Penny Stock Below Rs 50 Hits Upper Circuit as H1 FY27 Net Profit Reaches Nearly 6 Times Entire FY26 Profit
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Company reported approximately Rs 88.06 crore in revenue from operations during FY26, meaning that its first six months of FY27 have already generated revenue equivalent to more than 94 per cent of the preceding full year's turnover. More significantly, the Rs 19.77 crore net profit reported for H1FY27 is nearly six times the Rs 3.34 crore recorded for the entire FY26 financial year.
✨ Key Takeaways
SC Agrotech operates in agricultural raw material trading alongside disclosed agri-input and allied activities, following a sharp scale-up in FY26 when revenue reached Rs 88.06 crore. The company has now reported first-half FY27 revenue of Rs 83.11 crore and profit after Tax (PAT) of Rs 19.77 crore for the six months ended September 30, 2026.
The first-half revenue was already 94.4 per cent of FY26 revenue, while PAT was nearly 5.9 times the Rs 3.34 crore reported for the full previous financial year. The numbers indicate a marked expansion in trading activity and profitability, although the sustainability of margins and cash conversion remains central to the assesSMEnt.
For the September quarter, revenue jumped to Rs 45.26 crore, up 802 per cent YoY from Rs 5.02 crore and 19.6 per cent higher QoQ. The reported profit before tax of Rs 13.67 crore and PAT of Rs 10.74 crore, compared with Rs 0.28 crore and Rs 0.21 crore, respectively, a year earlier.
However, the company’s October 29, 2026, BSE submission, referring to unaudited standalone results disclosed on October 28, 2026, stated September-quarter PAT of Rs 10.21 crore while retaining the same revenue figure. The Rs 0.53 crore difference is material because the investor presentation carried draft and approval notices requiring the quarterly figures to be reconciled before public distribution.
Working capital has expanded alongside reported earnings. Trade receivables stood at Rs 122.60 crore on September 30, 2026, against Rs 54.16 crore at March-end. Operating cash flow for the first half was Rs 0.09 crore negative despite PAT of Rs 19.77 crore. The company has identified collections, customer ageing and conversion of earnings into cash as management priorities.
SC Agrotech is also outlining AgriBridge, a proposed digital platform intended to connect farmers, supply intelligence and institutional buyers. The initiative remains a stage-gated concept and is not a commercial launch or a booked revenue stream. Its suggested 7 per cent to 9 per cent blended take-rate remains a working assumption rather than achieved economics.
As of 10:43 am on October 29, 2026, SC Agrotech shares were trading at Rs 37.38, up 5 per cent from the previous close of Rs 35.60. The stock was about 14.1 per cent below its 52-week high of Rs 43.50, while remaining substantially above its 52-week low of Rs 14.82. Over one year, the shares have gained 86.88 per cent, compared with a 9.01 per cent decline in the BSE 500 over the same period.
Disclaimer: The article is for informational purposes only and not investment advice.