Mercury EV-Tech's consolidated net profit rises - Check details

Mercury EV-Tech has announced its fiscal results for the July-September 4th of FY25. According to the speech filing, the company's nett net accrued 171.19 per cent to astir Rs 1.60 crore successful the September 2024 4th from astir Rs 0.59 crore successful the September 2023 quarter. 

The company's income accrued 252.90 per cent to Rs 19.48 crore successful the 4th that ended successful September 2024 against Rs 5.52 crore successful the year-ago quarter, which concluded successful September 2023.

Earlier, the institution informed exchanges that its committee has approved the connection to get a 70 per cent involvement successful Haitek Automotive Private Limited. As portion of this acquisition, the institution volition get 3,50,000 equity shares of Haitek Automotive.

"Approved the acquisition/purchase of 70% involvement successful Haitek Automotive Private Limited, equivalent to 350,000 equity shares of Rs.10/- each astatine a terms of Rs.10/- each, full information being Rs.35,00,000," the institution said successful an speech filing.

Following this, Haitek Automotive Private Limited volition beryllium considered a subsidiary institution of Mercury EV-Tech Limited - which is engaged successful the manufacturing of electrical vehicles similar scooters, cars, buses, etc.

Meanwhile, equity benchmark indices declined successful aboriginal commercialized connected Monday, owing to relentless overseas money outflows, selling successful IT stocks and anemic leads from the US markets.

The BSE benchmark Sensex declined 156.72 points to 77,423.59 successful aboriginal trade. The NSE Nifty dipped 64.25 points to 23,468.45.

From the 30-share Sensex pack, Infosys, Tech Mahindra, HCL Technologies, Tata Consultancy Services, NTPC, Axis Bank, Tata Motors and IndusInd Bank were the large laggards.

HDFC Bank, Tata Steel, Bajaj Finance and Asian Paints were among the gainers.

Foreign Institutional Investors (FIIs) offloaded equities worthy Rs 1,849.87 crore connected Thursday, according to speech data.

Foreign investors person pulled retired Rs 22,420 crore from the Indian equity marketplace truthful acold this month, owing to precocious home banal valuations, expanding allocations to China, and the rising US dollar arsenic good arsenic Treasury yields.