Penny Stock Under Rs 3: The Almost Debt-free Stock Locked in 5% Upper Circuit, Company Posts 17.38% Revenue Growth and 46.63% Net Profit Jump in Q1FY26 Results

Spright Agro Limited, engaged in contract farming and greenhouse technology, has announced its Q1FY26 Quarterly Results, continuing its growth trajectory. The company reported revenue from operations of Rs 62.02 crores, marking a 17.38 per cent year-on-year rise compared to Rs 52.88 crores in Q1FY25. Net profit stood at Rs 9.15 crores, showing a 46.63 per cent increase over Rs 6.25 crores reported in the same quarter last year.

The company’s quarter-on-quarter performance also saw significant improvement. Net income for Q1FY26 was reported at Rs 9.15 crores, rising nearly 19-fold from Rs 0.48 crores in Q4FY25. Management attributed the strong results to operational efficiency and sound financial planning.

Spright Agro Limited has been reinforcing its capital structure to fund growth and operational needs. In June 2024, the company completed a rights issue, raising Rs 44.87 crores by issuing 33.48 lakh equity shares at Rs 13.4 per share in a 1:15 ratio. The issue was oversubscribed by 1.16 times, with proceeds earmarked for working capital, general corporate purposes, and issue expenses.

The company remains focused on strengthening its position in the agriculture sector by pursuing strategic collaborations and sustainable business practices. Its mission centres on providing safe, healthy food while promoting social impact and environmental responsibility. Established in 1994 and formerly known as Tine Agro Limited, Spright Agro Limited operates across agricultural and forestry crop cultivation, greenhouse management, and the trading of agricultural commodities.

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