MIC Electronics Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
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MIC Electronics Limited reported standalone revenue of Rs 8,727.83 lakhs for FY2026, up 41% from Rs 6,172.85 lakhs in FY2025. Consolidated revenue more than doubled to Rs 19,052.34 lakhs from Rs 9,476.37 lakhs. However, the company posted a net loss of Rs 1,263.36 lakhs (standalone) and Rs 1,834.58 lakhs (consolidated) compared to profits of Rs 983.13 lakhs and Rs 187.72 lakhs respectively in the previous year. The losses were primarily caused by a non-cash reversal of Deferred Tax Assets worth Rs 29.31 crores relating to carried-forward business losses from FY 2017-18, which expired after 8 years as permitted under the Income-tax Act. The statutory auditors, Bhavani & Co., issued an Unmodified Opinion on the financial results with no going concern issues raised.
The stock may face negative sentiment due to significant profit decline despite strong revenue growth. The non-cash deferred tax reversal masked underlying operational performance, which showed healthy PBT growth of approximately 28% on standalone basis. Long-term investors should focus on operational metrics rather than reported net loss.