Large-cap stocks have the power to shape entire industries thanks to their size and widespread influence.
While large-cap companies generally have stronger financials and established market positions, they are not immune to broader economic pressures. So far in 2026, rising geopolitical tensions have pushed up energy, commodity and freight costs, putting pressure on corporate margins and profitability.
Here are 5 large-cap companies that reported over 100% YoY growth in profit in Q1 FY27. All these companies have a market capitalisation of over Rs 1,00,000 crore (Rs 1000 billion), placing them firmly in the large-cap category.
#1 JSW Steel
First on the list is JSW Steel.
JSW Steel is the flagship business of the multi-billion-dollar JSW Group.
It is one of India’s leading integrated steel manufacturers and a major global player in the sector, with a domestic and international crude steel capacity of around 37.9 million tonnes per annum (MTPA).
In the June 2026 quarter, the company reported robust numbers.
According to the company’s exchange filing, revenue from operations came in at Rs 473.6 billion (bn), up 9.7% from Rs 431.5 bn in the year-ago quarter.
Net profit jumped 112% year-on-year to Rs 46.9 bn, compared with Rs 22.1 bn a year earlier. The improvement was supported by higher steel prices and stronger operating performance.
| Particulars | June 2026 | June 2025 | YoY Growth |
| Net Profit (Rs bn) | 46.9 | 22.1 | 112% |
These numbers were aided by higher steel prices.
Going forward, the company through a 50:50 joint venture with Japan’s JFE Steel for its BPSL steel business. The partnership combines JSW Steel’s expertise in India with JFE’s technological capabilities and aims to expand the Sambalpur operations from 4.5 MTPA to 10 MTPA by 2030.
#2 Eternal
Next on the list is Eternal.
Eternal Ltd. (formerly known as Zomato Limited) is a technology-driven platform operating primarily in the food services and quick commerce sectors.
The company’s core business revolves around connecting customers, restaurant partners, and delivery partners, while also providing a comprehensive one-stop procurement solution for its restaurant network.
The company reported robust numbers in the June 2026 quarter.
According to the exchange filing, revenue for the June 2026 quarter came in at Rs 205.9 bn, up 173.7% from Rs 75.2 bn a year earlier.
While revenue more than doubled, the net profit stole the show.
Net profit for the quarter jumped 268% to Rs 0.92 bn, up from Rs 0.25 bn a year back.
| Particulars | June 2026 | June 2025 | YoY Growth |
| Net Profit (Rs bn) | 0.92 | 0.25 | 268% |
This was as the average monthly transacting customers increased 18.77% to 27.2 million (m) in Q1 FY27, compared with 22.9 m in Q1 FY26.
Further, the adjusted EBITDA margin, as a percentage of NOV, improved to 5.6% during the quarter, with the business delivering an absolute adjusted EBITDA of Rs 6.1 bn, a 155% YoY growth.
Going forward, the company aims to expand its quick commerce arm Blinkit.
#3 Hindustan Zinc
Next on the list is Hindustan Zinc.
Hindustan Zinc is the world’s largest integrated zinc producer and among the top five silver producers globally.
The company supplies its products to more than 40 countries and holds around 75% of the primary zinc market in India.
The company delivered its strongest-ever financial performance in the June 2026 quarter.
In Q1 FY27, Hindustan Zinc reported its best-ever revenue from operations of Rs 137.47 bn, up 77% YoY.
EBITDA reached a record Rs 80.74 bn, marking a 109% YoY.
Net profit also hit an all-time high of Rs 54.69 bn, up 145% YoY.
| Particulars | June 2026 | June 2025 | YoY Growth |
| Net Profit (Rs bn) | 54.69 | 22.32 | 145% |
The strong performance was supported by the company’s highest-ever first-quarter mined metal production of 268 thousand tonnes and its lowest-ever quarterly zinc cost of production of US$851 per tonne. According to the company, this reflected sustained operational excellence, disciplined cost management and strong competitiveness.
Going forward, Hindustan Zinc is progressing with its 10 MTPA tailings reprocessing plant at Rampura Agucha.
Major supply orders have been placed and construction has commenced, with the project expected to be completed by Q4 FY28.
#4 Hitachi Energy India
Next on the list is Hitachi Energy India.
Hitachi Energy India Limited is a market leader in power grid technologies and electrification solutions in India. The company originated from ABB’s power grids business before being rebranded under the global Hitachi Energy joint venture.
Hitachi Energy India reported a strong set of numbers in Q1 FY27.
Revenue from operations rose to Rs 24.94 bn in the reporting quarter, compared with Rs 14.79 bn in the same period a year ago.
The number that stole the spotlight was net profit, which more than doubled year-on-year to Rs 2.94 bn in Q1 FY27, compared with Rs 1.32 bn in the same quarter of the previous fiscal.
| Particulars | June 2026 | June 2025 | YoY Growth |
| Net Profit (Rs bn) | 2.94 | 1.32 | 123.5% |
During Q1 FY27, orders stood at Rs 50.97 bn.
The company said its growth momentum continued in the opening quarter of FY27, resulting in its highest-ever order backlog of Rs 322.22 bn.
Looking forward, the company has announced an additional capital expenditure of about Rs 20 bn for a new power transformer facility in Gujarat, part of a broader Rs 40 bn expansion plan.
#5 BHEL
Last on the list is BHEL.
Bharat Heavy Electricals Limited (BHEL) is one of India’s largest engineering and manufacturing companies.
The company is engaged in the design, engineering, construction, testing, commissioning and servicing of a wide range of products and services, with more than 180 product offerings catering to the needs of India’s core sectors.
BHEL has 16 manufacturing facilities across India and a presence in more than 90 countries across all six inhabited continents.
The company reported a sharp turnaround in its June 2026 quarter earnings. Revenue from operations grew 40.3% year-on-year to Rs 76.98 bn, compared with Rs 54.87 bn in the same quarter last year.
The company reported a consolidated net profit of Rs 3.77 bn, reversing a net loss of Rs 4.56 bn in the year-ago quarter.
| Particulars | June 2026 | June 2025 | YoY Growth |
| Net Profit (Rs bn) | 3.77 | -4.56 | Turnaround |
The improvement was supported by higher revenue and a turnaround in the power business.
The power segment remained the key growth driver, with revenue rising 51.8% year-on-year to Rs 59.20 bn, compared with Rs 38.99 bn a year earlier. The segment accounted for nearly 77% of BHEL’s total revenue during the quarter.
Going forward, BHEL is looking to diversify beyond thermal power, with nuclear power, coal gasification, green hydrogen, HVDC transmission, green energy corridors, defence and rail mobility emerging as key areas of focus.
Conclusion
The strong profit growth reported by these large-cap companies highlights that even established businesses can deliver significant earnings growth despite a challenging market environment.
However, a sharp rise in quarterly profit alone should not be the only reason to invest in a stock. Investors should also consider valuations, future growth prospects, financial strength and their own risk appetite before making an investment decision.
Investors should evaluate the company’s fundamentals, corporate governance, and valuations of the stock as key factors when conducting due diligence before making investment decisions.
Happy investing.
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