MIC Electronics Limited has informed the Exchange regarding Board meeting held on July 04, 2025.
MICEL · price
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Awaiting price reaction for this filing.
MIC Electronics' board approved Q1 FY26 (quarter ended June 30, 2025) unaudited results. Consolidated revenue from operations rose modestly to Rs. 11.61 crore from Rs. 10.71 crore in Q1 FY25, a YoY growth of about 8.4%. On a sequential basis, revenue fell sharply from Rs. 28.07 crore in Q4 FY25, indicating significant quarter-on-quarter volatility. Profit after tax stood at Rs. 1.67 crore versus Rs. 1.97 crore a year ago, a decline of roughly 15%. EPS came in at Rs. 0.07 compared to Rs. 0.08 in Q1 FY25. The LED Products segment remained the primary revenue and profit driver, while the Medical & Appliances segment shrank meaningfully. Statutory auditor Bhavani & Co. issued an unqualified (clean) limited review report on both standalone and consolidated results.
Weak sequential revenue and a dip in profit signal margin pressure and possible demand softness. The clean auditor report removes governance concerns, but the overall results are likely neutral-to-mildly negative for shareholders given compressed profitability.