Small-cap Stock Sees Gains Following Release of Fourth-Quarter Earnings

MIC Electronics Shares Rise 3% Following Q4FY26 Results

On Monday, April 27, MIC Electronics shares rose by approximately 3% following the company's announcement of its Q4FY26 results. The company reported a consolidated net loss of ₹18.35 crore for the quarter ended March 25, 2026, despite strong operational performance.

Revenue Increases 13.3% Year-on-Year

Revenue for the quarter increased by 13.3% year-on-year to ₹51 crore, compared to ₹45 crore in the same period last year. The company's operational performance remained strong, with EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) surging 60.6% to ₹13 crore from ₹8 crore. This significant increase in EBITDA reflects improved efficiency and execution at the operating level.

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EBITDA Margins Expand Significantly

EBITDA margins expanded significantly by 772 basis points to 26.2%, up from 18.5% a year ago. This expansion is a testament to the company's ability to control costs and improve its bottom line.

One-Time, Non-Cash Deferred Tax Adjustment

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The reported loss was largely due to a one-time, non-cash deferred tax adjustment. The company reversed deferred tax assets worth ₹29.3 crore related to past losses from FY18, which expired after the permissible carry-forward period under tax rules. This increased tax expenses, impacting profit after tax and earnings per share. The company clarified that the adjustment is non-cash and does not affect its core business performance, which spans LED products, medical equipment, automobile components, and electronics trading.

Share Price Performance

MIC Electronics share price opened at ₹40 apiece on the BSE, touching an intraday high of ₹42.09 per share and an intraday low of ₹39.66 apiece. According to Anshul Jain, Head of Research at Lakshmishree, the stock has been consolidating in a defined range between ₹33 and ₹44 over the past 8-10 weeks, reflecting a lack of directional conviction.