Quarterly Result10 Aug 2026, 10:53 am
Onida Electronics Q1FY27 Revenue Up 29.5% to ₹182.4 Cr
AI Summary
Onida Electronics Limited (formerly MIRC Electronics Limited) announced its unaudited financial results for Q1 FY27, reporting a healthy top-line growth of 29.5% year-on-year to ₹182.4 crore. This growth was primarily driven by strong performance in LED Televisions and Air Conditioners, which saw 56.8% and 39.2% year-on-year growth respectively. The company also reported an improvement in overall gross margin to 17.3% from 16.3% in Q1 FY26, attributed to a favorable product mix. Total income increased by 30.6% to ₹184.8 crore. The company also completed its corporate name change to Onida Electronics Limited. The net loss for the quarter was ₹14.2 crore, compared to ₹12.5 crore in the prior year.
Key Highlights
- Revenue from operations grew 29.5% YoY to ₹182.4 crore.
- LED TV sales surged 56.8% YoY; AC business grew 39.2% YoY.
- Gross margin improved to 17.3% due to a better product mix.
- Total income rose 30.6% YoY to ₹184.8 crore.
- Company completed corporate name change to Onida Electronics Limited.
Price Impact
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