MIC Electronics Ltd Q3 FY2024 profit drops QOQ to Rs. 2.71 crores

has reported Standalone financial results for the period ended December 31, 2023.

Financial Results (Q3 FY2024) - QoQ Comparison

The company has reported total income of Rs. 18.31 crores during the period ended December 31, 2023 as compared to Rs. 7.24 crores during the period ended September 30, 2023.

The company has posted net profit / (loss) of Rs. 2.71 crores for the period ended December 31, 2023 as against net profit / (loss) of Rs. 8.30 crores for the period ended September 30, 2023.

The company has reported EPS of Rs. 0.12 for the period ended December 31, 2023 as compared to Rs. 0.37 for the period ended September 30, 2023.

Financials	Q3 FY2024	Q2 FY2024	% Change
Total Income	₹ 18.31 crs	₹7.24 crs	152.90%
Net Profit	₹2.71 crs	₹8.30 crs	-67.35%
EPS	₹0.12	₹0.37	-67.57%

Financial Results (Q3 FY2024) - YoY Comparison

The company has reported total income of Rs. 18.31 crores during the period ended December 31, 2023 as compared to Rs.1.78 crores during the period ended December 31, 2022.

The company has posted net profit / (loss) of Rs.2.71 crores for the period ended December 31, 2023 as against net profit / (loss) of Rs.-0.96 crores for the period ended December 31, 2022.

The company has reported EPS of Rs.0.12 for the period ended December 31, 2023 as compared to Rs.-0.04 for the period ended December 31, 2022.

Financials	Q3 FY2024	Q3 FY2023	% Change
Total Income	₹ 18.31 crs	₹1.78 crs	928.65%
Net Profit	₹2.71 crs	₹-0.96 crs	382.29%
EPS	₹0.12	₹-0.04	400.00%

Financial Results (9 Months Ended FY2024) - YoY Comparison

The company has reported total income of Rs.32.74 crores during the 9 Months period ended December 31, 2023 as compared to Rs.4.07 crores during the 9 Months period ended December 31, 2022.

The company has posted net profit / (loss) of Rs.12.25 crores for the 9 Months period ended December 31, 2023 as against net profit / (loss) of Rs.-2.28 crores for the 9 Months period ended December 31, 2022.

The company has reported EPS of Rs.0.56 for the 9 Months period ended December 31, 2023 as compared to Rs.-0.10 for the 9 Months period ended December 31, 2022.

Financials	9 Months Ended FY2024	9 Months Ended FY2023	% Change
Total Income	₹32.74 crs	₹4.07 crs	704.42%
Net Profit	₹12.25 crs	₹-2.28 crs	637.28%
EPS	₹0.56	₹-0.10	660.00%

Source : Equity Bulls

Keywords

MICElectronics Q3FY24 9MFY24 ResultUpdate