200 per cent jump in net profit: This multibagger company reported stellar quarterly results and receives order worth Rs 4.39 crore from Indian Railways!

The stock is up by 90 per cent in just 1 year and gave multibagger returns of 1,680 per cent in 2 years and over 2,400 per cent in 3 years.

MIC Electronics Ltd is a global leader in the design, development & manufacturing of LED Video Displays, high-end electronic and telecommunication equipment and development of telecom software, announced its Quarterly Results for the first quarter ended June 30, 2023. Details below:

According to the quarterly results:

Revenue from Operations grew by 241.32 per cent from Rs 2.42 crore in Q1FY23 to Rs 8.26 crore in Q1FY24.

EBITDA skyrocketed by 383.78 per cent from Rs (0.74) crore in Q1FY23 to Rs 2.10 crore in Q1FY24. 

PAT skyrocketed by 200 per cent from a net loss of Rs 1.24 crore in Q1FY23 to a net profit of Rs 1.24 crore in Q1FY24.

Recently, the company received an order worth Rs 4,39,13,106.80 (Rs 4.39 crore) from the Delhi Division of Northern Railway Zone - Indian Railways. The order includes providing passenger amenities (Telecom) and expansion of an information system to facilitate Divyangjan and utility shifting in connection with the Amrit Bharat Station scheme in various stations of Delhi Division. Additionally, the company have bagged multiple orders from Indian Railways in the financial year 2023-2024.

MIC Electronics has a market cap of Rs 525 crore with a 5-year stock price CAGR of 54 per cent. On July 17, 2023, shares of the company were locked in a 2 per cent upper circuit to Rs 23.49 per share (Currently, the shares are not trading on the exchanges; BSE Scrip Code: 532850 NSE Scrip Code: MICEL)

The stock is up by 90 per cent in just 1 year and gave multibagger returns of 1,680 per cent in 2 years and over 2,400 per cent in 3 years. Investors should keep an eye on this micro-cap stock.

Disclaimer: The article is for informational purposes only and not investment advice.