Synopsis:
Shradha AI Technologies shares hit 5% upper circuit after it reported almost double of its previous year’s revenue and net profit.
The shares of this company, which is in the business of trading items such as computers, computer hardware and accessories, and Software Development and maintenance services, are in focus after it reported a stellar Q1 performance.
With a market capitalization of Rs 250 crores, the shares of Shradha AI Technologies are currently trading at Rs 41 per share, representing a 35.6 percent decline from its 52-week high of Rs 63.64 per share. In the last one year, the stock has delivered a return of 9 percent.
Q1 Highlights
Shradha AI Technologies reported a revenue of Rs 6.03 crore in Q1 FY26, up by 100 percent from its Q1 FY25 revenue of Rs 3.01 crore. On a quarterly basis, it surged by 96 percent from Rs 3.07 crore.
Coming to its profitability, the company reported a net profit growth of 93 percent (almost double) to Rs 3.24 crore in Q1 FY26 as compared to Rs 1.68 crore a year ago. On a quarterly basis, it grew by 56.5 percent from Rs 2.07 crore.
It is to be noted that the company is not deriving any revenue from its IT Hardware segment. It is currently deriving 100 percent of its revenue from its software development segment only. Coming to its shareholding structure, 74.66 percent is held by its promoters and the rest is held by the public.
Shradha AI Technologies Limited, located in Nagpur and established back in 1990, specializes in IT consulting, mobile app and website development, as well as data analytics services.
The company also deals in wholesale trading of computers and related hardware. Previously known as Shradha Industries Limited, it rebranded to Shradha AI Technologies in September 2023 to better align with its commitment to technology solutions and information management.
Written by Satyajeet Mukherjee
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