MIRC Electronics Limited has informed the Exchange about Copy of Newspaper Publication
MIRCELECTR · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
MIRC Electronics (owner of the Onida brand) has submitted copies of the newspaper publication of its unaudited financial results for Q1 FY26, which were published in Financial Express and Navshakti on 15 August 2025. For the quarter ended 30 June 2025, total income from operations stood at Rs. 14,140 lakhs, down sharply from Rs. 23,085 lakhs in the same quarter last year. The company swung to a net loss of Rs. 1,249 lakhs after tax, compared to a net profit of Rs. 118 lakhs in Q1 FY25. Basic loss per share was Rs. 0.54 versus earnings of Rs. 0.05 in the year-ago quarter. The Board had approved these results at its meeting on 13 August 2025. Separately, the company also notified an Extra-Ordinary General Meeting (EGM) scheduled for 6 September 2025 via video conferencing.
The results are materially negative — both revenue (~39% YoY decline) and profitability have deteriorated sharply, with the company slipping from profit to a sizeable loss. This is likely to weigh on the stock in the near term and raises concerns about near-term demand and margin pressure. Shareholders should also watch the upcoming 6 September EGM, which may contain additional business matters requiring their attention.