# Mercury EV-Tech Q1 revenue up 48%, net profit dips 4%

2026-08-13T18:06:25+00:00 | Business & Economy | Indian Opinion Desk

Corroboration: 1 independent outlet

Mercury EV-Tech logged a 47.9% year-on-year rise in revenue from operations to Rs 33.38 crore for the June quarter. EBITDA grew 38.1% to Rs 2.62 crore, but net profit slipped 4.2% to Rs 1.56 crore as operating expenses jumped to Rs 31.79 crore from Rs 20.88 crore a year ago. The small-cap stock, which surged nearly 4,900% between April 2022 and December 2023, has fallen 74% from its September 2024 peak of Rs 140 to around Rs 34. Livemint reports that five-year returns still stand at an impressive 1,775%.

## Coverage

- livemint.com <https://www.livemint.com/market/stock-market-news/multibagger-mercury-ev-tech-stock-to-be-in-focus-on-friday-after-june-quarter-results-11786637575044.html>

Tags: electric vehicles, Mercury EV-Tech, multibagger, Q1 results, small-cap, stock market
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