Archive · 20 Nov 2025
Three Indian Companies Double Profits, But Challenges Linger
Three Indian companies—Navin Fluorine, Waaree Renewable Technologies, and ACC—have seen their profits double or multiply in the past year.
However, each faces unique challenges that could impact their future performance and stock prices.
Navin Fluorine's profits surged 150% YoY, driving stock to lifetime highs
Waaree Renewable Technologies' net profit more than doubled, but faces sector risks
ACC's profits jumped five-fold, but stock corrected due to Adani group governance concerns
- Who
- Navin Fluorine, Waaree Renewable Technologies, and ACC
- What
- Doubled or multiplied profits in Q2 FY26
- When
- In the past year
- Where
- India
- Why
- Due to strong performance, sector growth, and strategic initiatives
Optimistic View
Cautious View
Navin Fluorine's Future
Optimistic View
Strong purchase orders, capacity expansion, and higher-margin exports support long-term growth
Cautious View
Negative surprises on contract extensions, timely commissioning, or CDMO growth could lead to stock correction
Waaree Renewable Technologies' Prospects
Optimistic View
Structural drivers remain intact, with nationwide reach and diversified project portfolio
Cautious View
Policy and technology risks, competition, supply-chain risks, and delayed receivables pose challenges
ACC's Performance
Optimistic View
Demand from housing and infrastructure, along with ongoing capex, should drive volume growth and improve margins
Cautious View
Synergies with the Adani group cut both ways, and governance concerns keep the stock under pressure
- Navin Fluorine's Revenue Growth
- 46% YoY to ₹760 crore
- Navin Fluorine's Ebitda Margin
- Expanded from 20.7% to 32.5%
- Navin Fluorine's Profit Growth
- Over 150% to ₹150 crore
- Waaree Renewable Technologies' Net Profit Growth
- More than doubled to ₹116 crore
- ACC's Profit Growth
- Five-fold to ₹1,100 crore