How has been the historical performance of MIRC Electronics?
MIRC Electronics has experienced a significant decline in net sales and profitability from 2010 to 2016, with net sales dropping from INR 1,939.08 crore to INR 772.21 crore and a net loss of INR 19.45 crore in March 2016. The company's operating profit turned from a profit of INR 80.22 crore in 2011 to a loss of INR 2.88 crore in 2016.
Answer:The historical performance of MIRC Electronics shows a declining trend in net sales and profitability over the years.Breakdown:
MIRC Electronics experienced a significant decrease in net sales from INR 1,939.08 crore in March 2010 to INR 772.21 crore in March 2016. The total operating income followed a similar trend, dropping from INR 1,941.87 crore in March 2011 to INR 772.21 crore in March 2016. The company's operating profit (PBDIT) also reflected this decline, moving from a profit of INR 80.22 crore in March 2011 to a loss of INR 2.88 crore in March 2016. Profit before tax turned negative in March 2014 and continued to worsen, reaching a loss of INR 4.44 crore in March 2016. Consequently, the profit after tax showed a similar pattern, with a loss of INR 0.76 crore in March 2016 compared to a profit of INR 29.01 crore in March 2011. The earnings per share (EPS) also deteriorated, falling from INR 1.25 in March 2010 to a loss of INR 0.92 in March 2016. Overall, MIRC Electronics has faced challenges in maintaining revenue and profitability over the years, culminating in a net loss of INR 19.45 crore in March 2016.
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