MIC ELECTRONICS Announces Quarterly Results (4QFY18); Net Profit Down 2500.5%

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MIC ELECTRONICS Announces Quarterly Results (4QFY18); Net Profit Down 2500.5%
Wed, 22 Aug

MIC ELECTRONICS has announced its results for the quarter ended March 2018. Here is a detailed performance review of the same:

MIC ELECTRONICS Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-17*
3
Dec-17*
3
Mar-18*
QoQ ChangeYoY Change
Net SalesRs m661411154-62.5%-76.7%
Other incomeRs m1352-46.7%-82.0%
TurnoverRs m674415157-62.3%-76.8%
ExpensesRs m542410282-31.2%-47.9%
Gross profitRs m-130-1,090-363500.0%
DepreciationRs m1919203.1%6.5%
InterestRs m7232317125.0%223.4%
Profit before taxRs m-90-18-1,339
TaxRs m-15-4593
Profit after taxRs m-74-14-1,932
Gross profit margin%-1.90.1-707.5
Effective tax rate%17.021.0-44.3
Net profit margin%-11.0-3.3-1,234.6
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster


Year-on-Year Performance:
  • The company's operating income during the quarter fell 76.7% on a year-on-year (YoY) basis. The expenses were down by 47.9% YoY during the same period.
  • The company's operating profit increased by 8484.3% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 707.5% in 4QFY18 as against 1.9% in 4QFY17.
  • Depreciation charges and finance costs increased by 6.5% YoY and 223.4% YoY, respectively.
  • Other income declined by 82.0% YoY during the quarter.
  • Net profit for the quarter declined by 2500.5% YoY. Net profit margins during the quarter declined from -11.0% in 4QFY17 to -1234.6% in 4QFY18.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 62.5% on a quarter-on-quarter (QoQ) basis. The expenses were down by 31.2% QoQ during the same period.
  • The company's operating profit declined by 363500.0% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 707.5% in 4QFY18 as against 0.1% in 3QFY17.
  • Net profit for the quarter declined by 13800.7% QoQ, while net profit margins declined from -3.4% in 3QFY17 to -1234.6% in 4QFY18.

To see how MIC ELECTRONICS has performed over the last eight quarters, please visit here.

MIC ELECTRONICS Share Price Performance

Over the last one year, MIC ELECTRONICS share price has moved up from Rs 7.9 to Rs 2.9, registering a Loss of Rs 5.0 or around 63.3%.

Meanwhile, the S&P BSE FMCG Index is trading at Rs 12,492.6 (down 0.1%). Over the last one year it has moved up from 10,046.1 to 12,492.6, a gain of 2,447 points (up 24.4%).

Overall, the S&P BSE SENSEX is up 22.5% over the year.

Current Valuations

At the current price of Rs 2.9, the price to book value (P/BV) ratio of MIC ELECTRONICS stands at 0.1 times.

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Related Views on News

MIC ELECTRONICS Announces Quarterly Results (1QFY19); Net Profit Down 276.5% (Quarterly Result Update)

Aug 22, 2018 | Updated on Aug 22, 2018

For the quarter ended June 2018, MIC ELECTRONICS has posted a net profit of Rs 49 m (down 276.5% YoY). Sales on the other hand came in at Rs 7 m (down 99.1% YoY). Read on for a complete analysis of MIC ELECTRONICS's quarterly results.

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