Mercury Ev-Tech531357Quarterly results
Board approves Q2 and H1 FY27 results; auditors' limited review finds no material misstatement
Board met Saturday, October 31, 2026, 18.00 p.m. to 21.00 p.m.
By ScoutQuest · · 3 min read
| Line item | Latest | Year ago | YoY | Prev qtr | QoQ |
|---|---|---|---|---|---|
| Revenue from operations | 3,009.39 | 3,400.66 | −11.5% | 3,338.41 | −9.9% |
| Total income | 3,027.88 | 3,464.23 | −12.6% | 3,374.02 | −10.3% |
| Profit before tax | 228.62 | 234.94 | −2.7% | 194.89 | +17.3% |
| Profit after tax | 121.61 | 184.23 | −34% | 155.83 | −22% |
| Total comprehensive income | 121.61 | 184.23 | −34% | 155.83 | −22% |
| Basic EPS | 0.082 | 0.091 | −9.9% | 0.087 | −5.7% |
- Total income - Latest / Year ago
- 3,027.88 vs 3,464.23 (−12.6%)
- Profit after tax - Latest / Year ago
- 121.61 vs 184.23 (−34%)
- Profit after tax - Latest / Prev qtr
- 121.61 vs 155.83 (−22%)
- Period
- QUARTER ENDED September 30, 2026
Auditor's review
Conclusion: Unmodified
- Results of three subsidiaries (Powermetz Energy, Traclaxx Tractors, DC2 Mercury Cars) consolidated based on non-audited financial statements provided.
- Other matter: three subsidiaries not reviewed by their auditors, reflecting total revenues of Rs. 1900.74 Lakhs, PBT Rs. 3.63 Lakhs, total assets Rs. 9768.57 Lakhs for the half year; conclusion not modified.
Notes to the results
- Haitek Automotive Private Limited ceased to be a subsidiary w.e.f. 1st July 2026; effect of deconsolidation shown under investing activities.
- Basic and Diluted EPS calculated with total equity shares of 18,99,73,058 held as on 30.09.2026.
What was decided
The board of Mercury Ev-Tech Ltd met on Saturday, October 31, 2026, commencing at 18.00 p.m. and concluding at 21.00 p.m. The item considered and approved was the Un-Audited Standalone and Consolidated Financial Results for the quarter and half-year ended September 30, 2026. The statutory auditors, Tejas K. Soni & Company, issued Limited Review Reports on both sets of results.
Auditors' conclusion
- For both the standalone and consolidated statements, the auditors state that nothing has come to their attention that causes them to believe the statements contain any material misstatement or fail to disclose what the listing regulations require.
- This is a review conclusion based on limited procedures, not an audit opinion.
Point highlighted in the consolidated review
- The consolidated results include three subsidiaries: Powermetz Energy Private Limited, Traclaxx Tractors Private Limited and DC2 Mercury Cars Private Limited, all incorporated in India.
- Their interim financial information was not reviewed by their auditors and was furnished by the holding company's management.
- That information reflects total revenues of Rs. 1900.74 Lakhs, total net profit/(loss) before tax of Rs. 3.63 Lakhs and Total Assets of Rs. 9768.57 Lakhs for the half year ended September 30, 2026.
- The auditors' conclusion is not modified in respect of this matter.
Standalone numbers (Rs. in lakhs)
- 'Revenue from operations' for the quarter ended September 30, 2026: 2,413.47, against 1,549.01 in the quarter ended September 30, 2025 and 2,066.83 in the quarter ended June 30, 2026.
- 'Total Revenue' for the quarter: 2,433.08; 'Total Expenses' 2,183.40.
- 'Net Profit / (Loss) for the period' for the quarter: 165.71, against 115.12 a year earlier.
- 'Net Profit / (Loss) for the period' for the half year: 309.82, against 150.85 in the half year ended September 30, 2025.
- Earnings per share for the quarter (basic and diluted): 0.087.
Consolidated numbers (Rs. in lakhs)
- 'Revenue from operations' for the quarter: 3,009.39, against 3,464.23 in the quarter ended September 30, 2025.
- 'Total Revenue' for the quarter: 3,027.88; 'Total Expenses' 2,799.26.
- 'Net Profit / (Loss) for the period' for the quarter: 121.61; profit attributable to owners of the parent 155.75.
- 'Revenue from operations' for the half year: 6,347.79; 'Net Profit / (Loss) for the period' 277.43.
- Earnings per share for the quarter (basic and diluted): 0.082.
Balance sheet and cash flow (standalone, Rs. in lakhs)
- Total assets 32,990.23 as at September 30, 2026, against 32,188.32 as at March 31, 2026.
- Total equity 28,588.06, against 28,278.21.
- Current borrowings 3,051.48, against 1,785 as at March 31, 2026.
- Net cash used in operating activities for the half year: (760.48); net cash used in investing activities (737.59); net cash from financing activities 1,163.33; cash and cash equivalents at the end of the period 59.83.
- Number of equity shares used for EPS: 18,99,73,058.
What this update is
It is the company's quarterly update: it confirms the board approved the results and the auditors completed their limited review, and it sets out the revenue, profit, balance-sheet and cash-flow figures above, along with the specific note that part of the consolidated numbers comes from subsidiaries whose accounts were not reviewed by their auditors.
3,338.41 (Rs. In Lakhs)Revenue from operations, quarter
Total income, latest quarter3,027.88 (Rs. In Lakhs)
Total comprehensive income, year-ago quarter184.23 (Rs. In Lakhs)
Total comprehensive income, latest quarter121.61 (Rs. In Lakhs)
₹309.82 lakh
Q2 FY27₹165.71 lakhH1 FY27₹309.82 lakh
Also from Mercury Ev-Tech
Board meeting on 31 October 2026 to approve September quarter and half-year results
19 Oct 2026
Board accepts Non-Executive Director's resignation, effective October 05, 2026
5 Oct 2026
Board Meeting Outcome: Additional Director Appointed, Non-Executive Director's Resignation Accepted
5 Oct 2026
More numbers
- Standalone Revenue from operations, Q2 FY27 (Rs. in lakhs)2,413.47
- Standalone Net Profit for the period, Q2 FY27 (Rs. in lakhs)165.71
- Standalone Net Profit for the period, H1 FY27 (Rs. in lakhs)309.82
- Consolidated Revenue from operations, H1 FY27 (Rs. in lakhs)6,347.79
- Subsidiaries' total revenues, unreviewed, H1 FY27Rs. 1900.74 Lakhs
- Equity shares used for EPS as on 30.09.202618,99,73,058
- Total income, latest quarter3,027.88 (Rs. In Lakhs)
- Total income, year-ago quarter3,464.23 (Rs. In Lakhs)
- Total income, previous quarter3,374.02 (Rs. In Lakhs)
- Total comprehensive income, latest quarter121.61 (Rs. In Lakhs)
- Total comprehensive income, year-ago quarter184.23 (Rs. In Lakhs)
- Total comprehensive income, previous quarter155.83 (Rs. In Lakhs)
- Profit after tax, latest quarter121.61 (Rs. In Lakhs)
- Profit after tax, year-ago quarter184.23 (Rs. In Lakhs)
- Profit after tax, previous quarter155.83 (Rs. In Lakhs)
- Revenue from operations, latest quarter3,009.39 (Rs. In Lakhs)
- Revenue from operations, year-ago quarter3,400.66 (Rs. In Lakhs)
- Revenue from operations, previous quarter3,338.41 (Rs. In Lakhs)
- Profit before tax, latest quarter228.62 (Rs. In Lakhs)
- Profit before tax, year-ago quarter234.94 (Rs. In Lakhs)
- Profit before tax, previous quarter194.89 (Rs. In Lakhs)
Source: BSE · 31 Oct 2026
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