With the Q4FY26 earnings season ending this week, a select group of BSE-listed companies with market capitalisation above Rs 2,500 crore stood out by delivering a rare combination of triple-digit growth in both profit and revenue, signalling strong underlying business momentum rather than merely a low-base-led earnings spike.
An Ace Equity data analysis by ETMarkets revealed 19 companies that posted profit after tax (PAT) growth of up to 6,613% while witnessing revenue growth of up to 888% in Q4FY26.
Raymond Realty emerged as the biggest outperformer based on both topline and bottom-line growth. The sharp growth reflected strong execution and buoyant demand in the real estate sector during the quarter.
63 Moons Technologies also posted exceptional financial performance, with revenue soaring 884% and PAT rising 107%. Defence-linked Sigma Advanced Systems delivered 469% revenue growth alongside a 609% increase in PAT, while Lloyds Metals & Energy reported 407% growth in revenue and 647% growth in earnings amid strong commodity-linked performance.
Among exchange and financial market-linked companies, Multi-Commodity Exchange of India (MCX) posted 205% revenue growth and 294% PAT growth, aided by elevated trading activity and improved operating leverage.
Renewable energy and infrastructure-linked firms also featured prominently. Onix Solar Energy reported 202% growth in revenue and nearly 3,936% growth in PAT, while Kalpataru and Prestige Estates Projects delivered robust topline and bottomline expansion driven by healthy project execution.
Q4 earnings
If only PAT numbers are considered, Star Health and Allied Insurance Company topped the chart with a whopping year-on-year growth of 21,731%. The company reported a net profit of Rs 111 crore in Q4FY26 versus Rs 50 lakh in the year-ago period. Its revenue rose 14% over the corresponding quarter of the previous financial year.
The data revealed that 118 companies reported PAT growth of over 100% during the quarter.
While 118 companies reported year-on-year PAT growth of over 100% in Q4FY26, only a much smaller set simultaneously managed to more than double both profits and revenues during the quarter.
A handful of firms reported explosive year-on-year PAT growth of more than 1,000% in Q4FY26, including Piramal Finance at 3,946%, Onix Solar Energy at 3,936%, and JSW Cement at 3,683%. Greenlam Industries reported PAT growth of 2,658%, while Signatureglobal (India) posted a 1,785% rise. Sterlite Technologies and JSW Steel also featured on the list with PAT growth of 1,080% and 1,013.13%, respectively.
Companies that posted year-on-year PAT growth of more than 500% but less than 1,000% included Tatva Chintan Pharma Chem with a 902% rise, followed by Kalpataru at 856% and Kesar India at 814%. Samhi Hotels reported a 715% jump in PAT, while Neuland Laboratories and CIAN Agro Industries & Infrastructure clocked PAT growth of 665% and 664%, respectively. Other notable gainers in this bracket included Lloyds Metals & Energy, Shilpa Medicare, CreditAccess Grameen, Hubtown, Sigma Advanced Systems and Sheela Foam.
Other widely tracked stocks that delivered PAT growth of over 100% in Q4FY26 included Tata Investment Corporation, FSN E-Commerce Ventures (Nykaa), Poonawalla Fincorp, Ujjivan Small Finance Bank, NTPC, MTAR Technologies, RBL Bank, Honasa Consumer, Housing & Urban Development Corporation, Bharat Heavy Electricals, Tata Steel, IIFL Finance, NHPC, Muthoot Finance, Sobha, Kalyan Jewellers India, Mazagon Dock Shipbuilders and Coforge.
As for revenue growth, 84 companies in this pack reported topline expansion of up to 88%. Some of these companies included Billionbrains Garage Ventures (Groww), Poonawalla Fincorp, MTAR Technologies, Kalyan Jewellers India, Muthoot Finance, Sobha, Hindustan Copper, IIFL Finance, Coforge, FSN E-Commerce Ventures (Nykaa), Anand Rathi Share & Stock Brokers, Honasa Consumer, Mazagon Dock Shipbuilders and Tata Steel.
The data is as of Tuesday, May 26.
Data inputs from Ritesh Presswala)
(Disclaimer: The recommendations, suggestions, views, and opinions given by the experts are their own. These do not represent the views of The Economic Times.)