Newly Listed Stocks in Focus: ARCIL Hits Upper Circuit, Kanohar Rallies 20% After Q1 FY27 Results
Shares of Kanohar Electricals rallied as much as 20% on Wednesday, October 7, to hit a 52-week high of ₹1,131 per equity share on the NSE after the newly listed transformer maker reported a profit after tax (PAT) of ₹27 crore in the June quarter of FY27, a 145% year-on-year increase from ₹11 crore in the year-ago period. The company clocked revenue from operations of ₹137 crore during the quarter, registering a 104.5% YoY rise from ₹67 crore in Q1 FY26. Its transformers segment contributed 85.2% to the revenue mix, while the EPC business made up the remaining 14.8% in the first quarter of the latest fiscal year. At an operational level, EBITDA climbed 160% YoY to ₹39 crore from ₹15 crore in the same quarter of FY26, and the EBITDA margin expanded to 28.3% from 22.8% in the June quarter of FY26. "For FY27, we are targeting revenues of ₹950 crore with a similar EBITDA margin profile as FY26," the management said. The shares had debuted at ₹685.50 per unit on September 16, 2026, reflecting an increase of 8.47% from the IPO issue price of ₹632 per unit, while on the BSE the scrip started trading at ₹672.05 apiece, up 6.34% from the issue price.
Asset Reconstruction Company India (ARCIL) shares hit their 10% upper circuit at a 52-week high of ₹160.31 per unit on the NSE on Wednesday, October 7, amid a weak market. The company, on Tuesday, reported its Q1 FY27 results, posting a 107.21% or two-fold year-on-year surge in standalone profit after tax to ₹143.14 crore during the quarter under review, compared with ₹69.08 crore in the April-June quarter of the 2025-26 fiscal year. ARCIL's revenue from operations jumped 132.46% or more than two-fold YoY to ₹274.03 crore, as against ₹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 the first quarter of FY26. The firm had listed at ₹139 on the stock exchanges, marking a flat debut, on September 17, 2026.
Shares of leading facade manufacturer Glass Wall Systems (India) Ltd declined as much as 7.6% to touch an intraday low of ₹254.70 apiece on October 6, after the company released its latest set of numbers for the first quarter of the financial year 2026-27. The company said that its consolidated PAT fell 7.7% YoY to ₹17 crore in the quarter ended June 2026, from ₹19 crore in the same period of the previous fiscal year. However, its revenue from operations rose 35.8% YoY to ₹107 crore for the reporting period, as against ₹79 crore in the April-June quarter of FY26. Its EBITDA advanced by 9% YoY to ₹23 crore from ₹21 crore, but the EBITDA margin dropped to 21.3% versus 26.6%. As of July 2026, the company has an order book of ₹982 crore. The scrip had debuted on September 16, 2026, at a premium of 7% on the NSE.
Real estate developer Veegaland Developers' stock fell by as much as 3.4% to hit an intraday low of ₹143.65 per equity share on the NSE on Wednesday, despite strong Q1 numbers. The company recorded a PAT of ₹9.72 crore in Q1 FY27, marking a 202.83% YoY surge from ₹3.21 crore in the year-ago period. Its revenue from operations rose 79.1% YoY to ₹74.32 crore during the quarter, compared with ₹41.50 crore in the quarter ended June 30, 2025. The realtor saw its EBITDA grow more than twofold YoY to ₹14.31 crore in the September quarter of the current fiscal year, as against ₹6.10 crore in the same quarter of the preceding fiscal year. Its EBITDA margin expanded to 18.93% for the reporting quarter, from 14.52% last year. The stock had listed at a 10% premium on the exchanges on September 18, 2026.
Shares of several newly listed companies, including ARCIL, Glass Wall Systems, Kanohar Electricals and Veegaland Developers, were in the spotlight on Wednesday, October 7, as they reported their earnings for the first quarter of the 2026-27 financial year. These companies carried out their initial public offering round and were listed on the National Stock Exchange and the BSE (formerly Bombay Stock Exchange) in September 2026.