Asset Reconstruction Company's share price surged 10% to hit its upper circuit as well as its record high on the BSE in intraday trade on Wednesday, 7 October, in an otherwise weak stock market. Asset Reconstruction Company shares opened at ₹149 against their previous close of ₹145.70 and jumped 10% to their upper price band and all-time high of ₹160.25. Meanwhile, equity benchmark Sensex declined by 0.75% during the session.
While the stock has been rising for three consecutive sessions now, Wednesday's rise in the stock can be attributed to a 54% year-on-year (YoY) rise in its consolidated profit for the June quarter of the financial year 2027 (Q1FY27).
In an exchange filing on 6 October, the company said its Q1FY27 consolidated profit stood at ₹89.15 crore, up 54.2% from ₹57.83 crore in the same quarter last year and 8.4% from ₹82.23 crore in Q4FY26.
Consolidated total revenue from operations jumped 11.5% year-on-year and 19.8% quarter-on-quarter to ₹234.74 crore.
The company's assets under management (AUM) for FY26 stood at nearly ₹20,150 crore.