Net Profit Rockets 235% in Q1FY26: Gujarat-based multibagger EV-stock under Rs 60 jumps 29% in 4 trading sessions; Do you own it?
DSIJ Intelligence-1Categories: Multibaggers, Penny Stocks, Trending
In June 2025, the President of India made a fresh entry and bought 21,000 shares or a 0.01 per cent stake.
On Thursday, shares of Mercury EV-Tech Ltd jumped 13.9 per cent to Rs 59.40 per share from its previous closing of Rs 52.16 per share. The stock’s 52-week high is Rs 139.20 per share and its 52-week low is Rs 45 per share. The stock is up by 32 per cent from its 52-week low of Rs 45 per share and last 4 trading sessions, the stock is up by 29 per cent. The shares of the company saw a spurt in volume by more than 2 times on the BSE.
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The Indian government is reportedly considering a major GST reform that could lower the tax rate on most two-wheelers from 28 per cent (31 per cent for those over 350cc) to 18 per cent. This "next-generation GST reform" aims to simplify the tax structure into two main slabs (5 per cent and 18 per cent), potentially making petrol-powered two-wheelers more affordable for the mass market and boosting sales ahead of Diwali, even though electric two-wheelers already have a 5 per cent GST rate
About the Company
Mercury EV Tech has inaugurated a new EV showroom in Bhavnagar, near Jashonath Circle, positioning it as a key centre for "Make in India" electric vehicles. The opening, attended by political dignitaries and company executives, highlighted the environmental and economic advantages of EVs. Chairman Shri Jayesh Thakkar underscored the showroom's role in advancing a self-reliant and pollution-free India, with plans to offer a diverse range of electric vehicles from two-wheelers to tempos, thereby fostering an EV-driven Bhavnagar.
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Mercury EV Tech offers end-to-end EV solutions, including in-house manufacturing of batteries, chassis, and motor controllers, supported by a CED coating plant. The company is developing one of India's largest Lithium-Ion battery manufacturing facilities in Vadodara (3.2 GW capacity) for EV and BESS applications, with pilot production expected soon. With R&D centres and in-house manufacturing, Mercury EV Tech is poised to capitalise on India's growing EV and BESS markets. They recently inaugurated a new showroom in Dahod, attended by company officials and local dignitaries.
According to Quarterly Results, the net sales increased by 482 per cent to Rs 22.57 crore and net profit increased by 235 per cent to Rs 1.63 crore in Q1FY26 compared to Q1FY25. In its annual results, the net sales increased by 307 per cent to Rs 89.64 crore and the net profit increased by 286 per cent to Rs 7.70 crore in FY25 compared to FY24.
The company has a market cap of over Rs 1,000 crore. In June 2025, the President of India made a fresh entry and bought 21,000 shares or a 0.01 per cent stake. The stock gave multibagger returns of 1,040 per cent in 3 years and a whopping 9,500 per cent in 5 years.
Disclaimer: The article is for informational purposes only and not investment advice.