Mirc Electronics swung to a profit for the quarter ended June 2014. During the quarter, the company reported a profit of Rs 22.10 million compared with a loss of Rs 1.68 million in the same quarter previous year.
Net sales for the quarter declined 7.84% to Rs 3,424.60 million, compared with Rs 3,716.00 million for the prior year period.
Earnings per share stood at Rs 0.16 compared with negative Rs 1.19 in the same quarter last year.
| Quarterly Results - Standalone (Rs in mn) |
| As at | Jun - 14 | Jun - 13 | %Change |
| Net Sales | 3,424.60 | 3,716.00 | (7.84) |
| Net Profit | 22.10 | (1.68) | - |
| Basic EPS | 0.16 | (1.19) | - |
Shares of the company gained Rs 0.12, or 1.81%, to settle at Rs 6.76. The total volume of shares traded was 15,861 at the BSE (Thursday).
