Mirc FY05 consolidated net down 21%

Mirc Electronics has posted a 20.68% decline in consolidated profit after tax at Rs 31.82 crore for the year ended March 31, 2005 as against Rs 40.12 crore in the previous fiscal.

According to a release issued to the BSE today, total income (net of excise) increased to Rs 1,109.32 crore in FY05 from Rs 956.23 crore in FY04.

The company, on a stand-alone basis, has posted a net profit after tax at Rs 12.34 crore for the quarter ended March 31, 2005 as against Rs 0.85 crore in Q4FY04. Total income increased to Rs 230.24 crore for the quarter ended March 31, 2005 from Rs 209.74 crore in Q4FY04.

Mirc has posted a net profit of Rs 36.23 crore for the year ended March 31, 2005 as compared to Rs 43.77 crore in FY04. Total income increased to Rs 1,096.17 crore for the year ended March 31, 2005 from Rs 942.2 crore in FY04.

The board has recommended a dividend of 60%, the release added.