Penny stock jumps 11% after reporting strong Q3 order book; Check details

Synopsis: Aartech Solonics shares jumped 11% after the company reported a strong Q3 performance, driven by its record PSU and state utility order inflows, including wins from IOCL and Punjab State Power Corporation, alongside entry into 132 kV grid segments and overseas orders from Oman, Qatar, and Africa.

The shares of this company, which specialises in advanced energy applications with a focus on R&D-driven products like bus transfer systems, control relay panels, and ultracapacitors. Serving several industries across many countries, had its share in momentum today following their robust Q3 reports 

With the market cap of Rs 172 crore, the shares of Aartech Solonics Ltd had hit their intraday high at Rs 54.40, gaining more than 11 per cent compared to their previous day’s closing price of Rs 48.90. The shares are trading at a PE of 50.7, whereas their industry PE is at 45.4. 

About the Q3 performance highlights:

Strong Q3 driven by PSU & Utility Order Wins

Reporting a strong third quarter, Aartech Solonics’ performance was spurred by its record order intake from public sector and state utility clients. Notable orders received by the firm were from Indian Oil Corporation, for its high-speed bus transfer system, as well as from Punjab State Power Corporation, for its 66 kV line and transformer protection control panels, establishing its niche in high-voltage power system protection.

Expanding into higher-value and advanced grid segments

The company moved further into more difficult and value-added segments during the quarter by winning its first-ever orders for 132 kV SAS-based panels and receiving initial Control and Relay Panel mandates from various state utilities. These wins expand Aartech’s addressable market and indicate a growing acceptance of its capabilities in advanced substation automation. Continued execution subsequent to the Mandideep facility fire highlights operational resilience.

International momentum and global recognition

Aartech’s global presence also got further strengthened by their major orders in Oman and Qatar. This included the delivery of critical limiting protection systems and the fulfilment of their first export order for control and relay panels to Africa. In parallel with these developments, their Bestcase Enclosures business unit has been identified among the top 25 plastic enclosure manufacturers around the world.

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Financials and more

The revenue from operations for the company stands at Rs 11.7 crores in Q2 FY26 compared to Q2 FY25 revenue of Rs 9.41 crores, up by about 19 per cent YoY.  Similarly, the net profit stood at Rs 2.15 crore in Q2 FY26, up from Rs 1.51 crore in Q2 FY25.

The company has a diverse client base encompassing government organisations, public sector undertakings (PSUs), and major global MNCs, as well as large conglomerates associated with the power sector, oil & gas, cement, metals, chemicals, infrastructure, and the defence sector. It is clear that the inclusion of NTPC, IOCL, BPCL, HPCL, Siemens, Schneider Electric, JSW, Tata Group companies, BHEL, and various state electricity boards & defence organisations establishes the company’s integrity as well as the capacity to handle the most challenging technologies and requirements.

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