Onida Electronics Q1 FY27 Unaudited Results: Net Loss Widens to ₹1,418 Crore
Onida Electronics reported a net loss of ₹1,418 crore for Q1 FY27, an increase from ₹4,736 crore in Q1 FY26. Total income rose to ₹18,482 crore. The company also approved the allotment of 1,35,480 equity shares under its ESOP plan, increasing paid-up capital to ₹36,95,27,844.
The widening net loss and increased expenses suggest a challenging financial situation, which could impact investor confidence and stock performance. The ESOP allotment is a routine event but contributes to share capital increase.
The company reported a significant widening of its net loss in the first quarter, indicating a negative financial performance.
Onida Electronics Limited (formerly MIRC Electronics Limited) announced its unaudited financial results for the first quarter ended June 30, 2026. The company reported a net loss of ₹1,418 crore for the quarter, a significant increase from the ₹4,736 crore loss in the same quarter of the previous year (Q1 FY26) and a wider loss compared to the ₹1,249 crore loss in the previous quarter (Q4 FY26).
Total income for the quarter stood at ₹18,482 crore, an increase from ₹14,871 crore in Q1 FY26 and ₹15,470 crore in Q4 FY26. Expenses also rose to ₹19,900 crore from ₹16,428 crore in Q1 FY26 and ₹15,398 crore in Q4 FY26.
In a separate development, the company approved the allotment of 1,35,480 equity shares of Re. 1 each at an exercise price of ₹14.10 per share, pursuant to the exercise of vested Employee Stock Options under the Onida Electronics Employee Stock Option Plan, 2023. This allotment increased the company's paid-up equity share capital to ₹36,95,27,844, comprising 36,95,27,844 equity shares of Re. 1 each.
The board meeting commenced at 3:45 pm and concluded at 7:10 pm on August 7, 2026. The financial results were reviewed by the Audit Committee and approved by the Board of Directors. The company has also completed its name change from MIRC Electronics Limited to Onida Electronics Limited during the quarter.
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