05 Aug 2020 | 3:57 PM

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MIC Electronics posts Q3 net loss of Rs 1.18 cr
  MIC Electronics Ltd. | 16 Jan 2020 | 03:41 PM
Published on 02-13-2019
The company reported standalone net loss during the quarter stood at Rs 1.18 crore as compared to net loss of Rs 1.39 crore in the previous year quarter.


Net revenue of the company declined substantially by 93.45 per cent at Rs 2.69 crore in October-December quarter of this fiscal as against Rs 41.05 crore in the corresponding period last year.


During October-December quarter operating expenses dropped by 91.08 per cent to Rs 3.66 crore from Rs 41.02 crore in year ago period.


Other Income grew by 282.22 per cent at Rs 1.72 crore versus (Dec`17 Rs 0.45 crore).


Operating Profit slipped by 3333.33 per cent to Rs -0.97 crore as against Rs 0.03 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 51614.29 per cent in December quarter.


Interest declined by 96.88 per cent y-o-y to Rs 0.01 crore