MIRC Electronics Limited has submitted to the Exchange, the financial results for the period ended March 31, 2025.
MIRCELECTR · price
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MIRC Electronics (Onida brand) reported full-year FY25 revenue from operations of ₹74,669 lakhs, down about 22.9% from ₹96,804 lakhs in FY24. Despite the sharp revenue fall, the company narrowed its pre-tax loss dramatically to just ₹(230) lakhs from ₹(6,221) lakhs a year ago, with EPS improving to ₹(0.10) from ₹(2.89). Operating cash flow swung from a negative ₹(561) lakhs to a positive ₹3,085 lakhs, driven by lower inventory and better working capital. Total expenses fell from ₹103,674 lakhs to ₹76,972 lakhs. The auditor (ASA & Associates LLP) issued an unmodified (clean) opinion. The Board has approved a Rights Issue of up to ₹50 crore, which has received in-principle approvals from BSE and NSE. An e-waste EPR matter remains sub judice, with a potential additional exposure of ₹1,181 lakhs if CPCB-notified rates are imposed versus contracted rates.
While top-line shrank sharply, the drastic improvement in losses and a turnaround in operating cash flow signal better cost discipline and working-capital management, which may support the stock in the short term. However, the company remains loss-making, the e-waste litigation overhang persists, and the upcoming Rights Issue could dilute existing shareholders.