Several newly listed companies experienced significant market rallies on Wednesday, October 7, following their first quarter FY27 results announcement. ARCIL shares hit the 10% upper circuit at a 52-week high of ₹160.31 per unit on the NSE amid a weak market, while Kanohar Electricals rallied as much as 20% to reach a 52-week high of ₹1,131 per equity share. These strong performances reflect investor confidence in the companies' robust quarterly financial results and growth trajectories since their September 2026 debuts.
ARCIL delivered exceptional financial results for Q1 FY27, with the company posting a 107.21% year-on-year surge in standalone profit after tax to ₹143.14 crore compared with ₹69.08 crore in Q1 FY26. The company's revenue from operations jumped 132.46% YoY to ₹274.03 crore in Q1 FY27, up from ₹117.87 crore in the same period last year, supported by robust growth in income. Total income stood at ₹276.07 crore for the reporting quarter, marking a 118.76% YoY increase from ₹126.20 crore in Q1 FY26. The company had listed at ₹139 on September 17, 2026, marking a flat debut.
Kanohar Electricals reported impressive Q1 FY27 results, with profit after tax growing 145% YoY to ₹27 crore compared with ₹11 crore in the year-ago period. The transformer maker clocked revenue from operations of ₹137 crore, registering a 104.5% YoY rise from ₹67 crore in Q1 FY26. The company's EBITDA climbed 160% YoY to ₹39 crore in Q1 FY27, with EBITDA margin expanding to 28.3% from 22.8% in Q1 FY26. The transformers segment contributed 85.2% to the revenue mix, while the EPC business made up the remaining 14.8%. Management has set a target of ₹950 crore revenue for FY27 with similar EBITDA margin profile.
Glass Wall Systems India declined 7.6% to touch an intraday low of ₹254.70 after reporting mixed Q1 FY27 results. While revenue from operations rose 35.8% YoY to ₹107 crore, the company's consolidated PAT fell 7.7% YoY to ₹17 crore from ₹19 crore in the previous year. Veegaland Developers fell 3.4% to ₹143.65 despite strong results, with PAT surging 202.83% YoY to ₹9.72 crore and revenue rising 79.1% YoY to ₹74.32 crore. The company's EBITDA grew more than twofold YoY to ₹14.31 crore with EBITDA margin expanding to 18.93% from 14.52% last year.
