Mercury Ev-Tech Ltd — Results, 22-05-2025: Result

Mercury EV-Tech Limited has announced a board meeting approving the financial results for the quarter and half-year ended March 31, 2025, with an unmodified auditor's opinion. Mr. Jayesh Raichandbhai Thakkar, currently Managing Director, has been appointed Chairman. The company finalized limits on related party transactions and shareholder approvals for certain revised limits. The standalone financials show revenue at Rs. 67.64 Cr, with a net profit of Rs. 6.39 Cr. Consolidated revenue came in at Rs. 89.64 Cr and net profit at Rs. 7.70 Cr. The company acquired a 69.84% stake in DC2 Mercury Cars Private Limited, now a subsidiary. Equity shares were issued at a premium, and convertible warrants were allotted. The business continues focusing on the EV and solar renewable segment, with ongoing capital expenditure and increased asset base.