BHEL and 4 other stocks that delivered up to 436% net profit growth in Q3 to look out for

Synopsis: BHEL, Vikram Solar, JSW Energy, Dalmia Bharat, and Atlanta Electricals reported 125%–436% YoY Q3 FY26 profit growth, driven by strong revenue, margins, and operating leverage.

Several Indian companies delivered exceptional Q3 FY26 performances in this results season, reporting sharp year-on-year profit growth of upto 436%. Strong operating leverage, improved margins, and healthy demand across power, renewable energy, cement, and electrical equipment segments drove earnings momentum and renewed investor interest in these fundamentally strong stocks.

Here is a curated list of stocks that stood out with remarkable profit expansion, reflecting sectoral tailwinds, execution strength, and improving financial efficiency during the third quarter. Here is the list of stocks with outstanding profit growth

Atlanta Electricals Ltd

Incorporated in 1983, Atlanta Electricals Ltd is a leading Indian manufacturer of power, auto, and inverter-duty transformers. The company specializes in designing, testing, and manufacturing transformers up to 500 MVA and 765 kV, serving 208 customers, including state utilities, Tata Power, and Adani Green Energy.

Financial Highlights: The revenue from operations grew by 80% to Rs 472 crore in Q3 FY26, corresponding to the same quarter in the last financial year. EBDIT grew by 126% to Rs 94.1 crore in Q3 FY26 from Rs 41.6 crore in Q3 FY25. Accompanied by a net profit growth of 125% YoY to Rs 49.4 crore, resulting in an EPS growth of 107 percent YoY to Rs 6.43 per share in Q3 FY26.

Dalmia Bharat Ltd

Dalmia Bharat Ltd is a leading Indian cement manufacturer, ranking as the country’s 4th largest with a ~45 MTPA capacity. Headquartered in New Delhi, it operates 15+ plants, focusing on sustainability, and is one of the lowest-cost producers globally. It serves 23+ states through a 41,000+ dealer network.

Financial Highlights: The revenue from operations grew by 10% to Rs 3,506 crore in Q3 FY26, corresponding to the same quarter in the last financial year. EBDIT grew by 18% to Rs 602 crore in Q3 FY26 from Rs 511 crore in Q3 FY25. Accompanied by a net profit growth of 137% YoY to Rs 128 crore, resulting in an EPS growth of 100 percent YoY to Rs 6.50 per share in Q3 FY26.

Bharat Heavy Electricals Ltd

Bharat Heavy Electricals Ltd is an integrated power plant equipment manufacturer engaged in design, engineering, manufacture, erection, testing, commissioning and servicing of a wide range of products and services for the core sectors of the economy, viz. Power, transmission, Industry, transportation, renewable energy, Oil & Gas and defence.

Financial Highlights: The revenue from operations grew by 16% to Rs 8,473 crore in Q3 FY26, corresponding to the same quarter in the last financial year. EBDIT grew by 79% to Rs 545 crore in Q3 FY26 from Rs 304 crore in Q3 FY25. Accompanied by a net profit growth of 190% YoY to Rs 390 crore, resulting in an EPS growth of 187 percent YoY to Rs 1.12 per share in Q3 FY26.

Vikram Solar Ltd

Incorporated in 2005, Vikram Solar Ltd s a premier Indian solar module manufacturer and integrated solar energy solutions provider, boasting a 4.5 GW production capacity as of late 2025. It specialises in high-efficiency PV modules and, through its subsidiaries, is expanding into Battery Energy Storage Systems (BESS) with a planned 5 GWh capacity, supporting India’s renewable goals.

Financial Highlights: The revenue from operations grew by 8% to Rs 1,106 crore in Q3 FY26, corresponding to the same quarter in the last financial year. EBDIT grew by 142% to Rs 205 crore in Q3 FY26 from Rs 84.7 crore in Q3 FY25. Accompanied by a net profit growth of 436% YoY to Rs 98.2 crore, resulting in an EPS growth of 352 percent YoY to Rs 2.71 per share in Q3 FY26.

JSW Energy Ltd

JSW Energy Ltd and its subsidiaries are primarily engaged in the business of generation of power from its power assets located in Karnataka, Maharashtra, Nandyal and Salboni. It is the holding company for the JSW group’s power business. The company also has a JV company engaged in mining activities and an associate engaged in the manufacturing of turbines

Financial Highlights: The revenue from operations grew by 67% to Rs 4,082 crore in Q3 FY26, corresponding to the same quarter in the last financial year. EBDIT grew by 122% to Rs 2,030 crore in Q3 FY26 from Rs 914 crore in Q3 FY25. Accompanied by a net profit growth of 173% YoY to Rs 529 crore, resulting in an EPS growth of 150 percent YoY to Rs 2.40 per share in Q3 FY26.

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