Now Reading: Penny stock A-1 Ltd jumps on Rs 38.7 crore Solar Group order
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Penny stock A-1 Ltd jumps on Rs 38.7 crore Solar Group order
A-1 Limited, a penny stock trading under Rs 10, received a supply order worth Rs 38.70 crore from Solar Group of Industries for acids and industrial chemicals. The order must be executed…
The Story in Brief
A-1 Limited, a penny stock trading under Rs 10, received a supply order worth Rs 38.70 crore from Solar Group of Industries for acids and industrial chemicals. The order must be executed by October 31, 2026, providing revenue visibility for Q2 and Q3 of FY27. The company said Solar Industries India is a customer and the latest order reflects continued confidence in its product quality.
For Q1FY27, A-1 reported consolidated net profit of Rs 3.16 crore, a 426% year-on-year jump from Rs 0.60 crore. Revenue from operations rose 170% to Rs 175 crore. In June, the company was also appointed as the primary authorised dealer by Ishan Dyes and Chemicals for sulphur-based chemicals.
The Indian Opinion
The 426% profit jump and the new order both look impressive on paper, but penny stocks with tiny revenue bases can swing wildly. The real test is whether A-1 can sustain this growth beyond the current order pipeline. Watch its Q3 FY27 numbers to see if the Solar Group deal and Ishan Dyes dealership actually translate into repeat business, not just one-off wins.
Source: livemint.com
This story was synthesised by AI from the source linked above.
