Synopsis: This agriculture stock hit an upper circuit, soon after the company announced its Q3 stating the company turning profitable after being loss making for the past quarters.
A micro cap company that apart from trading in Agricultural tools and equipment also manufactures Forged Rings has seen its stock surge by 5 percent, soon after the company announced its Q3FY26 result that highlighted the company’s 8587 percent YoY growth in 9M profits, along with turning into a profitable company.
With a market cap of Rs 16 Cr, Galaxy Agrico Exports Ltd saw its stock almost hit the Upper Circuit of Rs 58.73 which is 5 percent higher than the previous close of Rs 55.94.
The Q3FY26 Result
When Galaxy Agrico Exports Ltd announced its latest result, it stated that the company has turned profitable in Q3 FY26, by reporting a net profit of Rs 5.3 Cr after previous quarters of losses of Rs 22 Lakh in Q2FY26 and Rs 8 Lakh in Q3FY25, driven largely by an exceptional item in the P&L statement that was of Rs 5.7 Cr value.
The company’s 9MFY26 profits skyrocketed by an impressive 8,587 percent YoY, going from Rs 5.7 L in 9MFY25 to Rs 4.98 Cr in 9MFY26. While Q3 FY26 revenue of Rs 75 L were slightly lower than the Rs 98 L in earlier quarters, they remained in line with Q3 FY25’s Rs 74 L.
Apart from the, Rs 5.7 Cr exceptional item, the financial notes mentioned that- the company completed the sale of a business unit, to Forgex Rings Pvt expecting Rs 9.25 Cr in consideration.
Adding to the financial notes point stating that the company is waiting Rs 9.25 Cr from Forgex Rings Pvt., and is expecting to utilise these funds on setting up new businesses, with the Agri Minister urging state governments to fast track budget allotments, these funds could fuel future growth opportunities for the company.
Headquartered in Gujarat and incorporated in 1992, Galaxy Agrico Exports Ltd is engaged in the manufacturing of forged rings and the trading of agricultural tools and equipment, serving domestic and export markets.
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