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Mercury EV-Tech Ltd Q1FY24; 7300% rise in Profits

Company is into manufacturing of Electric Vehicles for a wide range of applications for the hospitality, industry, golf courses, Club and Resorts etc.

Financial Results:

Mercury EV-Tech Ltd reported Revenues for Q1FY24 of ₹6.35 Crores up from ₹1.70 Crore year on year, a rise of 273.53%.

Total Expenses for Q1FY24 of ₹5.44 Crores up from ₹1.68 Crores year on year, a rise of 223.81%.

Consolidated Net Profit of ₹0.74 Crores up 7300.0% from ₹0.01 Crores in the same quarter of the previous year.

The Earnings per Share is ₹0.04, from ₹0.00 in the same quarter of the previous year.

*It is important to note that the way the results have been accounted for are slightly different than the ones the companies may choose to publish.

*The presented data is automatically generated. It may occasionally generate incorrect information.

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