MIC Electronics bags LoA worth Rs 57 cr from Tirumala Tirupati Devasthanam
The order is for the supply and installation of LED display boards to provide consolidated information to pilgrims at Tirumala.
The project is to be executed within two months from the date of the LoA.
The company confirmed that none of the promoter, promoter group, or group companies have any interest in the awarding entity. It also confirmed that the order does not fall under related party transactions.
MIC Electronics specializes in the design, development, and manufacturing of LED video displays as well as high-end electronics and telecommunications products.
The company's consolidated net profit plummeted by 92.8% to Rs 3.57 crore, despite a significant 95.3% increase in revenue from operations, which rose to Rs 44.85 crore in Q4 FY25 compared to Q4 FY24.
Shares of MIC Electronics surged 15.99% to close at Rs 67.98 on Friday, 6 June 2025.
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