12 Aug 2020 | 3:12 AM

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MIC Electronics posts Q4 net loss of Rs 16.49 cr
  MIC Electronics Ltd. | 16 Jan 2020 | 03:41 PM
Published on 06-01-2019
The company reported standalone net loss during the quarter stood at Rs 16.49 crore as compared to net loss of Rs 193.25 crore in the previous year quarter.


Net revenue of the company declined substantially by 93.51 per cent at Rs 1.00 crore in January-March quarter of this fiscal as against Rs 15.41 crore in the corresponding period last year.


During January-March quarter operating expenses dropped by 45.07 per cent to Rs 15.53 crore from Rs 28.27 crore in year ago period.


Other Income dipped by 4.17 per cent at Rs 0.23 crore versus (Mar`18 Rs 0.24 crore).


Operating Profit surged by 12.99 per cent to Rs -14.53 crore as against Rs -12.86 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 1641.16 per cent in March quarter.


Interest declined by 99.96 per cent y-o-y to Rs 0.01 crore