According to reports from ET Now, MIC Electronics reported mixed financial results for Q3 FY26. The company's consolidated net profit declined 14% to ₹1.88 crore compared to ₹2.16 crore in the same quarter of the previous fiscal year. However, revenue from operations surged manifold to ₹90.22 crore in the reporting quarter, significantly higher than ₹11.74 crore recorded in Q3 FY25. The company's total expenses increased to ₹88.49 crore during the quarter under review.
As reported by ET Now, the company's revenue was distributed across different business segments. The LED products segment reported revenue of ₹12.63 crore while the Electrical & Electronics, Spare parts segment generated ₹77.59 crore in the quarter. This segment-wise distribution reflects the company's diversified product portfolio serving various infrastructure needs.
According to ET Now, MIC Electronics secured a significant order worth ₹114.10 crore last week from Nava Raipur Atal Nagar Vikas Pradhikaran, Raipur. The order involves designing, engineering, supply, construction, testing, commissioning, AMC and operation & maintenance of infrastructure works at common facility centre in sector 22 Nava Raipur Atal Nagar, Raipur, with execution scheduled within 10 months. The company's shares closed 4.6% lower at ₹40.72 on BSE during Sunday's special trading session conducted for Budget presentation.
As reported by ET Now, MIC Electronics has shown mixed performance across different time periods. The stock has underperformed markets with a 48% correction in one year while the BSE Sensex index climbed 4% in the same period. However, the company has delivered impressive long-term returns, yielding multibagger returns of over 225% in three years and sprinting over 3,800% in five years, resulting in significant wealth creation for investors.
