Synopsis: Shares of MIC Electronics jumped over 5% after the company secured a Rs 1.28 crore railway order under the Amrit Bharat Station Scheme. The order involves supply and commissioning of an IPIS system at Kannur station with a 6-year CAMC
The shares of a leading LED display and telecom solutions company, engaged in manufacturing electronic equipment and developing telecom software, surged over 5% after it secured a Rs 1.28 crore railway order.
With a market capitalization of Rs 1,255 Crores, the share price of MIC Electronics jumped over 5% on Tuesday to hit an intraday high of Rs 53.35 per share from the previous day’s closing price of Rs 50.58 per share.
What’s the News
MIC Electronics received a Letter of Acceptance from the Signal and Telecommunication Branch, Palakkad Division, Southern Railway, for a project under the Amrit Bharat Station Scheme at Kannur station.
The Rs 1.28 crore order includes supply, installation, testing, and commissioning of the IPIS system, with a 6-year CAMC. The domestic order, awarded through tender participation, is to be executed within six months.
About the Company
MIC Electronics Limited, established in 1988, is a global leader in the design, development, and manufacturing of LED video displays, electronic and telecommunication equipment, and telecom software. Headquartered in Mint Township, Cherlapalli, Secunderabad, Telangana, the company has built a strong foundation with a focus on innovation and energy-efficient technologies.
A pioneer in LED display solutions and lighting technologies, MIC specializes in a wide range of LED products, including indoor and outdoor video displays, mobile display systems, and LED lighting solutions such as streetlights.
These products are widely deployed across Indian Railways, sports stadiums, transportation hubs, and public information systems, playing a key role in enhancing digital infrastructure.
The company reported a revenue of Rs 94.76 crore in FY25, up by 73.65 percent from its FY24 revenue of Rs 54.57 crore. Coming to its profitability, the company reported a net profit decline of 84.1 percent to Rs 9.83 crore in FY25 from Rs 61.84 crore in FY24. The stock delivered an ROE and ROCE of 5.71 percent and 8.84 percent, respectively.
Written By Rohan Pandey
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