Mercury EV-Tech Reports FY26 Audited Results, Completes Subsidiary Merger

Mercury EV-Tech reported consolidated net profit of ₹4.39 crore for the financial year ended March 31, 2026, on consolidated revenue of ₹102.07 crore. The company also announced the completion of its amalgamation with EV Nest Private Limited.

Reader Takeaway: Positive audit opinion on FY26 results but note of unaudited subsidiary financials.

What just happened

Mercury EV-Tech Limited has published its audited financial results for the fiscal year ending March 31, 2026. The company posted a standalone revenue of ₹45.37 crore and a standalone net profit of ₹2.83 crore. On a consolidated basis, the revenue stood at ₹102.07 crore, with a net profit of ₹4.39 crore. The statutory auditors have provided an unmodified opinion on these results.

Why this matters

The audited financial results provide shareholders with a clear picture of the company's performance for FY26. The unmodified audit opinion indicates that the financial statements are presented fairly. The completion of the amalgamation of EV Nest Private Limited streamlines the corporate structure.

The backstory

Mercury EV-Tech Limited is involved in the renewable energy and electric vehicle sector. The company's subsidiaries include Powermetz Energy, Traclaxx Tractors, DC2 Mercury Cars, and Haitek Automotive. The amalgamation of EV Nest Private Limited, a wholly-owned subsidiary, was sanctioned by the National Company Law Tribunal (NCLT) Ahmedabad Bench on September 18, 2025, with an appointed date of April 1, 2023.

What changes now

The amalgamation of EV Nest Private Limited is now reflected in the company's consolidated financial statements. This merger is expected to simplify the group's structure and potentially enhance operational efficiencies.

Risks to watch

A key point for investors to note is the auditor's remark regarding the unaudited financials of four subsidiaries: Powermetz Energy, Traclaxx Tractors, DC2 Mercury Cars, and Haitek Automotive. This impacts the basis for the consolidated audit and warrants attention in future reporting.

Peer comparison

(No specific peer comparison data is available in the filing.)

Context metrics (time-bound)

• Standalone Revenue FY26: ₹45.37 crore
• Standalone Net Profit FY26: ₹2.83 crore
• Consolidated Revenue FY26: ₹102.07 crore
• Consolidated Net Profit FY26: ₹4.39 crore
• Basic EPS (Standalone) FY26: ₹0.149

What to track next

Investors should monitor the company's progress in addressing the unaudited financials of its subsidiaries. Future financial reports will indicate if these subsidiaries' financials become audited. Tracking the performance of the merged entity and its contribution to overall group results will also be important.