MIC Electronics Ltd

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.

MIC Electronics will hold a meeting of the Board of Directors of the Company on 30 March 2026.Powered by Capital Market - Live

MIC Electronics has entered into Memorandum of Understanding with Refit Global to explore a potential strategic transaction, which may include investment (equity/debt/hybrid), acquisition of shares/assets/business, share swap, preferential issue, or other mutually agreed arrangements. The collaboration brings together MIC Electronics' decades of large-scale manufacturing excellence, global technology delivery capabilities, deep institutional relationships, and financial strength with Refit Global' advanced refurbishment platforms, certified supply chains, and strong B2C market penetration. The result is a next-generation circular electronics platform positioned to drive sustainable growth, accelerate digital inclusion, and unlock unprecedented value across the refurbished electronics value chain. Powered by Capital Market - Live

The order, awarded domestically through a tender, is scheduled for execution within six months. The company stated that neither promoters nor promoter group companies have any interest in the awarding entity, and the transaction does not qualify as a related party deal. Terms and conditions will be finalized at the time of agreement execution. 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 rose 1.9% to Rs 2.17 crore in Q2 FY26, compared with Rs 2.13 crore in Q2 FY25. Revenue from operations jumped 38% YoY to Rs 37.89 crore in Q2 FY26. Powered by Capital Market - Live

MIC Electronics has received a Letter of Acceptance from Howrah Division, Eastern Railway Zone of Indian Railways, for provision of CIB, TIB (Coach and Train Indication Boards) at PRGR, SKIP, BZLE, SALE, MGAE, SDI, MRR, and RJG stations over Howrah division for an amount of Rs. 44,501,602.40/-.Powered by Capital Market - Live