MIC Electronics Ltd

MIC Electronics Limited announced that its Board of Directors approved the allotment of 5,68,73,418 equity shares of Rs 2 face value each on a preferential basis to Neo Selling Shareholders for consideration other than cash, towards the acquisition of 59% of the ordinary share capital of Neo Semi SG Pte. Ltd. from Ebisu Global Opportunities Fund Limited, Mauritius, Unico Global Opportunities Fund Limited, Mauritius, and Tavas Advisory & Consulting (FZE), United Arab Emirates.

MIC Electronics Ltd announced credit rating actions from both Brickwork Ratings and BWR regarding its various banking facilities. Brickwork Ratings upgraded the rating for Fund Based – Term Loan, Cash Credit, and WCTL to BWR BB /Stable from the previous BWR BB /Stable, and assigned a BWR A4 + rating to Non-Fund Based – Bank Guarantee, previously rated BWR A3. BWR revised the ratings for Bank Loan Facilities amounting to 110.82 Crs to BWR BB/Stable and BWR A4+, and assigned ratings of BWR BB /Stable to Fund Based Cash Credit-Sanctioned (amounting to 31.00), BWR BBB- /Stable to Term Loan-Outstanding (12.78), BWR BBB- /Stable to Cash Credit-Proposed (22.45), BWR BBB- /Stable to WCTL(ECLGS)- Sanctioned, BWR A4 + to Bank Guarantee-Sanctioned (8.00), BWR A3 to Bank Guarantee-Proposed, and further assignments for Cash Credit - Sanctioned (20.00), Cash Credit - Proposed (29.00), Term Loan - Sanctioned (10.35), WCTL (ECLGS) - Sanctioned (3.99), Bank Guarantee - Sanctioned (4.00), Bank Guarantee - Proposed (26.29), Cash Credit - Sanctioned (11.00), WCTL (ECLGS) - Sanctioned (2.19), Bank Guarantee-Sanctioned (4.00), and Bank Guarantee - Proposed (26.29), along with annual reviews for Bank Loan Facilities (110.82 Crs) referencing BWR's rating letter dated 31-Oct-2025.

MIC Electronics Ltd share price declined by 0.41% to Rs 36.46 after the company's net profit tumbled by 111.61% to Rs 2.13 crore, while revenue from operations slipped 13.92% to Rs 43.72 crore in Q2FY26 over Q1FY26. The market capitalization of Other Industrial Products industry group stocks on BSE stood at Rs 70192.1 crore, declining 1.88%. It has softened by 2.43% over last one week and moved up slightly by 0.11% in last one month while the market capitalization of MIC Electronics Ltd has marginally improved by 1.31% and 15.58% in the same period respectively. Profit before tax (PBT) of MIC Electronics Ltd stood at Rs 2.13 crore in Q2 FY26, expanding by 27.54% year-on-year, and tanking 80.58% quarter-on-quarter. EBITDA came in at Rs 4 crore, rising 2.02% YoY and plunging by 68.87% sequentially. Total expenses grew marginally by 5.34% to Rs 40.41 crore in Q2FY26 over Q2FY25. During the quarter, cost of materials consumed stood at Rs 4.39 crore, slumping by 87.04% YoY, while employee benefits expense was at Rs 2.43 crore, tanking by 27.89% YoY. For the TTM ended FY26, revenue from operations jumped by 73.65% to Rs 94.76 crore, while net profit witnessed a sharp fall of 84.10% to Rs 9.83 crore, compared to previous TTM. EBITDA soared by 938% to Rs 16.81 crore, and PBT collapsed by 26.28% to Rs 13.07 crore compared to previous TTM. The company's consolidated net cash flow from operating activities stood at Rs 0.0 crore in FY26, as against Rs 12.87 crore in FY25. MIC Electronics Ltd crashed 30.75% in last one year, underperforming the benchmark BSE Sensex which has eased by 4.36% during the same period.

MIC Electronics will hold a meeting of the Board of Directors of the Company on 31 July 2026.

MIC Electronics has initiated the development of IPIS v2.0 for Indian Railways, and the project is progressing as per plan. The product architecture has been successfully established, with dedicated teams working in parallel across hardware, firmware, and Network Management System (NMS) application software development. The program has achieved meaningful progress across all major development areas and is currently on track toward product realization and delivery. The Company's focused engineering approach and coordinated team efforts are enabling steady development with a clear roadmap toward successful deployment of the solution.

Net loss of MIC Electronics reported to Rs 18.35 crore in the quarter ended March 2026 as against net profit of Rs 3.57 crore during the previous quarter ended March 2025. Sales rose 13.24% to Rs 50.79 crore in the quarter ended March 2026 as against Rs 44.85 crore during the previous quarter ended March 2025. For the full year,net loss reported to Rs 12.63 crore in the year ended March 2026 as against net profit of Rs 9.83 crore during the previous year ended March 2025. Sales rose 101.06% to Rs 190.52 crore in the year ended March 2026 as against Rs 94.76 crore during the previous year ended March 2025. ParticularsQuarter EndedYear EndedMar. 2026Mar. 2025% Var.Mar. 2026Mar. 2025% Var. Sales50.7944.85 13 190.5294.76 101 OPM %26.2818.64 -13.2519.04 - PBDT11.887.25 64 20.3614.67 39 PBT10.976.81 61 16.6813.07 28 NP-18.353.57 PL -12.639.83 PL Powered by Capital Market - Live

MIC Electronics will hold a meeting of the Board of Directors of the Company on 25 April 2026.

MIC Electronics has received a Letter of Acceptance from the Signal and Telecommunication (S&T) department of the Nagpur Division, Central Railway (CR) Zone of Indian Railways, for supply, installation, testing & commissioning telecom assets/ passenger amenities IPIS at Wardha station of Nagpur division, for an amount of Rs. 1,12,14,148.93. Further, the Company has received a LOA variation order from Salem Division, Southern Railway (SR) Zone of Indian Railways, for Provision of Passenger Information System in connection with Amrit Bharat Scheme at Tirupattur, Samalpatti, Morappur, Bommidi, Salem stations and CAMC for a period of five years of Salem Division, for an amount of Rs. 1,09,45,604.

The company received a letter of acceptance from the Nagpur Division of Central Railway for supply, installation, testing, and commissioning of telecom assets and a Passenger Information Display System (PIDS) at Wardha station, valued at Rs 1.12 crore. The order is to be executed within six months. Additionally, the company secured an LOA variation order from the Salem Division of Southern Railway for the provision of a Passenger Information System across multiple stations under the Amrit Bharat Scheme, along with a comprehensive annual maintenance contract (CAMC) for five years, aggregating to Rs 1.09 crore. MIC Electronics specializes in the design, development, and manufacturing of LED video displays as well as high-end electronics and telecommunications products. The company's consolidated net profit fell 13.4% to Rs 1.88 crore in Q3 FY26, compared with Rs 2.17 crore in Q3 FY25. Revenue from operations jumped 667.9% YoY to Rs 90.23 crore in Q3 FY26.

MIC Electronics announced that an Extra Ordinary General Meeting (EGM) of the Company will be held on 29 April 2026.