Mercury EV-Tech Ltd Posts Spectacular Q3FY25 and 9MFY25 Results

Mumbai (Maharashtra) [India], February 13: Mercury EV-Tech Ltd, a rising force in India’s electric vehicle manufacturing landscape, has announced blockbuster financial results for the third quarter and first nine months of FY25, alongside a strategic regulatory breakthrough that paves the way for new product segments. The company, with a market capitalization exceeding Rs 1,300 crore, is demonstrating explosive growth, underscored by a profit increase of over 700% in the recent quarter.

The financial performance reveals a company in hyper-growth mode. For Q3FY25, Mercury EV-Tech reported net sales of Rs 35.60 crore, a staggering 677 per cent increase from the same period last year. This sales momentum translated directly to the bottom line, with net profit soaring 708 per cent year-on-year to Rs 4.28 crore. The strength of this performance is further validated by the nine-month (9MFY25) figures, where net sales climbed 240 per cent to Rs 58.95 crore and net profit rose 241 per cent to Rs 6.37 crore compared to 9MFY24.

Beyond the financial headlines, the company has achieved a critical manufacturing milestone. Mercury EV-Tech has received formal approval from the National Automotive Test Tracks (NATRAX) to produce two distinct special-purpose battery-operated vehicles. The approved models include the ‘KALA GHODA CLEAN' (L5N category) and the ‘LIMOSA' (L5M category). These vehicles, featuring unbreakable body construction for enhanced durability, are fully manufactured in India, aligning with the nation’s “Make in India” initiative and making them eligible for anticipated government subsidy schemes. This certification unlocks significant new revenue streams in the utility and compact urban mobility segments and strengthens the company’s long-term market positioning.

This period of robust growth and product expansion has captured significant investor confidence. As of December 2024, Foreign Institutional Investors (FIIs) increased their stake in Mercury EV-Tech to 1.69 per cent, purchasing over 29.4 lakh shares in the quarter. The stock’s performance has been remarkable, delivering multibagger returns of 300 per cent over two years, 8,500 per cent over three years, and an extraordinary 21,000 per cent over the past five years, drawing increased attention to this small-cap contender.

The company’s forward momentum was also on display at the prestigious Bharat Mobility Global Expo 2025 in New Delhi, where its subsidiary, DC2 Mercury Cars Private Limited, showcased its innovative product portfolio. As Mercury EV-Tech continues to capitalize on India’s electric mobility transition with strong financials, regulatory wins, and investor backing, the market is keenly watching its next phase of expansion.

Disclaimer: This article is for informational purposes only and does not constitute financial advice.

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