MIC Electronics Limited has submitted to the Exchange, the financial results for the period ended March 31, 2025.
MICEL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
MIC Electronics Limited reported a strong revenue jump for FY25, with standalone revenue from operations rising to Rs. 9,476.37 lakhs from Rs. 5,457.48 lakhs in FY24, a growth of around 74%. Consolidated revenue grew to Rs. 9,516.71 lakhs from Rs. 5,574.95 lakhs, driven by a new Electrical & Electronics Spare parts trading segment and strong contributions from Medical appliances and Automobiles. Profit before tax stood at Rs. 1,306.79 lakhs (Rs. 1,773.34 lakhs in FY24). However, profit after tax fell sharply to Rs. 983.13 lakhs (standalone) from Rs. 6,183.88 lakhs in FY24, mainly because FY24 had a one-time deferred tax credit of Rs. 4,410.54 lakhs that is not repeated in FY25. Statutory auditors M/s. Bhavani & Co. issued an unmodified (clean) opinion on both standalone and consolidated results. The company also appointed a new Secretarial Auditor for 5 years. Consolidated operating cash flow was negative at Rs. (4,866.51) lakhs, though standalone operating cash flow turned positive at Rs. 245.82 lakhs.
Revenue growth of over 70% with diversification into new segments is a strong positive signal for the business. The steep PAT decline is largely a base-effect distortion from a one-time deferred tax credit in FY24, not a deterioration in operations. Investors should watch the negative consolidated operating cash flow and rising borrowings (debt up from Rs. 1,160 lakhs to Rs. 4,357 lakhs) as areas needing monitoring.