Shares of MIC Electronics Ltd hit 5% upper circuit on 24 December after the company announced that it had been granted approval for the Capacity cum Capability Assessment (CCA) for the GPS location-based Public Address & Passenger Information System (PAPIS) and LED Destination Boards for AC and Non-AC ICF and LHB Coaches.

Indian Railways employs two primary types of passenger coaches across its network: ICF (Integral Coach Factory) and LHB (Linke-Hofmann-Busch). These coach models vary significantly in manufacturing technology, comfort levels, seating capacity, speed, and safety features. Over the past 20 years, both have played crucial roles in the railway system, catering to different operational needs and purposes.

MIC Electronics generated Rs. 11.20 crore in standalone revenue from operations for the second quarter of the fiscal year 2024–2025 (Q2FY25), which was 57.75% more than the Rs. 7.10 crore gained in the same quarter the previous year. 

The quarterly net profit, however, dropped sharply by 74.63% from Rs. 8.30 crore in September 2023 to Rs. 2.11 crore. However, EBITDA improved, increasing by 55.24% to Rs. 3.85 crore from Rs. 2.48 crore at the same time last year.
 
MIC Electronics Limited (MICEL), an Indian company, focuses on designing, developing, and manufacturing high-end electronic and telecommunication devices, telecom software, and LED video displays. The company offers a wide range of products, including lighting, LED displays, oxygen concentrators, and batteries. MICEL LED displays are utilized in a number of locations, such as transit hubs, amusement parks, digital theatres, public information systems, and sports stadiums.

At 11:23 am, the shares of MIC Electronics were locked 5% higher at Rs 86.67 on NSE.

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