Indian Large-Caps Shine: 5 Firms See 100%+ Profit Growth Q1 FY27
By Business Desk
Discover the 5 Indian large-cap companies, including JSW Steel & Eternal, that reported over 100% YoY profit growth in Q1 FY27, driven by strong market performance.
Five large-cap Indian companies recorded over 100% year-on-year profit growth in the first quarter of fiscal year 2027, demonstrating robust financial performance. These firms include JSW Steel, Eternal (formerly Zomato Limited), Hindustan Zinc, Hitachi Energy India, and Bharat Heavy Electricals Limited (BHEL).
Key Q1 FY27 Performers
JSW Steel, a leading integrated steel manufacturer, saw its net profit more than double, buoyed by favorable market conditions.
- Net profit jumped by 112% to Rs 46.9 billion, driven by higher steel prices and improved operating performance.
Eternal, a technology platform focused on food services and quick commerce, reported significant gains in its net profitability.
- Net profit increased by 268% to Rs 0.92 billion, attributed to a rise in monthly transacting customers and enhanced EBITDA margins.
Hindustan Zinc, a global leader in zinc and silver production, achieved its strongest financial quarter to date.
- Net profit surged by 145% to Rs 54.69 billion, supported by record mined metal production and disciplined cost management.
Hitachi Energy India, a prominent player in power grid technologies, continued its growth trajectory with substantial profit expansion.
- Net profit grew by 123.5% to Rs 2.94 billion, reflecting sustained growth momentum and a record order backlog.
Bharat Heavy Electricals Limited (BHEL), a major engineering and manufacturing entity, reversed previous losses to post a consolidated net profit.
- Consolidated net profit reached Rs 3.77 billion, a turnaround from a net loss in the prior year, primarily due to higher revenue and a revitalized power business.
Beyond Quarterly Gains
While these companies exhibited impressive quarterly earnings growth, investors should exercise caution and conduct thorough due diligence.
It is crucial to consider factors beyond just quarterly profit increases, such as valuations, future growth prospects, overall financial strength, and individual risk appetite before making any investment decisions.