MIC Electronics Limited, a global leader in the design, development, and manufacturing of LED video displays, has announced that it has received the approval for capacity cum capability assessment (CCA) of the company’s GPS Location based Public Address & Passenger Information System (PAPIS) and LED Destination Boards in AC and Non -AC Railway Coaches.
Earlier, the company announced earnings for the quarter and half year ended 30 September 2024. For the quarter ended 30 September 2024, revenue from operations grew by 156.26% from Rs. 1071.46 Lakhs in Q1FY25 to Rs. 2745.67 Lakhs in Q2FY25 EBITDA increased by 37.56% from Rs. 281.24 Lakhs in Q1FY25 to Rs. 286.86 Lakhs in Q2FY25. PAT increased by 8.18% from Rs. 196.52 Lakhs in Q1FY25 to Rs. 212.59 Lakhs in Q2FY25.
The company further incorporated wholly owned subsidiary namely MICK Digital India Ltd. The subsidiary will function to Manufacture and deal in all types of smart meters, digital meters, roof mounted AC package units (RMPU), integrated power supply (IPS) systems, Mini Computers, Microprocessor based systems and Computer peripherals.