Penny stock under Rs 2 jumps after net profit grows multi-fold to Rs 4.30 crore
Kiran DSIJCategories: Penny Stocks, Trending
The company has a market cap of Rs 41 crore and the stock is up by 48 per cent from its 52-week low of Re 0.96 per share.
On Tuesday, shares of Unison Metals Ltd jumped 14.52 per cent to Rs 1.42 per share from its previous closing of Rs 1.24 per share with a 3 times Spurt in Volume. The stock has a 52-week high of Rs 2.80 per share and a 52-week low of Re 0.96 per share. The company has a market cap of Rs 41 crore and the stock is up by 48 per cent from its 52-week low of Re 0.96 per share.
Unison Metals Limited has achieved a remarkable financial turnaround in the third quarter of FY26, underscored by a 130 per cent year-on-year surge in revenue to Rs 164 crore. The company’s net profit saw a multi-fold increase, climbing to Rs 4.30 crore from just Rs 37.78 lakh in the previous year's corresponding period. This momentum is reflected in the nine-month performance as well, where revenue reached Rs 410 crore and net profit soared by over 200 per cent, demonstrating robust operational efficiency across its core segments of stainless steel, ceramics and sodium silicate.
A cornerstone of the company’s future growth is the strategic expansion into the specialty chemicals sector with a new Rs 30 crore manufacturing unit in Ahmedabad. This facility, dedicated to producing 38,000 MT of sodium silicate, is designed to be a fully automated and environmentally compliant hub. Expected to commence commercial production by May 2026, the unit is projected to contribute approximately Rs 135 crore in annual revenue. This move towards backward integration aims to serve diverse industries ranging from detergents and pharmaceuticals to food processing and foundry castings.
The impact of this new facility is expected to be transformative for Unison’s balance sheet. Management anticipates that the commissioning will lead to a 100 per cent increase in specialty chemical output, driving a 35 per cent rise in total turnover and a 25 per cent growth in profit after Tax (PAT). By scaling efficiently and competitively, the company intends to capture increasing demand from both domestic and global markets, reinforcing its commitment to innovation and long-term value creation for its stakeholders.
Simultaneously, Unison’s wholly owned subsidiary, Chandanpani Limited, is diversifying its metallurgical portfolio by introducing special stainless-steel grades. By focusing on advanced 300-series and 400-series grades, such as 304 and 316, the subsidiary is positioning itself to supply high-performance industries like automotive, oil & gas and heavy engineering. This strategic upgrade in the melting division is projected to boost the subsidiary’s topline by 50 per cent year-on-year, further strengthening the group's integrated business model and enhancing its presence in high-spec industrial segments.
In addition to these operational milestones, Unison Metals has completed a significant corporate action to enhance liquidity and shareholder accessibility. Following approval at the 35th Annual General Meeting, the company executed a 1-to-10 stock split, reducing the face value of its equity shares from Rs 10 to Rs 1. This move, combined with the aggressive expansion in both chemicals and steel, signals a pivotal phase of accelerated growth as the company evolves into a diversified, innovation-driven industrial manufacturer.
Disclaimer: The article is for informational purposes only and not investment advice.