Mercury EV-Tech Reports Strong Q2 Results, Net Sales Increase by 602.6%
Mercury EV-Tech, a smallcap company in the trading industry, has recently announced its financial results for the quarter ending September 2024. The company's stock has been given a 'Hold' call by MarketsMOJO.According to the financial report, Mercury EV-Tech has shown a very positive performance in the second quarter of the fiscal year 2024-25. The company's score has improved from -6 to 23 in the last three months.
One of the key factors contributing to this positive performance is the significant growth in net sales. The company's net sales for the quarter were Rs 19.48 crore, which is a 602.6% increase compared to the average net sales of the previous four quarters. This indicates a very positive trend in the company's sales.
Similarly, the company's profit before tax less other income (PBT) has also shown a significant growth of 223.4% compared to the average PBT of the previous four quarters. The same trend is seen in the company's profit after tax (PAT), which has grown by 247.8% compared to the average PAT of the previous four quarters.
In addition, Mercury EV-Tech has also achieved its highest net sales, operating profit, PBT, and PAT in the last five quarters. This further reinforces the positive trend in the company's financial performance.
Overall, the financial results for the quarter ending September 2024 show a very positive trend for Mercury EV-Tech. Investors are advised to hold onto their stocks as the company's performance is expected to continue on this upward trajectory.
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