Are MIC Electronics latest results good or bad?

MIC Electronics has released its financial results for the quarter ending March 2025, showcasing a mix of operational trends. The company reported net sales of Rs 44.85 crore, reflecting a year-on-year growth of 95.34%, which is notable as it represents the highest quarterly sales in the last five quarters. Additionally, the profit before tax less other income (PBT) reached Rs 6.50 crore, indicating a year-on-year increase of 40.69%, also the highest in the same five-quarter period. The operating profit (PBDIT) was recorded at Rs 8.37 crore, further highlighting a positive trend in this area.
However, the results also reveal significant challenges. The profit after tax (PAT) experienced a sharp decline of 92.8% year-on-year, falling to Rs 3.57 crore, which underscores a critical issue for the company. Furthermore, interest expenses rose to Rs 2.80 crore, marking an increase of 54.70% over the previous half-year, suggesting higher borrowing costs that may impact future profitability.

Overall, while MIC Electronics demonstrated strong sales growth and operating profit improvements, the substantial decline in PAT and rising interest expenses indicate areas of concern. The company saw an adjustment in its evaluation, reflecting these mixed operational trends.