MIRC Electronics Reports Positive Financial Results for Q1 FY25, PAT and Net Sales Show Significant Growth.

MIRC Electronics, a microcap company in the consumer durables industry, has recently announced its financial results for the quarter ending March 2024. The company has shown a positive performance with a score of 9, a significant improvement from -13 in the previous quarter.

One of the key highlights of the financial results is the growth in Profit After Tax (PAT), which has increased by 142.9% year on year, reaching Rs 2.67 crore. This is a positive trend for the company in the near term. Additionally, the Net Sales have also shown a growth of 24.16% year on year, reaching Rs 227.79 crore. This indicates a positive sales trend for the company in the near future.

Moreover, MIRC Electronics has recorded its highest PAT in the last five quarters, which is a positive sign for the company. However, the company’s Non Operating Income is 114.61% of the Profit Before Tax (PBT), which suggests that the company’s income from non-business activities is high. This may not be a sustainable business model for the company in the long run.

MarketsMOJO has given a ‘Sell’ call for MIRC Electronics based on its financial performance in the quarter ending March 2024. The company’s stock may not be a good investment option for investors at this time.

Overall, MIRC Electronics has shown a positive financial performance in the quarter ending March 2024, with a significant improvement in its score. However, investors should carefully consider the company’s non-business income and the ‘Sell’ call by MarketsMOJO before making any investment decisions.