MIC Electronics Reports Impressive Q4 Results, Positive Sales and Profit Trend

MIC Electronics, a smallcap company in the trading industry, has recently announced its financial results for the quarter ending March 2024. The company has shown an outstanding performance with a score of 32, which is an improvement from the previous score of 30 in the last 3 months.

One of the key highlights of the financial report is the significant growth in net sales, which has increased by 863.10% year on year to reach Rs 40.45 crore. This shows a very positive sales trend for the company. Additionally, the profit before tax less other income (PBT) has also shown a growth of 178.31% year on year, indicating a positive trend in the near term.

The company's profit after tax (PAT) has also seen a remarkable growth of 1940.7% year on year, further strengthening the positive trend in the near term. In fact, the net sales for the half-yearly period have already surpassed the sales of the previous 12 months, standing at Rs 40.45 crore compared to Rs 18.32 crore.

MIC Electronics has also achieved its highest operating profit (PBDIT) in the last five quarters, standing at Rs 5.41 crore. The PBT and PAT have also reached their highest levels in the last five quarters, at Rs 4.62 crore and Rs 49.59 crore respectively. This shows a positive trend in the company's profitability.

Moreover, the earnings per share (EPS) for the quarter have also reached its highest level in the last five quarters, at Rs 2.24. This indicates that the company has created higher earnings for its shareholders.

Overall, the financial results for the quarter ending March 2024 have been impressive for MIC Electronics, with a positive trend in sales, profitability, and earnings per share. Based on these results, MarketsMOJO has given a 'Hold' call for the company's stock.