Multibagger EV Stock Reports 574% Growth In Profits For Q4; Revenue Jumps 450%

Mercury EV-Tech Ltd reported wonderful financial results for the quarter and the year ending 31 March 2025, with revenue and profit growing tremendously. The company also marked a landmark achievement with the commissioning of a 3.2-gigawatt lithium-ion battery manufacturing plant in Vadodara at their campus.

In the March quarter of FY25, the company's net profit surged by 573.91 per cent to Rs 1.55 crore compared to Rs 0.23 crore in the same quarter the previous year. Revenue from operations also grew by 450.81 per cent to Rs 30.68 crore from Rs 5.57 crore. For the year, Mercury EV-Tech has reported a net profit of Rs 7.91 crore, which is an increase of 297.49 per cent compared to Rs 1.99 crore in FY24. Annual sales grew to Rs 89.64 crore, an increase of 307.08 per cent compared to Rs 22.02 crore in the previous financial year.

This year, Mercury EV-Tech held a 3.2 GW lithium-ion battery facility at its Vadodara site through its subsidiary PowerMetz Energy Pvt. As stated, the plant is designed to manufacture a wide range of battery chemistries, which comprise LFP, NMC, Sodium-Ion cells, and supercapacitor modules. A production line with fully robotic, high-throughput capabilities was ordered from a Chinese supplier. An Indian technical team was examining the setup on April 15, 2025. The plant is expected to have the equipment at the end of April and start pilot production by mid-May.

During the quarter, the company bought 25,00,000 equity shares, or 69.84% stake in DC2 Mercury Cars Private Limited, making it a subsidiary of the company. Reporting under Ind AS-108 is not relevant because the company operates in the renewable category, which includes solar and EVs.

1,44,25,666 equity shares of Rs. 1 each, fully paid up at a premium of Rs. 74/-per share, were allotted by the company during the year. The firm got 25% of the consideration for the 4,53,00,000 convertible equity warrants that were issued at a price of Rs. 75 each. When executing the conversion of convertible warrants, the warrant holder or holders are responsible for the remaining 75% of the warrant issue price.

Established in 1986, Mercury EV-Tech deals in the manufacturing and trading of electric vehicles and renewable energy products. The company's portfolio includes electric scooters, cars, buses, vintage and golf cars, as well as custom-designed EVs for hospitality, industrial, and recreational use. With its focus on green technology and sustainable solutions, the company has been expanding its presence in the Indian and international electric mobility markets.

Mercury EV-Tech's solid financial performance, combined with its strategic expansion into battery manufacturing, enhances its outlook and positions it as one of the primary contenders in India's clean energy and electric vehicle ecosystem.