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Mercury EV-Tech Ltd consolidated sales down 9.86% on year in Q3FY2026, net profit witnessed a sharp fall of 21.79%

(31-Oct-26   23:41)

Mercury EV-Tech Ltd share price slipped 3.70% to Rs 32.02 after the company's net profit plunged by 21.79% to Rs 1.22 crore, while revenue from operations slipped slightly 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 12.08 lakh crore, slipping 0.86%. It has improved by 1.06% over last one week and crashed 17.46% in last one month while the market capitalization of Mercury EV-Tech Ltd has marginally improved by 1.27% and 8.70% 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 rallying 17.44% quarter-on-quarter. EBITDA came in at Rs 6 crore, surging by 160.50% YoY and jumping 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, dropping by 15.46% YoY, while employee benefits expense was at Rs 2.57 crore, dipping slightly 3.38% YoY.

For the TTM ended FY26, revenue from operations grew 13.87% to Rs 102.07 crore, while net profit tanked by 42.99% to Rs 4.39 crore, compared to previous TTM. EBITDA surged by 655% to Rs 0.6 crore, and PBT collapsed 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 tumbled by 23.69% in last one year, underperforming the benchmark BSE Sensex which has reduced by 11.78% during the same period.