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MIC Electronics Ltd

| Quarterly Financial Results Q3 FY 2025-26

NEUTRAL SENTIMENT

Report Source

⬤31st Jan 26

Summary : MIC Electronics reported significant revenue growth but faced declining profitability and EPS in Q3 and 9M 2025.

Quarterly Report Analysis & Insights

Financial Disclosures

  1. Consolidated 9M Total Expenses: 13483.13 Lakhs
  2. Consolidated 9M Purchase of stock-in-trade: 10156.03 Lakhs
  3. Consolidated 9M Employee benefits expense: 708.49 Lakhs
  4. Consolidated 9M Finance Costs: 423.27 Lakhs
  5. Consolidated 9M Revenue from Operations: 14012.45 Lakhs
  6. Consolidated 9M LED Products Revenue: 3655.57 Lakhs
  7. Consolidated 9M Medical & other appliances Revenue: 32.37 Lakhs
  8. Consolidated 9M Electrical & Electronics, Spare parts trading Revenue: 10324.51 Lakhs
  9. Consolidated Net worth (as of 31.03.2025): 22,259.30 Lakhs
  10. Consolidated Paid up Equity Share capital: 4820.23 Lakhs
  11. Consolidated 9M Segment Assets: 42905.68 Lakhs
  12. Consolidated Revenue (9M): 14012.45 Lakhs vs Standalone Revenue (9M): 3687.94 Lakhs.
  13. Consolidated Profit before tax (9M): 571.22 Lakhs vs Standalone Profit before tax (9M): 531.16 Lakhs.
  14. Consolidated results include three subsidiaries.

Corporate Overview

  1. India
  2. Dubai (through SOA Electronics Trading LLC)
  3. LED Products
  4. Medical and other appliances
  5. Automobile and Electrical & Electronics
  6. Spare parts trading segments
  7. Formal reporting of Q3 results and approvals.
  8. LED Products
  9. Medical and other appliances
  10. Electrical & Electronics, Spare parts trading

Risk Factors

  1. Profitability declined despite significant revenue increase.
  2. High increase in stock-in-trade expenses.
  3. Medical appliances segment shows negative profit.
  4. Overall EPS decreased year-over-year.

Key Drivers

  1. Strong revenue growth across key segments.
  2. Diversified business model reduces single-segment risk.
  3. International subsidiary contributes to consolidated revenue.
  4. LED products segment shows robust performance.

Auditor’s Report

  1. Limited Review Report, not an audit opinion.
  2. No material misstatements noted in financial results.

Board Commentary

  1. No legal or regulatory issues reported.

Corporate Governance

  1. Audit Committee reviewed the financial results.

Management Discussion & Analysis

Performance Drivers

  1. Significant revenue growth in Electrical & Electronics, Spare parts trading segment.
  2. Strong revenue contribution from LED Products segment.