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.

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.

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.

MIC Electronics Limited has secured a significant order from Central Railway Zone, strengthening its position in the railway infrastructure segment. The company announced receipt of a variation order worth ₹1.05 crores on December 22, 2025, through a regulatory filing under SEBI Regulation 30.

Order Details and Scope

The comprehensive order encompasses multiple technical services for railway infrastructure development. The project details are outlined below:

Project Specifications

The order involves critical railway infrastructure components designed to enhance passenger experience and operational efficiency. The scope includes:

• Supply of telecom assets for railway communication systems
• Installation of passenger amenity infrastructure
• Comprehensive testing and commissioning services
• Coverage across seven stations in Nagpur Division

The project falls under the government's Amrit Bharat Scheme, which focuses on modernizing railway infrastructure and improving passenger facilities across the Indian railway network.

Order Classification and Structure

The company provided detailed information about the order characteristics as required under SEBI regulations:

Regulatory Compliance

MIC Electronics Limited filed this disclosure in compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company confirmed that no promoter or promoter group companies have any interest in the awarding entity, ensuring arm's length transaction principles.

The order represents a direct award from Central Railway Zone without tender participation, indicating the company's established credentials in railway infrastructure projects. This domestic order adds to the company's growing portfolio in the railway sector, particularly in telecom and passenger amenity solutions.