Shares of a leading electronics company surged to hit the 5 percent upper circuit after receiving a key certification for its capabilities in GPS-based Public Address and Passenger Information Systems. This approval highlights the company’s technical expertise and strengthens its position in delivering advanced solutions for transportation infrastructure.
Price Movement
During Tuesday’s trading session, MIC Electronics Ltd reached an intra-day high of Rs.86.68 per share, hitting a 5 percent upper circuit from its previous close of Rs.82.56 each. The shares have retreated since then and are currently trading at Rs.86.68 apiece.
What happened
MIC Electronics shares surged 5 percent to reach Rs.86.76 on the BSE during Tuesday’s intraday trading, hitting the upper circuit. The rally followed the company’s announcement of receiving approval for the Capacity and Capability Assessment (CCA) to supply GPS-based Public Address and Passenger Information Systems (PAPIS) and LED Destination Boards for AC and Non-AC ICF and LHB train coaches.
Indian Railways employs two primary types of passenger coaches which are ICF (Integral Coach Factory) and LHB (Linke-Hofmann-Busch). These coaches differ in manufacturing technology, speed, comfort, seating capacity, and safety features.
Over the past two decades, both types have played a crucial role in serving the diverse needs of the railway network across the country.
Product Offerings
MIC Electronics offers a diverse range of products, including LED displays for indoor, outdoor, mobile, and application-specific needs across sectors like sports, transportation, and entertainment.
Its LED lighting solutions cover indoor, outdoor, solar-powered, and portable options. The company has also expanded into medical equipment with the recent introduction of oxygen concentrators for healthcare applications.
Serving industries such as sports stadiums, transportation hubs, digital theaters, theme parks, and healthcare facilities, MIC Electronics delivers innovative solutions tailored to specialized requirements.
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Recent Developments
MIC Electronics has recently secured approval from Indian Railways for its emergency lighting systems, reinforcing its commitment to advancing transportation infrastructure with cutting-edge electronic solutions.
The company continues to strengthen its position as a leader in the LED technology sector, broadening its reach across various markets through innovative products and strategic collaborations.
Financials
In its latest financial update, the company reported a revenue of Rs.11.20 crore in Q2 FY25, rising 58 percent from Rs.7.10 crore in Q2 FY24. However, the company reported a net profit of Rs.2.11 crore in Q2 FY25, falling 75 percent from Rs.8.30 crore during the same period.
About the Company
Established in 1988 and headquartered in Secunderabad, India, MIC Electronics Limited focuses on designing, developing, and manufacturing LED video displays as well as advanced electronic and telecommunication equipment.
Over the years, the company has undergone significant growth, transitioning from a private limited entity to a public company in 1997, while continuously diversifying its product portfolio.
Written by – Siddesh S Raskar
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