Mirc Electronics announces Q3FY19 results


Revenue at INR 160.62 crore, registered growth of 22%
PAT was at INR 1.39 crore

Mirc Electronics Ltd., the makers of Onida and a leading consumer durables company, has declared its financial results for the third quarter ended December 31, 2018.

Q3FY19 Highlights:

• Revenues were at Rs 160.62croreas compared to INR 131.34 crore in Q3FY18, registered a growth of 22%
• EBIDTA was at Rs 6.80 crore
• Profit after tax (PAT) was at INR 1.39 crore

Commenting on the results, Vijay Mansukhani, Managing Director said, “We are happy to deliver good growth in our revenues during the quarter. This was primarily led by significant growth in sales volumes of air conditioners and washing machines”

“Our air conditioners business during the quarter has witnessed phenomenal growth of 108% on year on year basis. Washing machines volumes also grew by 30% led by launch of new models”