MIRC electronics posts subdued quarter

Rohan Takalkar
/ Categories: Trending, Quarterly Results, Markets

MIRC Electronics reported subdued quarter for Q3FY18 due to declining revenues. The margins over the quarter also weakened further due to high raw material costs.

The total revenue for the quarter declined by 11 per cent yoy and 34.7 per cent qoq to Rs.131 crore in Q3FY18 as compared to Rs.148 crore in previous year corresponding quarter and Rs. 201 crore in previous quarter.

The EBITDA margins for the quarter declined by 270 bps over previous quarter at 6.7 per cent as compared to 9.4 per cent in previous quarter. The EBITDA for the quarter declined by 53 per cent QoQ to Rs. 9 crore in Q3FY18 as compared to Rs. 19 crore in previous quarter. The bottom-line for the quarter also remained subdued due at Rs. 3 crore in Q3FY18 as compared to Rs. 12 crore in previous quarter.

On Monday, the stock of MIRC Electronics closed Rs. 56 mark, marginally up by 0.27 per cent.

Previous Article Q3FY18 Results: Fairchem Speciality reports PAT surges of 39 per cent
Next Article Capital Goods boost industrial output
Rate this article:
4.5

DALAL STREET INVESTMENT JOURNAL - DEMOCRATIZING WEALTH CREATION

SEBI Registered Research Analyst Details:
Registered Name: DSIJ PRIVATE LIMITED
Type of registration: Non-Individual
Registration No.: INH000006396
Validity: Oct 05, 2018 - Perpetual

View Registration Certificate

SEBI Registered Investment Adviser Details:
Registered Name: DSIJ PRIVATE LIMITED
Type of registration: Non-Individual
Registration No.: INA000001142
Validity: Aug 19, 2019 - Perpetual

View Registration Certificate

Registered Address:
419-A, 4th floor, Arun Chambers,
Tardeo, Next to AC Market, Mumbai - 400 034.
Tel: +91 022-43476012/13/14/15 | Email: service@dsij.in
CIN No.: U22120MH2003PTC139276
GST No.: 27AACCR4303G1ZP
BASL Membership ID: 1346

Principal Officer: Mr. Shashikant Singh,
Email: principalofficer@dsij.in
Tel: (+91)-20-66663800

Compliance Officer: Mr. Rajesh Padode
Email: complianceofficer@dsij.in
Tel: (+91)-20-66663800

Grievance Officer: Mr. Rajesh Padode
Email: service@dsij.in
Tel: (+91)-20-66663800

Corresponding SEBI regional/local office address- SEBI Bhavan BKC, Plot No.C4-A, 'G' Block, Bandra-Kurla Complex, Bandra (East), Mumbai - 400051, Maharashtra.
Tel: +91-22-26449000 / 40459000 | Fax : +91-22-26449019-22 / 40459019-22 | E-mail : sebi@sebi.gov.in | Toll Free Investor Helpline: 1800 22 7575 | SEBI SCORES | SMARTODR

Disclaimer: "Registration granted by SEBI, membership of BASL and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors"

Investment in securities market is subject to market risks. Read all the related documents carefully before investing.

Any act of copying, reproducing, or distributing the content whether wholly or in part, for any purpose without the permission of DSIJ is strictly prohibited and shall be deemed to be copyright infringement.

Disclosures | Terms & Condition | Privacy Statement | WhiteList