Synopsis:
Groarc Industries India Limited, Penny IT stock under Rs. 10, reports 2,790% YoY revenue growth and converted its net loss to net profit in Q2 FY26 results.
This Penny IT stock under Rs. 10, engaged in software development, infrastructure, and real estate business, providing technology and construction solutions across various sectors, hit a 20 percent upper circuit after the company reported September quarterly results with a 2,790 percent QoQ increase in net profit.
With a market capitalization of Rs. 15.80 crores, the shares of Groarc Industries India Limited hit a 20 percent upper circuit of Rs. 7.72 per share on Monday, up from its previous closing price of Rs. 6.44 per share.
Q2 FY26 Result Walkthrough
Coming into the quarterly results of Groarc Industries India Limited, the company’s consolidated revenue from operations increased by 2,248 percent YOY, from Rs. 0.96 crore in Q2 FY25 to Rs. 22.54 crore in Q2 FY26, and grew by 2,789.74 percent QoQ from Rs. 0.79 crore in Q1 FY26.
In Q2 FY26, Groarc Industries India Limited’s consolidated net profit has turned from negative to positive, reaching a net profit of Rs. 0.87 crore compared to a net loss of Rs. 0.22 crore during the same period last year. As compared to Q1 FY26, the net loss turned into a net profit, from Rs. 1.88 crore.
The basic earnings per share turned from negative to positive, and stood at Rs. 0.43 as against Rs. 0.11 recorded in the same quarter in the previous year, FY2025. Groarc Industries India Limited’s revenue and net profit have grown at a CAGR of 166.25 percent and 46.26 percent, respectively, over the last five years.
In terms of return ratios, the company’s ROCE and ROE stand at 2.91 percent and 2.21 percent, respectively. Groarc Industries India Limited has an earnings per share (EPS) of Rs. 0.43, and its debt-to-equity ratio is 0.04x.
Company Overview
Groarc Industries India Limited was incorporated on 13 October 1992 and is headquartered in Chennai, Tamil Nadu. The company was formerly known as Telesys Software Ltd and later Telesys Info-Infra (I) Ltd, before adopting its current name. Over the years, it has diversified its business from software development to include infrastructure and real estate.
The company’s operations originally focused on software development and IT solutions, providing customized applications for sectors such as telecommunications, healthcare, education, and transport.
Written By – Nikhil Naik
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