Synopsis:The March quarter of FY26 saw several companies report exceptional earnings growth, with profits more than doubling compared to the same period last year. Strong demand, improved operational efficiency, and favorable industry conditions helped these businesses deliver impressive results. Here are five stocks that reported over 100% profit growth in the latest quarter.
Introduction
Strong profit growth is often one of the clearest indicators of business momentum. In the March quarter of FY26, a few companies across different sectors stood out by reporting profit growth of more than 100% year-on-year. Backed by robust revenue growth and improving margins, these companies delivered strong financial performance and attracted investor attention. Let’s take a closer look at five stocks whose profits more than doubled in the last quarter.
Hindustan Copper
Hindustan Copper is India’s only vertically integrated copper producer engaged in mining, beneficiation, smelting, refining, and downstream copper production. The company is strategically positioned to benefit from rising copper demand driven by electric vehicles, renewable energy, power infrastructure, and industrial expansion.
During Q4 FY26, Hindustan Copper reported revenue from operations of Rs.1,156.08 crore, compared to Rs.731.40 crore in Q4 FY25, registering a robust growth of 58.1% YoY. Profit before tax (PBT) surged to Rs.592.21 crore from Rs.259.59 crore, up 128.1% YoY. Profit after tax (PAT) more than doubled to Rs.444.06 crore from Rs.190.54 crore, recording a growth of 133.1% YoY.
With a market capitalization of around Rs.50,130 crore, Hindustan Copper is India’s only integrated copper producer and a key beneficiary of the country’s electrification and energy transition themes. The stock rose from around Rs.222 in April 2025 to nearly Rs.454 by March 2026, delivering an impressive return of about 104% during the period, and it is currently trading at Rs.518.
Multi Commodity Exchange (MCX)
Multi Commodity Exchange (MCX) is India’s largest commodity derivatives exchange, facilitating trading in metals, energy, bullion, and agricultural commodities. It acts as a key platform for price discovery and risk management across commodity markets.
During Q4 FY26, Multi Commodity Exchange of India (MCX) reported income from operations of Rs.888.94 crore, compared to Rs.291.33 crore in Q4 FY25, registering a sharp growth of 205% YoY. EBITDA surged to Rs.702.52 crore from Rs.189.35 crore, reflecting a growth of 271% YoY, while EBITDA margin expanded to 76% from 59%. Profit before tax (PBT) jumped to Rs.683.23 crore from Rs.167.53 crore, up 308% YoY. Profit after tax (PAT) rose to Rs.529.77 crore from Rs.135.46 crore, recording a strong growth of 291% YoY.
With a market capitalization of around Rs.74,000 crore, Multi Commodity Exchange (MCX) is India’s leading commodity derivatives exchange and a key beneficiary of rising participation in commodity markets. The stock surged from around Rs.1,041 in April 2025 to nearly Rs.2,390 by March 2026, delivering an exceptional return of about 130% during the period, and it is currently trading at Rs.2,893.
Billionbrains Garage Ventures (Groww)
Groww has become one of India’s largest retail investment platforms, offering stock investing, mutual funds, ETFs, and other financial products through a digital-first platform. The company has emerged as a preferred choice among young investors and first-time market participants.
Q4 FY26 performance, with total revenue increasing 81% YoY to Rs.1,535.5 crore from Rs.849.6 crore in the corresponding quarter last year. EBITDA jumped 142% YoY to Rs.938.7 crore, while PAT rose 122% YoY to Rs.686.4 crore. The platform continued to scale rapidly, ending the quarter with 21.6 million transacting users and Rs.3 trillion in customer assets, driven by strong growth across stocks, mutual funds, derivatives, and lending products.
With a market capitalization of around Rs.129,675 crore, Billionbrains Garage Ventures has emerged as one of India’s leading fintech platforms through Groww. The stock was listed in November for Rs.131 from the closing price of the day and rose to nearly Rs.161 by March 2026, delivering an impressive return of about 23%, and it is currently trading at Rs.207.
Aditya Infotech
Aditya Infotech, known through its flagship CP Plus brand, is one of India’s leading providers of video surveillance and security solutions. The company offers CCTV cameras, video management systems, AI-enabled surveillance products, and integrated security solutions across residential, commercial, and government segments.
Aditya Infotech delivered an exceptional Q4 FY26 performance, with revenue increasing 45.5% YoY to Rs.1,422 crore. The company reported a sharp improvement in profitability, with EBITDA rising 162.4% YoY to Rs.258.3 crore and adjusted PAT surging 207.7% YoY to Rs.169.1 crore. The strong growth was supported by higher gross margins, operating efficiencies, and increased demand for its surveillance and security solutions portfolio.
With a market capitalization of around Rs.40,000 crore, Aditya Infotech has established itself as a leading player in India’s electronic surveillance and security solutions market through its flagship CP Plus brand. The stock was listed in August and rose from Rs.1,082 from the closing price of the day to nearly Rs.1,800 by March 2026, delivering an impressive return of about 66%, and it is currently trading at Rs.3,366.
Atlanta Electricals
Atlanta Electricals Limited is a leading Indian manufacturer specializing in a diverse range of power, auto, and inverter duty transformers tailored to custom technical specifications. The company serves various state electricity grids, national utilities, and prominent renewable energy projects across 19 states and 3 union territories.
On a consolidated basis, the company reported a strong performance in Q4 FY26, with revenue from operations rising 81.7% YoY to Rs.747.6 crore from Rs.411.5 crore in Q4 FY25. EBITDA surged 117.9% YoY to Rs.149.6 crore from Rs.68.6 crore, while profit after tax (PAT) jumped 128.9% YoY to Rs.102.2 crore from Rs.44.7 crore. EBITDA margin expanded to 20.0% from 16.7%, reflecting improved operating efficiency and strong execution.
With a market capitalization of around Rs.14,111 crore, Atlanta Electricals has emerged as a key beneficiary of India’s power transmission, renewable energy, and infrastructure expansion cycle. Since listing in September 2025, the stock has gained significant investor attention, rising from its initial closing price of the day, Rs.823, to nearly Rs.1,231 by March 2026, delivering a return of about 50%, and it is currently trading at Rs.1,828.
Conclusion
Although these six companies operate in completely different industries, they share one common characteristic: they achieved explosive success by leveraging powerful structural growth trends through their consolidated operations.
- Mazagon Dock capitalized on India’s consolidated defence and naval shipbuilding push.
- Hindustan Copper rode the group-wide global demand cycle for industrial metals and energy transition.
- MCX optimized exchange and clearing revenues via soaring multi-commodity derivatives trading volume.
- Groww capitalized on extensive retail cross-product attachment across capital markets and consumer credit lines.
- Aditya Infotech drove backward component integration to maximize video surveillance margins.
- Atlanta Electricals rode on green transitions and massive multi-year investment cycles in power transmission infrastructure.
Favorable industry tailwinds and superior group execution helped these companies expand their profit margins and deliver significant consolidated value to shareholders during FY26. Their performance between April 2025 and April 2026 reflects the market’s confidence in their long-term growth prospects.
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