Penny Stock Under Rs 12: This IT Company Reports 210% QoQ Growth in Q1FY26; Net Profit Jumps to Rs 11.14 Crore
DSIJ Intelligence-2Categories: Mindshare, Trending
Net profit for the quarter rose to Rs 11.14 crore, compared to Rs 44.75 lakh in Q4FY25 and Rs 2 lakh in Q1FY25.
Silverline Technologies Ltd, a technology consulting, software, and business solutions company, has announced its unaudited standalone financial results for the quarter ended June 30, 2025 (Q1FY26). The company delivered a sharp rise in both revenue and profitability, reflecting strong momentum in its operations.
For Q1FY26, revenue from operations stood at Rs 100.08 crore, marking a steep increase of over 210 per cent compared to Rs 32.25 crore in Q4FY25. On a year-on-year (YoY) basis, revenue surged more than 100 times from Rs 75 lakh reported in Q1FY25. Net profit for the quarter rose to Rs 11.14 crore, compared to Rs 44.75 lakh in Q4FY25 and Rs 2 lakh in Q1FY25, showcasing robust improvement in bottom-line performance. Earnings per share (EPS) for the quarter were reported at Rs 7.15 per share.
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Commenting on the performance, Mr. Yakin Joshi, Managing Director of Silverline Technologies Ltd, said the strong Quarterly Results reflected the company’s strategic direction, operational discipline, and focus on technology-driven solutions. He emphasised that the company would continue to expand its reach and create long-term value for stakeholders.
Post 2019, Silverline Technologies has been investing in emerging technologies such as SAP, Artificial Intelligence (AI), Machine Learning (ML), Cognitive Computing, Analytics, Intelligent Automation, Blockchain, Internet of Things (IoT), Security, Cloud, and Cyber Security. These initiatives have positioned the company to deliver digital transformation solutions across global markets.
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Silverline Technologies, formerly known as Silverline Industries Ltd, has a legacy of over 28 years in IT services and consulting. It was the first Indian company to be listed on the New York Stock Exchange (NYSE) and was ranked the 7th largest software company in India by NASSCOM in 2002. In its earlier years, the company serviced Fortune 100 clients with over 3,700 consultants globally. Its domain expertise spans industries such as retail, consumer goods, banking, insurance, engineering, manufacturing, automotive, and hospitality, with operations across the United States, India, Canada, UK, Germany, Hong Kong, Japan, and Egypt.
The company’s strong quarterly results may draw interest from investors tracking Small-Cap and mid-cap technology stocks, especially those seeking multibagger opportunities in the IT services space. Silverline’s future outlook could also involve considerations such as dividend announcements, right issue plans, or potential bonus shares, given its significant turnaround.
Disclaimer: The article is for informational purposes only and not investment advice.