Monday, October 20, 2008

MIC Electronics Q2 net up two-fold at Rs 25.56 cr

Mumbai, Oct 20 : MIC Electronics today announced a consolidated net profit of Rs 25.56 crore for the second quarter ended September 30, more than two-fold growth over corresponding period a year-ago.


The company had a net profit of Rs 11.14 crore for the same quarter last year, MIC Electronics Ltd said in a filing to the Bombay Stock Exchange.


The consolidated total income of the company rose to Rs 99.38 crore in the quarter under review from Rs 87.38 crore in the year-ago period.


On the standalone basis, the company posted a net profit of Rs 23.44 crore for the September quarter of current fiscal, a more than two-fold per cent growth, against Rs 9.84 crore for the same period last financial year.


Shares of the company closed at Rs 50.65, down 594 per cent on the BSE.

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