Mercury Ev-Tech Ltd — Updates, 23-05-2025: Company Update

Mercury EV Tech has announced a board meeting on the financial results for the quarter and half-year. The company, a leading integrated EV solutions provider, reported a 451% jump in quarterly revenue to INR 306.82 Mn, driven by strong market demand. EBITDA grew 431% to INR 20 Mn with a margin of 5.96%, while PAT surged 470% to INR 13.35 Mn with a margin of 3.98%. For the full year, revenue rose 307% to INR 896.36 Mn, EBITDA increased 239% to INR 115.68 Mn (12.43% margin), and PAT climbed 286% to INR 76.97 Mn (8.27% margin). Expansion includes a 3.2 GW lithium-ion battery plant, highlighting its role in India’s EV and battery energy storage growth.