Waaree Renewable and 4 Other Stocks That Surpassed FY25 Profits in Just 9M of FY26

Synopsis: In the Q3 result season there have been several companies reporting robust results, out of these there even exists some companies that have witnessed a profit growth of upto 420 percent in 9MFY26  profit when compared to the total profit of FY25. This list includes both micro and small cap stocks.

Strong Q3 FY26 earnings of this fiscal year have put light on several outperformers, with select micro and small-cap stocks already surpassing their entire FY25 profit within just nine months. Driven by sharp profit growth and improving operational momentum, these five companies highlight accelerating earnings strength and improving business traction during the ongoing results season.

Mahindra EPC Irrigation Ltd

Mahindra EPC Irrigation Ltd, headquartered in Nashik, Maharashtra, was incorporated in 1986 and operates in micro-irrigation systems such as drip and sprinklers, along with agricultural pumps, greenhouses, and landscape products. The company is part of the Mahindra Group, as a subsidiary of Mahindra & Mahindra Ltd.

In Q3 Mahindra EPC Irrigation saw its 9MFY26 profits stand at Rs 7.9 Cr which surpassed the previous year’s profit of Rs 7.2 Cr by 10 percent, while the YoY growth stood at 722 percent from Rs. 96 lakhs in 9MFY25, the revenue for the same period grew by 16 percent YoY to Rs 205 crore in 9MFY26, from Rs 176 Cr in 9MFY25.

The company saw its revenue from operations increase by 15 percent YoY, from Rs 81.4 Cr in Q3FY25 to Rs 93.4 Cr in Q3FY26, while the QoQ growth stands at 86 percent going from Rs 50Cr in Q2FY26. The net profits grew by 2.3 percent going from Rs 6.3 Cr in Q3FY25 to Rs 6.5 Cr in Q3FY26, while the QoQ growth stood at 1411 percent.

Mangalam Worldwide Ltd

Mangalam Worldwide Ltd is a microcap stock where the company was incorporated in 1995, is engaged in the manufacturing and trading of steel products along with consultancy services. The company primarily deals in stainless steel products and other merchandise. Its headquarters is located in Ahmedabad, Gujarat, India. The company is part of Ahmedabad-based Mangalam Group

In Q3 Mangalam Worldwide Ltd saw its 9MFY26 profits stand at Rs 34 Cr which surpassed the previous year’s profit of Rs 29 Cr by 17 percent, while the YoY growth stood at 62 percent from Rs 21 Cr in 9MFY25. The 9M revenue for the same period grew by 28 percent YoY to Rs 943 crore in 9MFY26, from Rs 736 Cr in 9MFY25.

The company saw its revenue from operations increase by 30 percent YoY, from Rs 269 Cr in Q3FY25 to Rs 350 Cr in Q3FY26, while the QoQ growth stands at 10 percent going from Rs 317 Cr in Q2FY26. The net profits grew by 75 percent going from Rs 8 Cr in Q3FY25 to Rs 14 Cr in Q3FY26, while the QoQ growth stood at 40 percent, growing from Rs. 10Cr in Q2FY26.

Axita Cotton Ltd

Axita Cotton Ltd, incorporated in 2013, operates in the manufacturing, trading, processing, and finishing of cotton bales and yarn. The company is headquartered in Mahesana, Gujarat, India. Axita Cotton Ltd is a micro cap company

In Q3 Axita Cotton Ltd saw its 9MFY26 profits stand at Rs 4.2 Cr which surpassed the previous year’s profit of Rs 1 Cr by 420 percent, while the YoY growth stood at 45 percent from Rs 2.9 Cr in 9MFY25. But here the 9M revenue for the same period fell by 40 percent YoY to Rs 309 crore in 9MFY26, from Rs 512 Cr in 9MFY25.

The company saw its revenue from operations fall by 61 percent YoY, from Rs 228 Cr in Q3FY25 to Rs 89 Cr in Q3FY26, while the QoQ grew by 41 percent going from Rs 63 Cr in Q2FY26. The net profits grew by 8566 percent QoQ going from Rs 3 Lakh in Q2FY26 to Rs 2.6 Cr in Q3FY26, while the company has made a loss of Rs 1.2 Cr in Q3FY25.

Waaree Renewable Technologies Ltd

Waaree Renewable Technologies Ltd is in the small cap space and is a renewable energy company that is engaged in providing solar EPC solutions and developing solar power projects across commercial, industrial, and utility segments. It is part of the Waaree Group and is headquartered in Mumbai, Maharashtra, India.

In Q3 Waaree Renewable Technologies Ltd saw its 9MFY26 profits stand at Rs 322 Cr which surpassed the previous year’s profit of Rs 228 Cr by 41 percent, while the YoY growth stood at 138 percent from Rs 135 Cr in 9MFY25. The 9M revenue for the same period grew by 98 percent YoY to Rs 2229 crore in 9MFY26, from Rs 1121 Cr in 9MFY25.

The company saw its revenue from operations increase by 136 percent YoY, from Rs 360 Cr in Q3FY25 to Rs 851 Cr in Q3FY26, while the QoQ growth stands at 10 percent going from Rs 774 Cr in Q2FY26. The net profits grew by 126 percent going from Rs 53 Cr in Q3FY25 to Rs 120 Cr in Q3FY26, while the QoQ growth stood at 3.4 percent, growing from 116 Cr in Q2FY26.

Mangalore Refinery And Petrochemicals Ltd

Mangalore Refinery and Petrochemicals Ltd is an oil refining and petrochemicals company engaged in processing crude oil into petroleum products. It is a subsidiary of ONGC and a Miniratna PSU, with its headquarters located in Mangalore, Karnataka, India.

In Q3 Mangalore Refinery And Petrochemicals Ltd saw its 9MFY26 profits stand at Rs 1807 Cr which surpassed the previous year’s profit of Rs 56 Cr by 3126 percent, while the YoY grew from a loss of  RS 314 Cr in 9MFY25. But here the 9M revenue for the same period fell by 6 percent YoY to Rs 76661 crore in 9MFY26, from Rs 81676 Cr in 9MFY25.

The company saw its revenue from operations rise by 16 percent YoY, from Rs 25600 Cr in Q3FY25 to Rs 29720 Cr in Q3FY26, while the QoQ grew by 14 percent going from Rs 25952 Cr in Q2FY26. The net profits grew by 369 percent YoY going from Rs 309 Cr in Q3FY25 to Rs 1450 Cr in Q3FY26, while the QoQ growth stood at 131 percent from Rs 627 Cr in Q2FY26.

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