MIC Electronics Receives First Railway PAPIS Order from Kapurthala Coach Factory

1 min read Updated on 03 Feb 2026, 12:19 PM

Reviewed by

Riya DScanX News Team

Overview

MIC Electronics Limited announced receiving its first order for Public Address and Passenger Information System (PAPIS) from Railway Coach Factory, Kapurthala through regulatory filing. This marks commercial supply commencement following December 2024 CCA approval for GPS Location based systems, establishing the company's entry into railway communication infrastructure market.

*this image is generated using AI for illustrative purposes only.

MIC Electronics Limited has announced the receipt of its first order for Public Address and Passenger Information System (PAPIS) from Railway Coach Factory, Kapurthala, New Delhi. The company disclosed this development through a regulatory filing under Regulation 30, marking a significant milestone in its railway sector operations.

Order Details and Background

The order represents the first commercial supply under the GPS Location based Public Address & Passenger Information System category. This follows the company's earlier announcement regarding the approval of CCA (Capacity cum Capability Assessment) for PAPIS systems.

Parameter:	Details
Customer:	Railway Coach Factory, Kapurthala
Product:	GPS Location based PAPIS
System Components:	Public Address & Passenger Information
Order Status:	First commercial order post-approval

Regulatory Timeline and Approvals

MIC Electronics had previously received approval for its CCA assessment for GPS Location based Public Address & Passenger Information System on December 23, 2024. The current order marks the commencement of commercial supplies following this regulatory approval, demonstrating the company's successful transition from approval to active business operations.

Market Entry and Commercial Significance

This inaugural order establishes MIC Electronics as an active supplier to Railway Coach Factory, Kapurthala, and represents the company's formal entry into the railway communication systems market. The PAPIS technology combines location-based services with traditional public address capabilities, offering enhanced passenger communication solutions for modern railway operations.

Business Development Impact

The order signifies MIC Electronics' expansion into the railway infrastructure segment, adding a new revenue stream to its existing portfolio. With the commencement of commercial supplies in this product category, the company is positioned to pursue additional opportunities within the railway sector and leverage its approved CCA status for future business development.

Historical Stock Returns for MIC Electronics

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-0.78%	-0.09%	+3.46%	-11.68%	-39.97%	+183.64%

MIC Electronics

View Company Insights

View All News

Mic Electronics Q3 Revenue Surges to ₹902.2M, EBITDA Margin Drops to 4.40%

1 min read Updated on 28 Jan 2026, 10:42 AM

Reviewed by

Radhika SScanX News Team

Add as a preferred
source on Google

Overview

Mic Electronics delivered mixed Q3 results with exceptional revenue growth to ₹902.2 million but significant margin compression as EBITDA margin fell to 4.40% from 29.31% year-over-year. Despite profitability challenges, the company secured a major ₹114 crore order, demonstrating strong market demand while facing operational efficiency concerns.

*this image is generated using AI for illustrative purposes only.

Mic Electronics has delivered mixed financial performance in Q3 with revenue surging to ₹902.2 million compared to ₹117.4 million in the same quarter of the previous year. However, profitability metrics show compression with EBITDA margin declining significantly. The company has also announced the receipt of a major order valued at ₹114 crore, marking significant business milestones for the electronics company.

Q3 Financial Performance

The company's latest quarterly results demonstrate remarkable revenue growth but compressed profitability. Revenue for Q3 reached ₹902.2 million, representing a substantial increase from the ₹117.4 million recorded in the corresponding quarter of the previous year. The consolidated net profit for Q3 stood at ₹18.7 million, showing a decrease from the ₹21.6 million achieved in the same quarter last year.

Financial Metric:	Q3 Current	Q3 Previous Year	Performance
Revenue:	₹902.2 million	₹117.4 million	Strong Growth
Consolidated Net Profit:	₹18.7 million	₹21.6 million	Decline
EBITDA:	₹39.6 million	-	Current Quarter
EBITDA Margin:	4.40%	29.31%	Significant Decline

Profitability Analysis

Despite the impressive revenue expansion, the company's profitability metrics reveal margin pressure. Q3 EBITDA stood at ₹39.6 million with the EBITDA margin contracting sharply to 4.40% from 29.31% in the year-over-year comparison. This significant margin compression indicates higher operational costs relative to the revenue growth achieved during the quarter.

Major Order Acquisition

The company has secured a significant contract worth ₹114 crore, which is expected to contribute substantially to its business operations and revenue stream. This substantial order represents a notable development in the company's order book and demonstrates strong market demand for its products and services.

Parameter:	Details
Order Value:	₹114 crore
Strategic Impact:	Major business milestone

Business Outlook

The dramatic revenue growth coupled with the ₹114 crore order acquisition highlights Mic Electronics' strong competitive position in the electronics sector. However, the significant compression in EBITDA margin from 29.31% to 4.40% alongside declining net profit margins suggests operational challenges. While the substantial revenue expansion indicates successful business scaling and market penetration, the company faces the challenge of improving operational efficiency to restore profitability levels.

Historical Stock Returns for MIC Electronics