Bartronics India Shares Hit 10% Upper Circuit After Securing Agreement with PSU Bank

Synopsis: Automatic Identification & Data Capture (AIDC) solutions provider has announced the signing of a Service Level Agreement (SLA) with Maharashtra Gramin Bank. The stock has delivered a compounded return of 37 percent over the past three years.

An Information Technology company that  provides Automatic Identification & Data Capture (AIDC) solutions saw its stock hit the upper circuit after the company revealed a long-term SLA to expand Maharashtra Gramin Bank’s rural banking network. Additionally, the company reported a 433 percent YoY revenue growth in Q3FY26.

With a market cap of Rs 365 Cr,Bartronics India Ltd saw its stock hit the upper circuit with an intraday high of Rs 11.96 which is 10 percent higher than the previous close of Rs 10.88. The company stock has given a compounded return of 37 percent in the last three years.

News

On Wednesday, Bartronics India Ltd went to the exchange to announce that the company has signed a long-term SLA to scale Maharashtra Gramin Bank’s rural banking network. SLA stands for Service Level Agreements, under which Bartronics will be providing long-term technology and operational support to manage and expand the bank’s rural banking network, ensuring service quality, system uptime, and wider digital banking access.

At the same time, the company has formed a strategic partnership with Origo, a nationwide post-harvest and agri-infrastructure platform. This collaboration is focused on combining warehousing, warehouse receipt financing, and commodity trading services with Bartronics’ rural network to support scalable and more efficient agricultural trade operations.

The company is building India’s largest rural platform, integrating finance, agriculture, commerce, and climate solutions. It aims to reach 5,000 villages through a rural super-network, creating an agriculture data company and a unified rural operating system powering food, climate, and rural commerce across India.

Q3FY26 Result

In the latest quarterly result the company has seen its revenue from operations increase by 433 percent YoY, from Rs 9 Cr in Q3FY25 to Rs 48 Cr in Q3FY26, while the QoQ increased by 300 percent from Rs 12 Cr. The company made a net loss of Rs Rs 32 Lakh in Q3FY25 but this turned around to become a Net profit of Rs 2 Cr in Q3FY26, and also grew by 100 percent on QoQ basis from 1Cr net profit in Q2FY26.

In 9M numbers of the fiscal year, the company saw its revenue from operations increase by 122 percent YoY, from Rs 31 Cr in 9MFY25 to Rs 69 Cr in 9MFY26. The net profits for the same period grew by 375 percent going from Rs 81 L to Rs 3.8 Cr.

The company has a 3 year sales CAGR of negative 15 percent, while the TTM is at 80 percent. The company’s 3 year profit CAGR is at 26 percent, while the TTM number is at 65 percent. 

Bartronics India Ltd is an Indian IT and technology solutions company incorporated in 1990 and headquartered in Hyderabad, Telangana. The company operates across IT services, identification and data capture technologies, financial inclusion, agritech and healthtech solutions, catering to government, enterprise and rural markets across India.

As of the latest quarter the company launched Project Avio in December 2025. Its agri-tech layer covers agri-commerce, trade finance, smart retail, and crop advisory, supported by a 15-year-old Bartronics rural banking network spanning 7 banks, 10 states, and 5,000 villages.

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