Shares of MIC Electronics Ltd., a small-cap company, saw an increase of over 3% in trading today following a significant announcement in its latest exchange filing. As of 1:25 PM, the stock was priced at ₹55.31 on the Bombay Stock Exchange (BSE), reflecting a gain of 2.52% or ₹1.36. Meanwhile, on the National Stock Exchange (NSE), the stock stood at ₹55.29, up by 2.37% or ₹1.28.
The company, which has a market capitalization of ₹1,333.03 crore, announced it has received approval from the Research Designs and Standards Organisation (RDSO) under the Ministry of Railways. This approval pertains to a microprocessor controller designed for roof-mounted air conditioning units in LHB (Linke Hofmann Busch) and double-decker train coaches.
In its latest quarterly report for Q2 FY26, which ended in September 2025, MIC Electronics reported impressive sales figures. It generated sales of ₹37.89 crore, marking a 38% increase from ₹27.46 crore in the same quarter of the previous year.
The company’s total income for this quarter was ₹38.42 crore, a stark rise compared to ₹11.75 crore in the preceding June quarter. MIC Electronics recorded a profit of ₹2.17 crore, an increase from ₹1.67 crore in the last quarter.
Earnings per share (EPS) also improved, reaching ₹0.09, compared to ₹0.07 in the prior quarter. However, according to BSE Analytics, the company’s stock has faced some volatility. In the past week, it has fallen by 2.5%, and over the last month, it has decreased by more than 16%. Despite a slight rise of 1% in the last three months, the stock’s performance over the past six months reflects an overall decline of 8%.
Original Source: https://www.india.com/business/mic-electronics-this-company-shares-gain-as-company-receives-this-approval-from-ministry-of-railways-check-details-here-8141269/
Category: Business,MIC Electronics,Share market news,Stock market news
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Publish Date: 2025-10-20 15:13:00
