MIC electronics earnings look optimistic, and stock performance is stable on the back of positive investor sentiment.
MIC Electronics Ltd reported its Q4 FY26 results on April 25, 2026, posting a consolidated net loss of ₹183.5 million. The stock has remained largely range-bound in recent months but has seen an uptrend over the past month.
On the operational front, MIC Electronics reported steady growth. Consolidated revenue rose 13.3% year-on-year to ₹510 million, compared to ₹450 million in the same quarter last year.
The company’s Earnings before interest, tax, depreciation and amortisation (EBITDA) surged 60.6% to ₹130 million from ₹80 million, indicating improved cost efficiency and stronger execution. EBITDA margins expanded sharply by 772 basis points to 26.2%, up from 18.5% an year ago.
The reported loss was driven by a one-time, non-cash deferred tax adjustment, even as the company delivered strong operational growth during the quarter.
The loss stems from the reversal of deferred tax assets worth ₹293 million related to carried-forward business losses from FY18. These assets expired after the permissible eight-year carry-forward period under the Income-tax Act. The reversal increased deferred tax expenses, which in turn dragged down profit after tax and earnings per share.
The company clarified that this is a non-cash adjustment and does not reflect any deterioration in core business performance.
The Company has only four segments i.e., LED Products, Medical and other appliances, automobile and Electrical & Electronics, Spare parts trading.
The company has shared detailed financial statements, including segment performance, assets and liabilities, and cash flow data on the National Stock Exchange and the Bombay Stock Exchange.
