EV Stock with 29,500 Per cent Multibagger Returns; Company Reports 253 Per Cent Revenue Growth While Profit Soars 171 Per Cent in Q2FY25 – FIIs Bought 2,80,875 Share
The company’s shares have delivered a multibagger return of over 1,500 per cent in the past 2 years.
This Small-Cap EV company has announced its quarterly performance. The company is engaged in the manufacturing and trading of electric vehicles and other renewable energy products. The company specializes in the production and trade of electric vehicles, automotive parts, and accessories, as well as materials related to renewable energy. The company was incorporated in 1986.
Financial Performance
As per Quarterly Results, Mercury Ev-Tech Ltd in Sep 2024 reported a revenue of Rs 19.48 crore compared to Rs 5.52 crore representing a growth of around 253 per cent YoY. The company posted an operating profit of Rs 2.02 crore with a margin of around 10.37 per cent compared to Rs 0.62 crore with a margin of around 11.23 per cent. The company reported a net profit stood at Rs 1.60 crore for the period compared to a profit of Rs 0.59 crore same quarter last year representing a growth of 171 per cent YoY.
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Looking at the annual performance, the company generated a revenue of Rs 22.02 crore in FY24 compared to Rs 16.10 crore in FY23 representing a growth of around 36.77 per cent YoY. The operating profit for FY24 was Rs 2.92 crore compared to a profit of Rs 1.64 crore in FY23. The company reported a net profit of Rs 1.99 crore compared to a loss of Rs 1.39 crore.
Share Performance
At the start of Thursday’s trading session, Mercury Ev-Tech Ltd opened at Rs 104 per share, compared to Thursday’s closing price of Rs 101 per share on the BSE. Currently, the shares are trading at around Rs 100.55 per share on the BSE. The current market capitalization stands at Rs 1,765 crore. The company’s shares have delivered an impressive multibagger return of over 29,450 per cent in the past 5 years.
Disclaimer: The article is for informational purposes only and not investment advice.