Shares of Mercury Ev-Tech witnessed a significant surge during Monday's trading session, climbing nearly 14.71% to reach ₹42.31 per share. This impressive rally came immediately after the company disclosed plans to conduct its 39th Annual General Meeting scheduled for December 15, 2025.
AGM Details and Corporate Developments
In an official exchange filing, Mercury Ev-Tech confirmed that its 39th annual general meeting will take place on Monday, December 15, 2025, at 12:00 p.m. IST. The meeting will be held at the company's registered office located at Block No. 28, National Highway No.8, Manglege, Vadodara, Gujarat, 391243.
The AGM agenda includes several critical business matters that shareholders will vote upon. These encompass the adoption of audited financial results for the fiscal year ending March 31, 2025, and the re-appointment of director Darshankumar Jitendra Shah. Additionally, members will consider the appointment of Riya Vinodbhai Sharma as a non-executive independent director and the selection of SJV & Associates as the company's secretarial auditors. The board will also seek authorization to grant loans, advances, or securities.
Financial Performance and Expansion Strategy
Mercury Ev-Tech demonstrated robust financial health in its recent quarterly results. For the second quarter of FY26, the company reported a substantial 51% increase in net sales, reaching ₹34.01 crore compared to the previous quarter. Net profit showed healthy growth of 35% quarter-on-quarter, standing at ₹1.72 crore.
When examining year-on-year performance, Q2FY26 net profit increased by 15.7% to ₹1.84 crore from ₹1.59 crore in the same quarter last year. Revenue from operations witnessed an impressive 75% year-on-year jump to ₹34 crore during the September quarter.
The company's expansion strategy continues with the recent inauguration of a new showroom in Porbandar, Gujarat. This development, announced on November 18, aligns with Mercury Ev-Tech's broader business expansion plans aimed at strengthening market presence and customer outreach.
Long-term Wealth Creation Despite Short-term Volatility
While the stock has faced recent headwinds, declining over 33% in the last six months and 58% over the past year, its long-term performance tells a different story. Mercury Ev-Tech has delivered extraordinary returns to patient investors, surging an astonishing 6,367.69% over the last five years. This means the stock has multiplied investor wealth by more than 60 times during this period.
Established in 1986, Mercury Ev-Tech Ltd has positioned itself as a significant player in the electric vehicle manufacturing and trading sector. The company's diverse portfolio includes electric scooters, cars, buses, and specialized offerings such as electric vintage cars and golf carts. They also provide customized EV solutions for hospitality and industrial applications, showcasing their adaptability in the growing electric mobility market.
The combination of strong quarterly results, strategic expansion initiatives, and the upcoming AGM has reignited investor interest in this multibagger stock, demonstrating the dynamic nature of the electric vehicle sector in India's evolving automotive landscape.
