Penny Stock Under ₹5 Hits Upper Circuit After Q1 FY26 Results; Net Profit Soars 46% YoY

Penny Stock Under ₹5 Hits Upper Circuit After Q1 FY26 Results; Net Profit Soars 46% YoY

 

Spright Agro Share Price News: Shares of Spright Agro Limited, a BSE-listed penny stock under ₹5, surged to hit the upper circuit on Friday following the announcement of its robust Q1 FY26 results. The agriculture-focused small-cap company, with a market capitalization of approximately ₹240 crore, reported a 46.63% year-on-year (YoY) increase in net profit, igniting strong buying interest among investors.

Notably, the stock had recently touched its 52-week low of ₹2.07 per share on the BSE, making the latest rally a sharp reversal. Market analysts expect the stock to remain in focus on Monday, with bullish momentum likely to dominate the trend.

Spright Agro Q1 FY26 Results: Key Highlights

Ahmedabad-based Spright Agro Limited, known for its expertise in contract farming and greenhouse technology, declared its financial results for the quarter ended June 30, 2025 (Q1 FY26). The company posted impressive growth on both YoY and Quarter-on-Quarter (QoQ) metrics.

• Net Profit (YoY): ₹62.16 crore in Q1 FY26 vs ₹42.40 crore in Q1 FY25 — up 46.63% YoY

• Net Profit (QoQ): ₹62.16 crore in Q1 FY26 vs ₹3.13 crore in Q4 FY25 — over 19x QoQ growth

• The significant improvement in financials is attributed to strong revenue performance, operational efficiencies, and cost control measures.

Management Commentary

In a statement, Spright Agro’s management said:

“We are proud to report a 46.63% YoY growth in net profit, which underlines our strong financial planning and operational efficiency. Moving forward, we are committed to building on this momentum through innovation, sustainability, and strategic partnerships that align with our long-term growth vision.”

Strong Financial Foundation Backed by Rights Issue

To support its aggressive growth plans, Spright Agro raised ₹44.87 crore in June 2024 through a Rights Issue, offering 33.48 lakh equity shares at ₹13.40 per share. The issue, structured in a 1:15 ratio, was oversubscribed by 1.16 times, reflecting investor confidence.

Proceeds from the rights issue were allocated towards:

• Working capital requirements

• General corporate expenses

• Issue-related costs

The issue was listed on BSE on June 30, 2024 and witnessed a total bid quantity of 3.87 crore shares, underscoring strong demand.