MIC Electronics reported net loss Rs 50.44 crore in the quarter ended March 2012 as against net profit of Rs 3.55 crore during the previous quarter ended March 2011. Sales declined 52.57% to Rs 23.40 crore in the quarter ended March 2012 as against Rs 49.34 crore during the previous quarter ended March 2011.
For the unaudited full year, net loss reported to Rs 50.53 crore in the year ended March 2012. Sales reported to Rs 81.57 crore in the year ended March 2012. The company has changed its year end from June 2012 to March 2012 and the value given for the current full year ended March 2012 is for the period of 9 months. Hence, the full year is not comparable.