MIC Electronics Shares Rise Following ₹2.2 Crore Railway Contracts
MIC Electronics rises after securing Rs 2.2 crore railway orders
Business Standard
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MIC Electronics' shares increased by 2.72% to ₹41.61 after securing ₹2.21 crore in orders from Indian Railways. The contracts include a ₹1.12 crore project for telecom assets at Wardha station and a ₹1.09 crore Passenger Information System for multiple stations under the Amrit Bharat Scheme.
- 01MIC Electronics' shares rose by 2.72% following new railway contracts.
- 02The company secured orders worth ₹2.21 crore from Indian Railways.
- 03Key projects include a ₹1.12 crore contract for Wardha station.
- 04Revenue from operations increased by 667.9% year-on-year in Q3 FY26.
- 05The company's net profit fell by 13.4% in the same quarter.
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MIC Electronics saw a 2.72% increase in its share price, reaching ₹41.61, after the company secured orders totaling ₹2.21 crore from various divisions of Indian Railways. This includes a ₹1.12 crore contract from the Nagpur Division of Central Railway for the supply, installation, testing, and commissioning of telecom assets and a Passenger Information Display System (PIDS) at Wardha station, which is expected to be completed within six months. Additionally, the company received a variation order worth ₹1.09 crore from the Salem Division of Southern Railway for a Passenger Information System across multiple stations under the Amrit Bharat Scheme, along with a five-year comprehensive annual maintenance contract. Despite these new contracts, MIC Electronics reported a 13.4% decline in consolidated net profit, which fell to ₹1.88 crore in Q3 FY26 compared to ₹2.17 crore in Q3 FY25. However, revenue from operations surged by 667.9% year-on-year to reach ₹90.23 crore in the same quarter.
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The new contracts may lead to increased operational activity and job creation in the regions served by Indian Railways, particularly at Wardha station and other stations involved in the projects.
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