Mercury EV-Tech reported a 47.9% YoY revenue increase to ₹33.38 crore for Q1FY27. EBITDA rose 38.1% YoY to ₹2.62 crore, but net profit decreased by 4.2% to ₹1.56 crore, affected by rising expenses. The stock declined 74% from its 2024 high.
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