MIC Electronics Hits 5% Upper Circuit Following CCA Approval for Railway Systems

Shares of MIC Electronics surged by 5% to Rs 86.76 during intraday trading on the BSE following the company’s announcement of receiving approval for the Capacity cum Capability Assessment (CCA) for its GPS Location-based Public Address & Passenger Information System (PAPIS) and LED Destination Boards for Indian Railways’ ICF and LHB Coaches. Despite a strong revenue growth of 57.75% year-on-year, totaling Rs 11.20 crore for Q2 of FY25, the company’s net profit plummeted by 74.63% to Rs 2.11 crore compared to the previous year. However, Ebitda saw a 55.24% increase, reaching Rs 3.85 crore. Over the past year, MIC Electronics’ stock has outperformed the market, gaining 154%, as the company boasts a market capitalization of Rs 2,091.02 crore and a price-to-earnings ratio of 37.08. The firm specializes in LED displays and high-end electronic equipment, catering to diverse sectors including transportation and public information.

MIC Electronics Hits 5% Upper Circuit Following CCA Approval for Railway Systems

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