Synopsis:
Space Incubatrics Technologies Limited, a Penny IT Stock, reports 67,400% YoY revenue growth and a 23,800% QoQ net profit surge in Q2 FY26 results.
This Penny IT Stock, engaged in developing data communications services, incubation facilities, training, and value-added services for app development and startup support, hit a 5 percent upper circuit after the company reported September quarterly results with a 67,400 percent YoY increase in net profit.
With a market capitalization of Rs. 7.65 crores, the shares of Space Incubatrics Technologies Limited hit a 5 percent upper circuit of Rs. 2.21 per share on Monday, up from its previous closing price of Rs. 2.11 per share.
Q2 FY26 Result Walkthrough
Coming into the quarterly results of Space Incubatrics Technologies Limited, the company’s consolidated total income increased by 67,400 percent YOY, from Rs. 0.03 crore in Q2 FY25 to Rs. 20.25 crore in Q2 FY26, and grew by 13,400 percent QoQ from Rs. 0.15 crore in Q1 FY26.
In Q2 FY26, Space Incubatrics Technologies Limited’s consolidated net profit has turned from negative to positive, reaching a net profit of Rs. 9.56 crore compared to a net loss of Rs. 0.03 crore during the same period last year. As compared to Q1 FY26, the net profit has increased by 23,800 percent, from Rs. 0.04 crore. The basic earnings per share increased by 21,146.15 percent and stood at Rs. 2.762 as against Rs. 0.013 recorded in the previous quarter in the financial year 2026.
In terms of return ratios, the company’s ROCE and ROE stand at -1.57 percent and -1.68 percent, respectively. Space Incubatrics Technologies Limited has an earnings per share (EPS) of Rs. 2.77, and its debt-to-equity ratio is 0.06x.
Company Overview
Space Incubatrics Technologies Limited (SITL) was incorporated in June 2016 and is headquartered in Muradnagar, Ghaziabad, Uttar Pradesh. The company was established to provide various IT services with a specialization in developing data communications, incubation facilities, and training programmes related to application development for the Indian software industry.
The company primarily offers services that cater to startup units in the software sector. Its operations include import and export of software, supporting incubator programs that nurture innovative tech talent, and providing technical training for skill development.
Space Incubatrics Technologies Limited has also indicated recent intentions to diversify into the textile sector and trading activities in various types of goods, broadening its operational scope beyond traditional IT and software services.
Written By – Nikhil Naik
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