MIC Electronics shares climb 50% in three sessions on GST rate cut boost

On Wednesday, September 3, the Goods and Services Tax (GST) Council announced the revision of tax rates. The GST Council, headed by Union Finance Minister Nirmala Sitharaman, on Wednesday, September 3, gave thumbs up to a two-tier GST rate structure of 5% and 18%. The new rates will come into effect from September 22, 2025. Since then the stock has seen a huge rally of 52.70% for the last three consecutive sessions.

MIC Electronics, the Hyderabad-based maker of LED (Light Emitting Diode) video displays and LED lighting solutions, will see a lower tax rate of 18% from earlier tax rate of 28% and is seen as a key beneficiary of the rate cut move, analysts said.

The counter began the day at ₹67.69, up from the previous close of ₹65.51. The company’s market capitalisation stands at ₹1,867.12 crore as on September 3. Last seen at 1:01 PM, shares of MIC Electronics were trading 18.23% higher at ₹77.45 apiece on the NSE.

Data show that in the past month, the scrip has zoomed nearly 70% and 21% in the past six months.

Market activity in the stock was notably heavy. Around 3 crore MIC Electronics shares changed hands on September 8, a marked increase compared with the company’s one-month average trading volume of about 45 lakh shares. In the prior session, volumes had spiked to about 6 crore shares.

The council cut the Goods and Services Tax rates on air conditioners and televisions from 28% to 18%, a move investors expect could reduce retail prices and support higher sales and profit for players in the electronics space.

Alongside the GST-driven optimism, MIC Electronics recently secured a contract worth ₹1.73 crore from South Central Railway and Northern Railway for railway-related projects. The contract and the tax-rate change together appear to have contributed to the buying interest and increased turnover in the stock.

The stock had touched its 52-week high of ₹114.79 on September 19, 2024 and its 52-week low of ₹44.20 on August 8, 2025.

MIC Electronics Q1 results:

For the quarter ended June 2025 (Q1FY26), MIC Electronics posted a total revenue of ₹11.75 crore and a net profit of ₹1.67 crore. While the revenue recorded growth over the same period last year, the net profit showed a decline from ₹1.97 crore reported in Q1FY25.

In terms of performance details, the company’s total income for Q1FY26 stood at ₹11.75 crore. Profit before tax came in at ₹1.67 crore, with taxes remaining at ₹0.00 crore, resulting in a net profit of ₹1.67 crore.

On a year-on-year basis, revenue increased from approximately ₹10.93 crore in Q1FY25 to ₹11.75 crore in Q1FY26, whereas net profit declined from ₹1.97 crore to ₹1.67 crore.