MIC Electronics FY26 Results: Loss of Rs. 1,325.46 Lakhs After Tax Reversal
RESULTS
▼ Concern Flagged
MEDIUM RISK
📅 Filed on BSE: 25 Apr 2026, 05:03 PM IST · BSE ID: b0a9c4af-b506-4689-97a5-71834ea655e1
View Original BSE Filing (PDF)
💡
In Simple Terms
The company's sales nearly doubled this year, but a tax accounting adjustment turned profit into a big loss for the year.
🤖 AI Summary
- Consolidated revenue FY26: Rs. 19,052.34 Lakhs, up 101% from Rs. 9,476.37 Lakhs in FY25
- Profit after tax swung to loss of Rs. 1,263.36 Lakhs vs. profit of Rs. 983.13 Lakhs prior year
- Deferred tax asset reversal of Rs. 2,931.34 Lakhs drove loss — non-cash charge from expired carry-forward losses
- Four operating segments: LED Products, Medical & Other Appliances, Automobiles, Electrical & Electronics Spare Parts
- Board approved audited results April 25, 2026; unmodified audit opinion issued by M/s. Bhavani & Co.
🔢 Key Numbers — exact figures from BSE filing, not rounded
Consolidated Revenue from Operations FY26
Rs. 19,052.34 Lakhs
101%
Consolidated Profit After Tax FY26
Rs. (1,263.36) Lakhs
From Rs. 983.13 Lakhs profit FY25
Deferred Tax Reversal (non-cash)
Rs. 2,931.34 Lakhs
Operating Profit Before Tax FY26
Rs. 1,667.98 Lakhs
27.6%
LED Products Revenue FY26
Rs. 8,747.89 Lakhs
80.9%
Net Worth (consolidated) FY26
Rs. 21,621.73 Lakhs
-2.9%
Diluted EPS FY26
Rs. (0.53)
From Rs. 0.40 FY25
🏢 How This Affects the Company
Revenue growth of 101% (consolidated: Rs. 9,476.37 Lakhs to Rs. 19,052.34 Lakhs) signals strong operational sales recovery. LED Products segment drove growth, generating Rs. 8,747.89 Lakhs revenue for FY26 vs Rs. 4,837.33 Lakhs in FY25. Medical and Other Appliances segment contracted to Rs. 32.37 Lakhs from Rs. 1,138.49 Lakhs.
Net loss of Rs. 1,263.36 Lakhs after tax (consolidated) vs. profit of Rs. 983.13 Lakhs prior year. Tax loss reversal of Rs. 2,931.34 Lakhs (non-cash) on expired carry-forward business losses offset operating profit of Rs. 1,667.98 Lakhs. Net worth declined to Rs. 21,621.73 Lakhs from Rs. 22,259.30 Lakhs year-over-year.
Employee benefits expense increased to Rs. 1,045.20 Lakhs from Rs. 747.07 Lakhs, reflecting higher workforce costs alongside 101% revenue growth. Finance costs remained stable at Rs. 604.84 Lakhs vs Rs. 461.08 Lakhs.
Tax loss carry-forward period of 8 years has expired, eliminating deferred tax asset shield worth Rs. 2,931.34 Lakhs. Current profitability (operating basis) demonstrates recovery, but loss position in FY26 may affect tax planning. No exceptional items or contingent liabilities disclosed.
👥 What This Means For Shareholders
✅
Action Required
No immediate action required. Review Q1 FY27 quarterly results expected by end-July 2026 to confirm sustained profitability.
👤
Who Is Affected
All equity shareholders. EPS diluted to negative Rs. 0.53 per share (consolidated) for FY26 vs. positive Rs. 0.40 per share in FY25. Paid-up capital unchanged at Rs. 4,820.23 Lakhs (2.41 crore shares @ Rs. 2 face value).
🔍
Management Signal
Board retention of dividend declaration suspension and focus on operational recovery (101% revenue growth) signals prioritization of balance sheet repair over shareholder distributions.
For information only. Not investment advice. ForgeUp is not SEBI-registered.
👁 Watch List — track these upcoming events
Q1 FY27 quarterly results (Sept 2026) — confirm operating profitability sustainability and segment recovery
Medical & Other Appliances segment restructuring — watch for revival or formal exit announcement
Deferred tax asset creation — monitor if FY27 tax losses rebuild asset base or remain impaired
MEDIUM RISK
Tax loss carry-forward expired; loss year impacts shareholder equity. Operating recovery confirmed but needs 2-3 quarters of sustained profitability to restore confidence.
💡 Investor Takeaway
MIC Electronics achieved 101% revenue growth to Rs. 19,052.34 Lakhs (consolidated FY26), but reported net loss of Rs. 1,263.36 Lakhs after Rs. 2,931.34 Lakhs non-cash deferred tax reversal. Operating profit of Rs. 1,667.98 Lakhs demonstrates underlying business recovery. LED Products dominates with Rs. 8,747.89 Lakhs revenue.
⚖️ Strengths & Concerns
✅ Positives
- Consolidated revenue doubled to Rs. 19,052.34 Lakhs from Rs. 9,476.37 Lakhs, confirming strong operational recovery
- LED Products segment generated Rs. 8,747.89 Lakhs annual revenue with segment profit before tax of Rs. 2,185.30 Lakhs
⚠️ Concerns
- Net loss of Rs. 1,263.36 Lakhs after Rs. 2,931.34 Lakhs tax reversal eroded annual profitability and shareholder value
- Medical & Other Appliances segment collapsed to Rs. 32.37 Lakhs revenue from Rs. 1,138.49 Lakhs, indicating business exit or contraction