MIC Electronics Q4 FY26: Revenue ₹50.8 Cr, Loss ₹18.35 Cr

Stock snapshot: where MICEL traded in late June 2026

MIC Electronics (MICEL) was quoted at ₹41.31 on 24 June 2026, according to the provided stock-price datapoint. The same dataset also shows a separate “current share price” reference of ₹36.9, indicating the price moved within a broad band across updates. Another on-screen quote shows ₹37.50, up ₹0.71 (1.93%) for the day. Taken together, the numbers place the stock in the high-₹30s to low-₹40s zone around late June 2026.

While these price points do not describe the full month’s trading range, they help frame how investors were valuing the company around the time quarterly financials were being digested. The key driver in the period was a sharp swing in profitability in the March 2026 quarter, even as reported revenue remained elevated versus most earlier quarters in FY26.

Q4 FY26 (Mar 2026): loss despite higher quarterly sales

For the quarter ended March 2026, MIC Electronics reported a net loss of ₹18.35 crore, versus a net profit of ₹3.57 crore in the March 2025 quarter, as stated in the input. A separate summary block also shows Net Profit -18 with QoQ -1,080.75% and YoY -613.73%, aligning with the sharp deterioration.

Revenue for the March 2026 quarter is shown as roughly ₹50.79 crore to ₹50.8 crore across tables. One summary line reports QoQ -43.70% for revenue, which is consistent with the quarterly sales table that shows ₹90.23 crore in Dec 2025 and ₹50.79 crore in Mar 2026. The combination of a sequential revenue decline and a large net loss made the quarter a clear negative inflection point on earnings.

Quarterly performance table: Mar 2025 to Mar 2026

The quarterly results table (figures in ₹ crore) captures how sales and operating profit changed through FY26:

Two features stand out in this set. First, Mar 2026 net sales (₹50.8 crore) are materially above the ₹11-13 crore range shown for Jun-Sep-Dec 2025 in the same table. Second, Adjusted EPS fell to -₹0.76 in Mar 2026, matching the loss narrative even though operating profit is presented as positive in the same table. That mismatch is important context for readers, because it indicates items below operating profit (or accounting adjustments) likely played a major role in the reported bottom line, but the dataset does not specify the exact drivers.

Q1 FY26 (Jun 2025): revenue stable, profit lower YoY

For the quarter ended June 2025 (Q1 FY26), the provided highlights show Total Revenue of ₹11.61 crore versus ₹50.79 crore in Mar 2026, implying a large quarter-to-quarter swing depending on which quarters are compared. The same block lists Net Income of ₹1.67 crore for Jun 2025, compared with ₹1.97 crore in Jun 2024 (YoY decline, as stated).

Operationally, Jun 2025 shows Operating Income of ₹3.20 crore, and Total Operating Expense of ₹8.41 crore. These figures present a picture of a smaller quarterly base in Jun 2025 relative to the much larger revenue figure shown for Mar 2026, underscoring that MIC Electronics’ quarterly trajectory in the supplied data is not linear.

The FY21 to FY25 annual P&L trend in the dataset

The annual Profit & Loss table (₹ crore) shows the company moving from low or volatile sales to a stronger base by FY24 and FY25:

• Net sales: ₹1.09 (Mar 2021), ₹31.14 (Mar 2022), ₹5.89 (Mar 2023), ₹54.57 (Mar 2024), ₹61.73 (Mar 2025)
• Operating profit: -₹1.64 (Mar 2021), ₹5.68 (Mar 2022), ₹0.79 (Mar 2023), ₹12.48 (Mar 2024), ₹18.24 (Mar 2025)
• Interest cost increased to ₹4.83 crore in Mar 2025 from ₹1.82 crore in Mar 2024 in the same table

This backdrop matters because it frames the March 2026 quarterly loss as occurring after a period where FY25 operating profit in the dataset was positive. However, the input does not provide a full FY26 annual view, so the extent to which the March 2026 loss is a one-off quarter or part of a broader shift cannot be concluded from the supplied data alone.

Consolidated Q2 FY26 update: numbers in lakhs converted to crore

The input also includes a separate announcement for Q2 FY26 with consolidated figures originally in lakhs. Converted to ₹ crore (1 crore = 100 lakhs), the announcement states:

• Consolidated revenue from operations: ₹37.8893 crore (3,788.93 lakhs), up 38% YoY
• Profit before tax (PBT): ₹2.1680 crore (216.80 lakhs)
• PAT: ₹2.1680 crore (216.80 lakhs)
• PBT margin: 18.1% in Q2 FY26 vs 14.4% in Q1 FY26

The same disclosure also states H1 FY26 revenue growth of 29.7% and a 6.3% decline in net profit. These are directionally positive on revenue but mixed on profitability at the half-year level, based on the statement.

Market metrics and return snapshot provided

A market snapshot in the input lists:

• Market cap: ₹905 crore
• ROE: 4.19%
• P/E (TTM): 93.88
• EPS (TTM): ₹0.40
• Dividend yield: 0.00%

The return block in the same dataset shows: 1D +0.76%, 1M +7.84%, 6M +2.76%, 1Y -24.46%, and 5Y +196.36%. These figures suggest that despite near-term rebounds in some windows, the one-year performance remained negative at that point.

What investors will likely track next (based on available data)

First, the gap between operating profit and net profit in Mar 2026 will be a central focus, because the dataset shows operating profit of ₹13.28 crore alongside a net loss of ₹18.35 crore. Without the full line-item bridge (tax, exceptional items, finance costs beyond the interest line, or other adjustments), the dataset cannot attribute the loss precisely, but it clearly signals pressure below the operating line.

Second, the company’s quarterly revenue variability is large across the provided tables and statements, with multiple revenue figures appearing for different quarters and reporting scopes. Readers should distinguish between the quarterly result table (₹ crore) and the consolidated Q2 FY26 announcement (lakhs, converted to ₹ crore), because mixing scopes can lead to incorrect comparisons.

Conclusion

MIC Electronics’ supplied financial dataset highlights a sharp earnings reversal in Q4 FY26 (Mar 2026), when the company reported a net loss of ₹18.35 crore on revenue of about ₹50.8 crore, while the stock traded around ₹37-₹41 in late June 2026. Alongside this, a separate company update for Q2 FY26 indicates consolidated revenue of ₹37.8893 crore and PAT of ₹2.1680 crore, pointing to mixed signals across periods and scopes. The next clear read for investors will come from subsequent quarterly disclosures that reconcile operating performance with bottom-line outcomes and clarify whether the March 2026 loss was driven by specific, disclosed factors.