Mercury EV-Tech Limited has released its audited standalone and consolidated financial results for the fourth quarter and full year ending March 31, 2026. The company reported consolidated net profit of ₹4.39 crore for the fiscal year. A key disclosure notes that consolidated results include unaudited financials for four subsidiaries.
Consolidated Revenue: ₹102.07 crore Consolidated Net Profit: ₹4.39 crore Reader Takeaway: Audited results show growth, but unaudited subsidiary data raises visibility concerns. ## What just happened Mercury EV-Tech Limited has announced its audited standalone and consolidated financial results for the fourth quarter and the full fiscal year ending March 31, 2026. The company's standalone revenue for the year stood at ₹45.27 crore, with a net profit of ₹2.83 crore. On a consolidated basis, the company reported revenue of ₹102.07 crore and a net profit of ₹4.39 crore for the fiscal year. ## Why this matters These audited results provide shareholders with a clear picture of the company's financial performance for the fiscal year. The consolidation of financial data offers a broader view of the group's overall operations. However, a significant point of attention for investors is the auditor's note regarding the inclusion of unaudited financial statements from four subsidiaries within the consolidated figures. ## The backstory The company has also completed the amalgamation of its wholly-owned subsidiary, EV Nest Private Limited, into Mercury EV-Tech Limited. This merger, effective from April 1, 2023, as per the NCLT Ahmedabad Bench order on September 18, 2025, simplifies the corporate structure. ## What changes now With the audited results now filed, the company's financial performance for FY26 is officially reported. The merger completion means EV Nest's operations are now fully integrated into Mercury EV-Tech, potentially streamlining operations and reporting going forward. ## Risks to watch The primary point of concern for investors is the reliance on unaudited financial statements for four subsidiaries—Powermetz Energy Private Limited, Traclaxx Tractors Private Limited, DC2 Mercury Cars Private Limited, and Haitek Automotive Private Limited—within the consolidated results. These subsidiaries contributed ₹92.50 crore in assets and ₹57.63 crore in revenue for FY26, meaning a significant portion of the reported consolidated figures has not undergone external audit. ## Peer comparison (No peer comparison data available in the filing.) ## Context metrics (time-bound) For the year ended March 31, 2026: * Standalone Revenue: ₹45.27 crore * Standalone Net Profit: ₹2.83 crore * Consolidated Revenue: ₹102.07 crore * Consolidated Net Profit: ₹4.39 crore ## What to track next Investors should closely monitor future filings for updates on the financial performance and audits of the subsidiaries. Understanding the eventual audited performance of these entities will be key to a complete assessment of the group's financial health.
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