MERCURY EV-TECH announced Financial Results Q1 2024-25

The comprehensive analytics outlining the performance and outlook of MERCURY EV-TECH LIMITED‘s stock. This analysis encompasses various metrics including stock performance, investor sentiment, market trends, future outlook, risk factors, investment opportunities, long-term strategy, dividend policy, analyst insights, and the overall risk-reward profile. These insights aim to provide investors with a holistic understanding of the company”s stock, enabling informed decision-making and strategic investment planning.

Today, we’re looking at MERCURY EV-TECH LIMITED’s financial performance for the Q1(Jun 2024).Starting with the top line, the company reported a significant year-over-year sales decline of -46.54 %. However, it did see a marginal slip of -30.46 % from the previous quarter. Expenses decreased slightly by -41.45 % quarter-on-quarter, aligning with the annual decline of -52.47 %. Operating profit, while down -8.16 % compared to last year, faced a quarter-on-quarter increase of 87.5 %, signaling a short-term expansion in margins.
The Operating Profit Margin (OPM) % echoes this narrative, showing resilience on an annual basis with an increase of 9.71 %, but an expansion of 14.62 % sequentially. Other income rose by 200 % compared to the last quarter, despite an annual decline of -66.67 %. Interest expenses surged remarkably by 40 % from the previous quarter, yet the year-over-year increase remains at a moderate 600 %. Depreciation costs climbed by 112.5 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 183.33 %. Profit before tax declined annually by -27.47 % but saw an increase from the preceding quarter by 88.57 %.
Tax expenses as a percentage of profits increased slightly by 7.39 % compared to last year, with a more notable quarter-on-quarter decrease of -6.42 %. Net profit fell by -34.67 % year-on-year but experienced a 113.04 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -25 % but a quarterly rise of 200 %. In summary, MERCURY EV-TECH LIMITED’s annual performance indicates steady growth, although the quarter-on-quarter figures suggest some areas may require strategic attention.

In reviewing MERCURY EV-TECH LIMITED’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -46.54 % year-on-year, although there was a slight dip of -30.46 % from the previous quarter. Expenses decreased by -52.47 % compared to the previous year, with a decrease of -41.45 % quarter-on-quarter. Operating Profit dropped by -8.16 % annually, and saw a 87.5 % increase from the last quarter.
Net Profit showed yearly decrease of -34.67 %, and experienced a 113.04 % increase from the previous quarter. Earnings Per Share (EPS) fell by -25 % annually, however rose by 200 % compared to the last quarter. In essence, while MERCURY EV-TECH LIMITED faces strong annual decline indicators, short-term improvements suggest the potential for recovery and the importance of strategic adjustments to counter market challenges effectively. That’s all for now in the financial sector.