Shares of newly listed companies ARCIL and Kanohar Electricals saw significant gains after reporting strong financial results for the first quarter of the 2026-27 fiscal year (Q1 FY27). ARCIL shares hit a 10% upper circuit, reaching a 52-week high, while Kanohar Electricals shares rallied 20%, also marking a 52-week high. These movements highlight investor confidence following impressive profit and revenue growth.
- ARCIL's profit after tax doubled year-on-year to ₹143.14 crore in Q1 FY27.
- Kanohar Electricals' profit after tax grew 145% year-on-year to ₹27 crore.
- Both companies saw more than 100% growth in revenue from operations.
- Other newly listed firms like Glass Wall Systems and Veegaland Developers showed mixed results.
What caused ARCIL shares to hit the 10% upper circuit?
ARCIL, Asset Reconstruction Company India, reported a standalone profit after tax (PAT) of ₹143.14 crore for Q1 FY27, more than double the ₹69.08 crore earned in the same quarter last year. Its revenue from operations increased by 132.46% year-on-year to ₹274.03 crore. This strong financial performance led ARCIL shares to hit the 10% upper circuit at ₹160.31 per unit on the National Stock Exchange (NSE) on October 7, 2026, despite a generally weak market.
How did Kanohar Electricals perform in Q1 FY27?
Kanohar Electricals, a transformer manufacturer, saw its profit after tax rise by 145% year-on-year to ₹27 crore in Q1 FY27, compared to ₹11 crore in the previous year. The company’s revenue from operations more than doubled to ₹137 crore. Its EBITDA increased 160% to ₹39 crore, with the EBITDA margin expanding to 28.3%. The shares surged 20% to a 52-week high of ₹1,131 per equity share on the NSE on October 7, 2026.
What about other newly listed companies?
Glass Wall Systems (India) Ltd experienced a 7.7% decline in consolidated PAT to ₹17 crore in Q1 FY27, despite a 35.8% increase in revenue to ₹107 crore. Its EBITDA rose by 9% to ₹23 crore, but the EBITDA margin dropped to 21.3%. The company had an order book of ₹982 crore as of July 2026.
Veegaland Developers reported a 202.83% increase in PAT to ₹9.72 crore and a 79.1% rise in revenue to ₹74.32 crore in Q1 FY27. Its EBITDA more than doubled to ₹14.31 crore, with the margin expanding to 18.93%. However, its shares fell 3.4% to ₹143.65 per equity share on the NSE.
When did these companies list on the stock exchanges?
ARCIL listed on September 17, 2026, debuting at ₹139 per share with a flat listing. Kanohar Electricals debuted on September 16, 2026, at ₹685.50 per unit on the NSE, an 8.47% increase from its IPO price of ₹632. Glass Wall Systems also listed on September 16, 2026, at a 7% premium on the NSE. Veegaland Developers listed on September 18, 2026, at a 10% premium.
What are the companies' future outlooks?
Kanohar Electricals management targets revenues of ₹950 crore for FY27 with a similar EBITDA margin profile as FY26. The strong quarterly results and positive outlooks suggest these newly listed companies are gaining investor trust and showing potential for growth.
