MIRC ELEC. Announces Quarterly Results (4QFY19); Net Profit Down 159.4%

Helping You Build Wealth With Honest Research
Since 1996. Try Now

  • MyStocks

MEMBER'S LOGINX

     
Login Failure
   
     
   
     
 
 
 
(Please do not use this option on a public machine)
 
     
 
 
 
  Sign Up | Forgot Password?  

MIRC ELEC. Announces Quarterly Results (4QFY19); Net Profit Down 159.4%
Fri, 7 Jun

MIRC ELEC. has announced its results for the quarter ended March 2019. Here is a detailed performance review of the same:

MIRC ELEC. Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-18*
3
Dec-18*
3
Mar-19*
QoQ ChangeYoY Change
Net SalesRs m1,8841,6061,559-3.0%-17.3%
Other incomeRs m33512155.3%-64.0%
TurnoverRs m1,9171,6111,571-2.5%-18.1%
ExpensesRs m1,8291,5381,522-1.1%-16.8%
Gross profitRs m557019-72.5%-65.0%
DepreciationRs m232017-15.4%-25.1%
InterestRs m254138-6.2%50.2%
Profit before taxRs m4014-24-271.2%-159.4%
TaxRs m0000.0%0.0%
Profit after taxRs m4014-24-271.2%-159.4%
Gross profit margin%2.94.31.2
Effective tax rate%0.00.00.0
Net profit margin%2.10.9-1.5
* 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 17.3% on a year-on-year (YoY) basis. The expenses were down by 16.8% YoY during the same period.
  • The company's operating profit declined by 65.0% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 1.2% in 4QFY19 as against 2.9% in 4QFY18.
  • Depreciation charges declined by 25.1% and finance costs increased by 50.2% YoY, respectively.
  • Other income declined by 64.0% YoY during the quarter.
  • Net profit for the quarter declined by 159.4% YoY. Net profit margins during the quarter declined from 2.1% in 4QFY18 to -1.5% in 4QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 3.0% on a quarter-on-quarter (QoQ) basis. The expenses were down by 1.1% QoQ during the same period.
  • The company's operating profit declined by 72.5% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 1.2% in 4QFY19 as against 4.3% in 3QFY18.
  • Net profit for the quarter declined by 271.2% QoQ, while net profit margins declined from 0.9% in 3QFY18 to -1.5% in 4QFY19.

To see how MIRC ELEC. has performed over the last eight quarters, please visit here.

MIRC ELEC. Share Price Performance

Over the last one year, MIRC ELEC. share price has moved up from Rs 35.8 to Rs 19.4, registering a Loss of Rs 16.5 or around 45.9%.

Meanwhile, the S&P BSE CONSUMER DURABLES Index is trading at Rs 25,073.3 (down 0.1%). Over the last one year it has moved up from 20,335.2 to 25,073.3, a gain of 4,738 points (up 23.3%).

Overall, the S&P BSE SENSEX is up 11.9% over the year.

Current Valuations

At the current price of Rs 19.4, the price to book value (P/BV) ratio of MIRC ELEC. stands at 1.7 times.

Equitymaster requests your view! Post a comment on "MIRC ELEC. Announces Quarterly Results (4QFY19); Net Profit Down 159.4%". Click here!

  

Related Views on News

MIRC ELEC. Announces Quarterly Results (3QFY19); Net Profit Down 52.7% (Quarterly Result Update)

Feb 13, 2019 | Updated on Feb 13, 2019

For the quarter ended December 2018, MIRC ELEC. has posted a net profit of Rs 14 m (down 52.7% YoY). Sales on the other hand came in at Rs 2 bn (up 22.3% YoY). Read on for a complete analysis of MIRC ELEC.'s quarterly results.

MIRC ELEC. Announces Quarterly Results (2QFY19); Net Profit Down 132.3% (Quarterly Result Update)

Nov 21, 2018 | Updated on Nov 21, 2018

For the quarter ended September 2018, MIRC ELEC. has posted a net profit of Rs 39 m (down 132.3% YoY). Sales on the other hand came in at Rs 1 bn (down 36.1% YoY). Read on for a complete analysis of MIRC ELEC.'s quarterly results.

More Views on News

Most Popular

How to Buy the Best Safe Stocks in 2020(The 5 Minute Wrapup)

Jan 17, 2020

Don't fall for the safe stocks narrative going around in the stock market these days.

Guess Which Stocks Are Rising at Double the Speed of Sensex(Profit Hunter)

Jan 15, 2020

These stocks can move twice as fast as the Sensex - to take advantage of their money multiplying power get in now as the rally is still just taking shape.. read more to not miss out.

For 1,000%+ Gains, Follow the 8-Year Cycle in the Stock Market(Fast Profits Daily)

Jan 17, 2020

This is how the biggest trading profits are made.

What the Infosys Results Tell Us About the Next Infosys(The 5 Minute Wrapup)

Jan 15, 2020

If you're interested in the next Infosys, I'll tell you where to look.

The Best Asset Class to Invest in 2020(Fast Profits Daily)

Jan 24, 2020

Why I'm most bullish on this asset class above all else in 2020.

More

India's #1 Trader
Reveals His Secrets

Secret To Increasing Your Trading Profits Today
Get our special report, Secret to Increasing Your Trading Profits Today Now!
We will never sell or rent your email id.
Please read our Terms

MIRC ELEC. SHARE PRICE


Jan 28, 2020 (Close)

TRACK MIRC ELEC.

  • Track your investment in MIRC ELEC. with Equitymaster's Portfolio Tracker. Set live price alerts, get research alerts and more. Get access now...
  • Add To MyStocks

MIRC ELEC. - HAWKINS COOKERS COMPARISON

COMPARE MIRC ELEC. WITH

MARKET STATS