Penny Stock Under Rs 2: Share Price Hits 5% Upper Circuit After Multi-Fold Rise in Revenue and Profit in Q1 FY26

On Thursday share price of Harshil Agrotech Limited jumped 5 per cent to lock in the upper circuit. 

On August 14, 2025, the Board of Directors of Harshil Agrotech Limited held a meeting to announce Quarterly Results.

Harshil Agrotech Limited has announced its unaudited standalone results for the quarter ended June 30, 2025 (Q1 FY26), showcasing a sharp turnaround and multi-fold growth in both revenue and profit. Revenue from operations surged to Rs 59.89 crore in Q1 FY26 from Rs 2.38 crore in Q4 FY25, marking a massive quarter-on-quarter jump of over 24 times, while compared to Rs 11.37 crore in Q1 FY25, the revenue rose more than five-fold. 

Advertisement:

25% OFF on DSIJ's Penny Pick

Net profit stood at Rs 6.53 crore, up from a loss of Rs 0.78 crore in the previous quarter and increasing over seven-fold from Rs 0.90 crore in the year-ago period. EBITDA came in at Rs 8.82 crore, translating into a margin of 14.72 per cent, an improvement from 10.73 per cent in Q1 FY25.

About the Compan

Incorporated in 1972, Harshil Agrotech Limited (formerly Mirchi Technologies Ltd) is engaged in trading agricultural goods, commodities, and agri materials, along with preparing, manufacturing, processing, marketing, importing, exporting, and selling a wide range of agricultural food products such as spices, oil seeds, grains, vegetables, herbs, pickles, and other items derived from farming or related activities.

The company has a market cap of over Rs 94 crore. The company has delivered a good profit growth of 99.6 per cent CAGR over the last 5 years, and the stock price is trading at 0.80 times its book value. The stock is up by 12 per cent from its 52-week low of Rs 1.18 per share.

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