Q1 Results: MIC Electronics declares quarterly results

Electric equipment manufacturer MIC Electronics has announced financial results for the quarter ended June 30, 2023. The company has reported a net income of Rs 10.93 crore in the first quarter of FY 2024-25. This is up by 52.22 per cent YoY from Rs 7.18 crore in the same quarter of the previous fiscal year.

MIC Electronics reported a net profit of Rs 1.96 crore in Q1FY25 up by 59.34 per cent YoY from Rs 1.23 crore in the year-ago quarter.

The company's EBITDA stands at Rs 2.81 crore in June 2024 up 32.55 per cent from Rs 2.12 crore in June 2023. 

Earlier, the company received an order from the Firozpur Division of Northern Railway for installing coach guidance display boards at major and important stations. The company has received this order through the tender process. The total value of this order is Rs 3,04,95,149.54.

According to the information, the company will have to complete this order within 9 months. Apart from this, the company also informed that Letter of Completion/Installation Certificate of DWK PF-1 CGDB and IPIS system has also been received at Hapa station from Rajkot Division of Western Railway.