Penny Stock Under ₹5 Hits Upper Circuit; Spright Agro Profit Jumps 46%

Penny Stock Under ₹5 Hits Upper Circuit; Spright Agro Profit Jumps 46%

Stock Market Update: Shares of Spright Agro Limited, a BSE-listed penny stock trading under ₹5, locked in the upper circuit on Friday following the release of its Q1 FY26 financial results. The small-cap agri-tech firm, with a market capitalization of approximately ₹240 crore, posted a 46.63% year-on-year (YoY) increase in net profit, triggering a surge in investor interest.

The rally comes just weeks after the stock had hit a 52-week low of ₹2.07, highlighting renewed bullish sentiment. Market participants anticipate continued traction as momentum builds around the stock's improved financial performance.

Spright Agro Q1 FY26 Financial Highlights

Headquartered in Ahmedabad, Spright Agro is engaged in contract farming and greenhouse-based agriculture solutions. The company delivered a strong earnings performance for the quarter ended June 30, 2025, showing solid growth both annually and sequentially:

• Net Profit (Q1 FY26): ₹62.16 crore

• Net Profit (Q1 FY25): ₹42.40 crore

• YoY Growth: 46.63%

• Net Profit (Q4 FY25): ₹3.13 crore

• Quarter-on-Quarter Growth: Over 19x

The impressive results reflect improved operating efficiency, a boost in top-line revenue, and strong execution capabilities in a growing agriculture-technology market.

Management Outlook on Q1 Performance

Spright Agro’s leadership commented:

“Delivering a 46.63% YoY increase in net profit reinforces our commitment to operational excellence and sustainable business practices. We are focused on leveraging innovation and partnerships to accelerate long-term growth and shareholder value.”

Successful Rights Issue Strengthens Capital Base

In June 2024, Spright Agro completed a ₹44.87 crore Rights Issue, aimed at strengthening its financial base and funding business expansion.

• Shares Offered: 33.48 lakh equity shares

• Issue Price: ₹13.40 per share (face value ₹1)

• Ratio: 1:15 (one new share for every 15 held)

• Record Date: June 7, 2024

• Listing Date: June 30, 2024

• Oversubscribed: 1.16x with bids totaling 3.87 crore shares

The proceeds were allocated toward working capital, general corporate purposes, and issue-related costs, further boosting investor confidence and ensuring adequate liquidity for growth initiatives.

Strategic Vision and Market Positioning

Spright Agro’s long-term vision is to become a global leader in sustainable agri-food innovation, offering advanced farming solutions that address food security and environmental challenges.

By integrating technology with agriculture, the company aims to:

• Promote responsible food production

• Expand its contract farming ecosystem

• Strengthen its presence in greenhouse cultivation

• Generate consistent value for shareholders

With a solid capital structure, strong profitability, and sectoral tailwinds, Spright Agro is emerging as a high-potential penny stock to watch in 2025, particularly within India’s booming agriculture-tech space.