Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of Mercury EV-Tech
Quarter-by-quarter operating performance
| Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 4.30 | 6.99 | 7.25 | 5.52 | 4.58 | 5.57 | 3.87 | 19.48 | 35.60 | 30.68 | 22.57 | 34.01 | 25.29 |
| Expenses + | 2.90 | 6.86 | 6.27 | 4.90 | 3.61 | 5.19 | 2.97 | 17.46 | 29.53 | 31.55 | 20.45 | 31.00 | 22.91 |
| Operating Profit | 1.40 | 0.13 | 0.98 | 0.62 | 0.97 | 0.38 | 0.90 | 2.02 | 6.07 | -0.87 | 2.12 | 3.01 | 2.38 |
| OPM % | 32.56% | 1.86% | 13.52% | 11.23% | 21.18% | 6.82% | 23.26% | 10.37% | 17.05% | -2.84% | 9.39% | 8.85% | 9.41% |
| Other Income + | 0.00 | 0.05 | 0.00 | 0.50 | 0.00 | 0.00 | 0.00 | 0.40 | 0.18 | 2.87 | 0.50 | 0.64 | 0.02 |
| Interest | 0.01 | 0.01 | 0.01 | 0.14 | 0.12 | -0.05 | 0.07 | 0.08 | 0.31 | 0.41 | 0.13 | 0.08 | 0.20 |
| Depreciation | 0.01 | 0.05 | 0.06 | 0.08 | 0.12 | 0.08 | 0.17 | 0.21 | 0.16 | 0.22 | 0.30 | 1.22 | 1.00 |
| Profit before tax | 1.38 | 0.12 | 0.91 | 0.90 | 0.73 | 0.35 | 0.66 | 2.13 | 5.78 | 1.37 | 2.19 | 2.35 | 1.20 |
| Tax % | 26.09% | -141.67% | 18.68% | 34.44% | 27.40% | 31.43% | 25.76% | 24.88% | 25.95% | 2.92% | 25.57% | 21.70% | 37.50% |
| Net Profit + | 1.02 | 0.30 | 0.75 | 0.59 | 0.53 | 0.23 | 0.49 | 1.60 | 4.28 | 1.55 | 1.27 | 1.72 | 0.89 |
| EPS in Rs | 0.06 | 0.02 | 0.04 | 0.04 | 0.03 | 0.01 | 0.03 | 0.09 | 0.23 | 0.08 | 0.07 | 0.09 | 0.05 |
Financials of Mercury EV-Tech
Annual income statement trend
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|
| Sales + | 1 | 16 | 22 | 89 | 113 |
| Expenses + | 1 | 14 | 19 | 81 | 106 |
| Operating Profit | 0 | 2 | 3 | 8 | 7 |
| OPM % | 24% | 10% | 13% | 9% | 6% |
| Other Income + | 0 | 0 | 0 | 3 | 4 |
| Interest | 0 | 0 | 0 | 1 | 1 |
| Depreciation | 0 | 0 | 0 | 1 | 3 |
| Profit before tax | 0 | 2 | 3 | 10 | 7 |
| Tax % | 28% | 13% | 31% | 23% | |
| Net Profit + | 0 | 1 | 2 | 8 | 5 |
| EPS in Rs | 0.01 | 0.08 | 0.11 | 0.39 | 0.29 |
| Dividend Payout % | 0% | 0% | 0% | 0% |
Financials of Mercury EV-Tech
Capital structure and asset base
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|
| Equity Capital | 0.70 | 17 | 18 | 19 | 19 |
| Reserves | 1 | 33 | 63 | 258 | 261 |
| Borrowings + | 0 | 23 | 56 | 6 | 7 |
| Other Liabilities + | 0 | 4 | 14 | 53 | 70 |
| Total Liabilities | 1 | 77 | 151 | 336 | 358 |
| Fixed Assets + | 0 | 33 | 37 | 44 | 92 |
| CWIP | 0 | 9 | 43 | 59 | 28 |
| Investments | 0 | 0 | 0 | 0 | 0 |
| Other Assets + | 1 | 35 | 71 | 233 | 238 |
| Total Assets | 1 | 77 | 151 | 336 | 358 |
Financials of Mercury EV-Tech
Operating, investing and financing cash movement
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|
| Cash from Operating Activity + | -0 | -14 | -15 | -44 |
| Cash from Investing Activity + | 0 | -48 | -55 | -90 |
| Cash from Financing Activity + | 0 | 70 | 61 | 139 |
| Net Cash Flow | -0 | 8 | -8 | 5 |
| Free Cash Flow | -0 | -56 | -38 | -67 |
| CFO/OP | -129% | -860% | -493% | -533% |
Financials of Mercury EV-Tech
Working capital efficiency and return ratios
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|
| Debtor Days | 0 | 112 | 228 | 157 |
| Inventory Days | 0 | 227 | 154 | 228 |
| Days Payable | 91 | 177 | 104 | |
| Cash Conversion Cycle | 0 | 249 | 205 | 281 |
| Working Capital Days | 68 | 460 | 860 | 579 |
| ROCE % | 4% | 3% | 5% |
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