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Five Large-Cap Indian Companies Report Over 100% Profit Growth
Five very large Indian companies reported much higher profits in the first quarter of FY27.
JSW Steel earned more as steel prices and operations improved.
Eternal, which used to be called Zomato, grew quickly in food delivery and quick commerce.
Hindustan Zinc achieved its best-ever quarterly results, helped by strong production and lower costs.
Hitachi Energy India received more orders for its power-grid products.
BHEL moved from a loss last year to a profit this year.
The companies operate in steel, technology, metals, power equipment and engineering.
Their results show that some large businesses can grow even when costs and economic pressures are challenging.
Investors are still advised to examine valuations, future growth, financial strength and risk before investing.
JSW Steel’s Q1 FY27 net profit rose 112% year-on-year to Rs 46.9 billion, helped by higher steel prices.
Eternal, formerly Zomato, reported a 268% profit increase to Rs 0.92 billion as revenue and customer activity grew.
Hindustan Zinc posted record Q1 FY27 revenue of Rs 137.47 billion and a 145% rise in net profit.
Hitachi Energy India’s net profit increased 123.5% to Rs 2.94 billion, while its order backlog reached Rs 322.22 billion.
BHEL returned to profit with Rs 3.77 billion in Q1 FY27, supported by stronger revenue and growth in its power segment.
- Who
- JSW Steel, Eternal, Hindustan Zinc, Hitachi Energy India and Bharat Heavy Electricals Limited (BHEL).
- What
- The five large-cap companies reported more than 100% year-on-year profit growth or a turnaround to profit in Q1 FY27.
- Where
- The companies are Indian businesses, with operations and facilities in India and, in some cases, international markets.
- When
- The results cover the quarter ended June 2026, compared with the quarter ended June 2025.
- Why
- Performance improved because of factors including higher steel prices, stronger operations, increased revenue, cost control, higher orders and growth in key business segments.
Key facts
- Reporting period
- Q1 FY27, the June 2026 quarter
- Company threshold
- Each company has a market capitalisation above Rs 1,00,000 crore, according to the article.
- JSW Steel profit growth
- Net profit increased 112% year-on-year to Rs 46.9 billion.
- Eternal profit growth
- Net profit increased 268% year-on-year to Rs 0.92 billion.
- Hindustan Zinc profit growth
- Net profit increased 145% year-on-year to Rs 54.69 billion.
- Hitachi Energy India profit growth
- Net profit increased 123.5% year-on-year to Rs 2.94 billion.
- BHEL result
- BHEL reported a consolidated net profit of Rs 3.77 billion, compared with a net loss of Rs 4.56 billion a year earlier.











