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Asset Reconstruction Company Shares Hit 10 Percent Upper Circuit After Q1 Revenue Doubles
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CNBC TV18•07-10-2026, 12:21
Asset Reconstruction Company Shares Hit 10 Percent Upper Circuit After Q1 Revenue Doubles
- •Shares of ARCIL surged 10% to hit an upper circuit for the third consecutive day, reaching a fresh post-listing high of ₹160.31.
- •The company reported a 128% jump in operating revenue to ₹274 crore for the June quarter, driven by strong financial recoveries.
- •Profit after tax for the first quarter more than doubled, surging 107% year-on-year to ₹143.1 crore.
- •Assets under management increased 16% to ₹19,574 crore compared to the previous year.
- •The stock is now trading 15.3% higher than its initial issue price of ₹139 following its market debut last month.
Key Questions Answered
Shares of the Asset Reconstruction Company of India (ARCIL) jumped 10% to hit an upper circuit and reached a fresh post-listing high of ₹160.31 after the company reported strong Q1 earnings.
During the June quarter, ARCIL's revenue from operations rose 128% to ₹274 crore, total income increased 115% to ₹276.1 crore, and its profit after tax (PAT) surged 107% to reach ₹143.1 crore.
The company's revenue and profitability received a strong boost due to robust recovery and write-back income totaling ₹120.1 crore, compared to just ₹3.2 crore in the same period last year.
