Mercury Ev-Tech Q2 FY27 Financial Results and Divestment Update

Standalone revenue of Rs 24.13 crore and consolidated revenue of Rs 30.09 crore reported for the quarter ended September 30, 2026.

Reader Takeaway: Standalone growth shows steady operational health, but the divestment of Haitek Automotive will shift the group's consolidated structure.

What just happened

Mercury Ev-Tech released its financial results for the quarter ended September 30, 2026. On a standalone basis, the company posted a revenue of Rs 24.13 crore and a net profit of Rs 1.66 crore. Consolidated results showed revenue at Rs 30.09 crore with a net profit of Rs 1.22 crore. The company also formalized the sale of its 70% stake in Haitek Automotive Private Limited, which has now ceased to be a subsidiary.

Why this matters

The divestment of Haitek Automotive, effective July 1, 2026, marks a strategic pivot for the company. Shareholders should note that consolidated figures now reflect the operations without this subsidiary, which directly impacts the comparison with previous quarters where Haitek’s performance was included.

The backstory

The Board approved the divestment on October 31, 2026. The company divested its entire holding of 3,50,000 equity shares in the automotive unit to streamline its corporate structure. Statutory auditor Tejas K. Soni & Company reviewed the financials and provided a clean report, noting no material misstatements.

Context metrics

Standalone performance showed improvement over the previous quarter, with revenue rising from Rs 20.67 crore to Rs 24.13 crore. Conversely, consolidated performance reflected the divestment impact, with revenue moving to Rs 30.09 crore from the prior quarter's Rs 33.38 crore.

What to track next

Investors should monitor future quarterly filings to assess whether the standalone growth trajectory can compensate for the loss of consolidated revenue following the divestment. Operating margins in the upcoming quarters will provide a clearer picture of the company's core efficiency.