MIC Electronics Limited announced unaudited standalone and consolidated financial results for the third quarter and nine months ended Dec. 31, 2015. For the quarter, the parent company reported profit from operations before other income, finance costs & exceptional items of INR 92 million against loss of INR 12 million for the same period of last year. Profit from ordinary activities before tax was INR 28 million against loss of INR 38.7 million for the same period of last year. Net profit for the period was INR 22.6 million or INR 0.13 per diluted share against loss of INR 39 million or INR 0.22 per diluted share for the same period of last year. Net sales/income from operations (excluding branch transfer) (net of excise duty) were INR 537.5 million against INR 396.3 million for the same period of last year.

For the nine months, the parent company reported profit from operations before other income, finance costs & exceptional items of INR 273 million against loss of INR 66 million for the same period of last year. Profit from ordinary activities before tax was INR 216.7 million against loss of INR 118.6 million for the same period of last year. Net profit for the period was INR 175.4 million or INR 0.99 per diluted share against loss of INR 116.8 million or INR 0.65 per diluted share for the same period of last year. Net sales/income from operations (excluding branch transfer) (net of excise duty) were INR 1,540 million against INR 1,115.4 million for the same period of last year.

For the quarter, the group reported profit from operations before other income, finance costs & exceptional items of INR 91.4 million against loss of INR 9.1 million for the same period of last year. Profit from ordinary activities before tax was INR 27.4 million against loss of INR 37.8 million for the same period of last year. Net profit for the period was INR 22.1 million or INR 0.12 per diluted share against loss of INR 38 million or INR 0.21 per diluted share for the same period of last year. Net sales/income from operations (excluding branch transfer) (net of excise duty) were INR 537.5 million against INR 402 million for the same period of last year.

For the nine months, the group reported profit from operations before other income, finance costs & exceptional items of INR 271 million against loss of INR 62.7 million for the same period of last year. Profit from ordinary activities before tax was INR 215.4 million against loss of INR 121.1 million for the same period of last year. Net profit for the period was INR 174.1 million or INR 0.98 per diluted share against loss of INR 119.5 million or INR 0.66 per diluted share for the same period of last year. Net sales/income from operations (excluding branch transfer) (net of excise duty) were INR 1,540 million against INR 1,114 million for the same period of last year.