Onida Electronics Q1 FY27 Unaudited Results: Net Loss Narrows to ₹1.41 Crore
Onida Electronics reported Q1 FY27 results with total income at ₹18,482 crore, up from ₹14,871 crore YoY. The net loss narrowed to ₹1.41 crore from ₹4.74 crore YoY. The company also approved the allotment of 1,35,480 equity shares under its ESOP plan.
The narrowing of the loss and the increase in income are positive indicators. The allotment of shares through ESOPs is a routine event and has a moderate impact on the company's capital structure.
While the total income has increased and the net loss has narrowed, the company still reported a loss, making the overall sentiment neutral.
Onida Electronics Limited (formerly MIRC Electronics Limited) announced its unaudited financial results for the first quarter ended June 30, 2026. The company reported a total income of ₹18,482 crore, a significant increase from ₹14,871 crore in the corresponding quarter of the previous year. However, the company registered a net loss after tax of ₹1,418 crore for the quarter, a reduction from the ₹4,738 crore loss in the same period last year. This narrowing of the loss was primarily attributed to a significant reduction in exceptional items.
The Board of Directors also approved the allotment of 1,35,480 equity shares of Re. 1 each, pursuant to the exercise of vested Employee Stock Options by eligible employees under the Onida Electronics Employee Stock Option Plan, 2023, at an exercise price of ₹14.10 per equity share. Following this allotment, the company's paid-up equity share capital increased to ₹36,95,27,844, divided into 36,95,27,844 equity shares of Re. 1 each.
The meeting of the Board of Directors commenced at 3:45 pm and concluded at 7:10 pm on August 7, 2026. The company also confirmed its business is structured into one operating segment: 'Consumer Durables'. All financial results have been prepared in accordance with Indian Accounting Standards (Ind AS) and have undergone a limited review by statutory auditors M/s. M M Nissim & Co LLP.
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