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Waaree Energies and 5 other stocks with revenue growth of up to 403%; Do you own any?

Alex Smith

Alex Smith

2 weeks ago

5 min read 👁 5 views
Waaree Energies and 5 other stocks with revenue growth of up to 403%; Do you own any?

Synopsis: ICICI Prudential, Eternal, and four other stocks reported a solid financial performance in the latest quarter of this financial year, backed by a doubling of sales in Q3.

Most stocks are struggling in this volatile market, but a select few have just delivered impressive Q3 results. We’re seeing sales soar by over 100 percent (double), which is a clear indicator that their businesses are gaining momentum and execution is strong. In this article, we will dive into six companies that reported over 100 percent sales growth in Q3 FY26.

ICICI Prudential Life Insurance Company

ICICI Prudential Life Insurance is an Indian company established in 2000 and headquartered in Mumbai. They offer a variety of life insurance and retirement products, term insurance, savings plans, ULIPs, guaranteed return policies, child education plans, and retirement schemes. They also provide pension and annuity solutions. You can buy their policies through agents, banks, brokers, or directly from their website.

The revenue from operations for ICICI Prudential stands at Rs 22,834 crores in Q3 FY26 compared to Q3 FY25 revenue of Rs 4,536 crores, up by a massive 403 per cent YoY. Coming down to its profitability, the company’s net profit stood at Rs 387 crore in Q3 FY26, up from Rs 325 crore in Q3 FY25, which is a growth of 19 percent YoY. 

Canara HSBC Life Insurance Company

Canara HSBC Life Insurance began in 2007 and is based in Gurugram. They provide life insurance plans for individuals and groups. Their range includes term insurance, child plans, health and accident coverage, ULIPs, as well as pension and regular savings plans. Most of their business is sourced through banks, brokers, corporate agents, and their own digital channels, like their app and website.

The revenue from operations for Canara HSBC stands at Rs 4,202 crores in Q3 FY26 compared to Q3 FY25 revenue of Rs 1,516 crores, up by a massive 177 per cent YoY. Coming down to its profitability, the company’s net profit stood at Rs 28 crore in Q3 FY26, down from Rs 29 crore in Q3 FY25, which is a slight decline of 3 percent YoY. 

Waaree Energies

Waaree Energies Ltd is a leading Indian company in the renewable energy sector, specialising in the manufacture and supply of solar modules and solutions. It caters to both domestic and international markets, providing end-to-end solar energy solutions for power generation, transmission, and distribution, and is recognised for its focus on innovation and sustainability.

The revenue from operations for Waaree Energies stands at Rs 7,565 crores in Q3 FY26 compared to Q3 FY25 revenue of Rs 3,457 crores, up by a massive 119 per cent YoY. Coming down to its profitability, the company’s net profit stood at Rs 1,107 crore in Q3 FY26, up from Rs 507 crore in Q3 FY25, which is a growth of 118 percent YoY. 

Indo Thai Securities

Indo Thai Securities, founded in Indore in 1995, offers investment and stock trading services. They deal in stock broking, mutual funds, IPOs, deposits, bonds, and depository services, and have trading platforms under the “Winstock” brand. In addition to broking, they are active in real estate and environmental technology, mainly serving retail investors, traders, and high-net-worth clients.

The revenue from operations for Indo Thai Securities stands at Rs 28 crores in Q3 FY26 compared to Q3 FY25 revenue of Rs 6 crores, up by a massive 367 per cent YoY. Coming down to its profitability, the company’s net profit stood at Rs 17 crore in Q3 FY26, up from Rs 1 crore in Q3 FY25, which is a growth of 1600 percent YoY. 

Eternal

Eternal Limited, formerly known as Zomato, operates major online platforms such as Zomato for food delivery and Blinkit for quick commerce. They connect customers with restaurants and delivery partners and also supply restaurants through their Hyperpure business. Their District app covers dining out, movies, sports, and event ticketing as well. 

The revenue from operations for Eternal stands at Rs 16,315 crores in Q3 FY26 compared to Q3 FY25 revenue of Rs 5,405 crores, up by a massive 202 per cent YoY. Coming down to its profitability, the company’s net profit stood at Rs 102 crore in Q3 FY26, up from Rs 59 crore in Q3 FY25, which is a growth of 73 percent YoY. 

Jio Financial Services

Jio Financial Services, located in Mumbai, provides a wide range of financial products, lending, investments, insurance broking, and digital payments. They offer loans, digital banking services, UPI and bill payments, and insurance advisory. They are also involved in wealth management, broking, and leasing solutions for both individuals and businesses.

The revenue from operations for Jio Financial Services stands at Rs 901 crores in Q3 FY26 compared to Q3 FY25 revenue of Rs 438 crores, up by a massive 106 per cent YoY. Coming down to its profitability, the company’s net profit stood at Rs 269 crore in Q3 FY26, down from Rs 295 crore in Q3 FY25, which is a decline of 9 percent YoY. 

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