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MIRC Electronics Ltd Q1FY24; 47% fall in Revenue

MIRC Electronics Limited was established in 1981 and promoted by Mr Gulu. L. Mirchandani and Mr Vijay. J. Mansukhani has an established presence for over 3 decades. The company’s goal was manufacturing televisions sets which transformed into a complete consumer durable company with a wide product portfolio.

Financial Results:

MIRC Electronics Ltd reported Revenues for Q1FY24 of ₹183.47 Crores down from ₹345.19 Crore year on year, a fall of 46.85%.

Total Expenses for Q1FY24 of ₹192.18 Crores down from ₹345.32 Crores year on year, a fall of 44.35%.

Consolidated Net Profit of -₹6.22 Crores from ₹0.43 Crores in the same quarter of the previous year.

The Earnings per Share is -₹0.27, from ₹0.02 in the same quarter of the previous year.

*It is important to note that the way the results have been accounted for are slightly different than the ones the companies may choose to publish.

*The presented data is automatically generated. It may occasionally generate incorrect information.

Tags: electronics
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