Mirc Electronics reported weak financial performance for the quarter ended March 31, 2026, as revenue declined significantly on a Year-on-Year (YoY) basis and losses widened sharply.

The company posted revenue from operations of ₹143.81 crore in Q4 FY26 compared to ₹200.72 crore in Q4 FY25, registering a decline of 28.35% YoY.

Total income during the quarter stood at ₹148.71 crore against ₹204.57 crore in the corresponding quarter last year, down 27.31%.

Mirc Electronics reported a pre-tax loss of ₹15.57 crore in Q4 FY26 compared to a loss of ₹1.05 crore in Q4 FY25, reflecting a sharp deterioration of 1,382.86% YoY.

After exceptional items, the company posted a net loss before tax of ₹47.36 crore in Q4 FY26 against a profit of ₹1.18 crore in the year-ago quarter.

Total expenses during the March quarter declined 20.11% YoY to ₹164.28 crore from ₹205.62 crore.

Purchase of contract manufactured goods fell sharply to ₹58.33 crore from ₹125.62 crore, down 53.57% YoY. Employee benefit expenses declined 12.91% to ₹12.45 crore from ₹14.64 crore.

Finance costs increased 18.31% YoY to ₹3.49 crore, while depreciation and amortisation expenses rose 12.58% to ₹1.70 crore.

For the full financial year FY26, Mirc Electronics reported revenue from operations of ₹660.01 crore compared to ₹746.69 crore in FY25, reflecting a decline of 11.61%.

Total income for FY26 came in at ₹670.83 crore against ₹757.42 crore in the previous financial year, down 11.43%.

The company reported a pre-tax loss of ₹61.02 crore in FY26 compared to a loss of ₹2.30 crore in FY25.

After exceptional items, loss before tax widened to ₹74.74 crore in FY26 from ₹2.30 crore in the previous financial year.

Total annual expenses stood at ₹731.85 crore compared to ₹759.72 crore in FY25, registering a decline of 3.67% YoY.

Mirc Electronics | Business Upturn

Mirc Electronics Q4 Results: Loss widens sharply, revenue falls 28% YoY