MIRC Electronics Limited has informed the Exchange about Copy of Newspaper Publication
MIRCELECTR · price
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MIRC Electronics (maker of Onida-brand products) has submitted copies of newspaper clippings showing that the extract of its audited financial results for the fourth quarter and full year ended March 31, 2025 was published in Financial Express and Navshakti on May 22, 2025, as required under SEBI's Listing Regulations. For FY25, total income from operations fell to Rs. 75,742 lakhs from Rs. 97,453 lakhs in FY24, a drop of roughly 22% year-on-year. However, the company's net loss narrowed to Rs. 5,135 lakhs in FY25 compared to Rs. 6,240 lakhs in FY24, while Q4 FY25 posted a loss of Rs. 5,111 lakhs versus a Rs. 6,221 lakh loss in Q4 FY24. The board had already approved these results on May 20, 2025, and the full results are available on the BSE/NSE websites and the company's website (www.onida.com).
This is a procedural compliance filing - the financial numbers were already disclosed earlier, so no new information for shareholders. The underlying results, however, show weak top-line performance with revenue declining sharply, though losses are contracting, suggesting cost-side improvement but continued demand pressure on the Onida business.