8% from Q1FY27's ₹1.56 crores and a 33.7% decline from Q2FY26's ₹1.84 crores. The earnings per share in Q2FY27 was ₹0.08, down 11.1% both QoQ and YoY from ₹0.09.

## Operating Metrics
The total expenses reported by Mercury EV-Tech Ltd for Q2FY27 were ₹27.99 crores, a decrease of 12.0% from Q1FY27's ₹31.79 crores. Compared to Q2FY26, where total expenses were ₹32.29 crores, there is a year-over-year reduction of 13.3%. This reduction in expenses may be indicative of cost-saving measures or operational efficiencies, although specific reasons are not detailed in the data provided. The company’s operational efficiency is further reflected in the profit before tax despite reduced income, suggesting effective management of expenses. Specific operating ratios such as P/E ratio, debt-to-equity ratio, or current ratio are not provided in the data, and thus cannot be calculated.