Synopsis: In Q3 FY26, companies like One97, TVS Supply, CreditAccess Grameen, and two others achieved strong year-on-year turnarounds, reporting higher sales, surging EBITDA, and significant net profit recoveries.
After a challenging period, several companies have successfully navigated operational hurdles and market pressures, returning to profitability in Q3FY26 compared to the same quarter last year. These turnarounds highlight strategic resilience and the potential for renewed investor confidence.
Several sectors witnessed notable turnarounds, with stocks in digital payments and fintech, logistics, microfinance, and renewable energy posted strong year-on-year recoveries, with higher sales, robust EBITDA growth, and significant net profit gains, marking a clear return to profitability.
One 97 Communications Ltd
One97 Communications Ltd is the parent company of Paytm, one of India’s largest digital payments and financial services platforms. It offers mobile payments, banking, lending, wealth management, insurance, and merchant solutions across India. It has played a major role in promoting digital and cashless transactions in the country.
With a market capitalisation of Rs. 73,737 cr, the shares of One 97 Communications Ltd closed at Rs. 1,152.45 per share, up by 0.7% from its previous close of Rs. 1,144.60 per share.
For Q3 FY26, One 97 Communications Ltd delivered strong year-on-year growth compared to Q3 FY25. Sales rose 20% to Rs. 2,194 crore from Rs. 1,828 crore, EBITDA surged to Rs. 155 crore from a negative Rs. 223 crore, and net profit jumped to Rs. 225 crore from a loss of Rs. 208 crore. EPS improved to Rs. 3.52 from a negative Rs. 3.26, reflecting a strong turnaround in profitability.
TVS Supply Chain Solutions Ltd
TVS Supply Chain Solutions Ltd, part of the TVS Group and headquartered in Chennai, is a logistics and supply-chain management company. It provides transportation, warehousing, and distribution services for sectors like automotive, consumer goods, defence, and utilities across India, Europe, the UK, and the US.
With a market capitalisation of Rs. 5,393 cr, the shares of TVS Supply Chain Solutions Ltd closed at Rs. 122.25 per share, down by 0.7% from its previous close of Rs. 123.11 per share.
For Q3 FY26, TVS Supply Chain Solutions Ltd reported solid year-on-year growth compared to Q3 FY25. Sales increased 11% to Rs. 2,716 crore from Rs. 2,445 crore, EBITDA rose 36% to Rs. 206 crore from Rs. 151 crore, and the company swung to a net profit of Rs. 11.2 crore from a loss of Rs. 23.8 crore. EPS improved to Rs. 0.24 from a negative Rs. 0.56, marking a significant turnaround in profitability.
CreditAccess Grameen Ltd
CreditAccess Grameen Ltd is a microfinance non-banking financial company (NBFC) based in Bengaluru. It has focused on providing small loans and financial services to low-income households, especially rural women organised in joint liability groups, promoting financial inclusion across multiple Indian states.
With a market capitalisation of Rs. 20,608 cr, the shares of CreditAccess Grameen Ltd closed at Rs. 1,287 per share, up by 0.6% from its previous close of Rs. 1,279.35 per share.
For Q3 FY26, CreditAccess Grameen Ltd reported strong year-on-year growth compared to Q3 FY25. Sales rose 8% to Rs. 1,490 crore from Rs. 1,380 crore, EBITDA more than doubled, up 126% to Rs. 813 crore from Rs. 360 crore, and net profit surged to Rs. 252 crore from a loss of Rs. 99.5 crore. EPS jumped to Rs. 15.75 from a negative Rs. 6.24, reflecting a robust turnaround in profitability.
Borosil Renewables Ltd
Borosil Renewables Ltd, part of the Borosil Group, is a leading manufacturer of solar glass in India. It produces low-iron textured glass for photovoltaic panels, greenhouses, and renewable energy systems, supporting the growing solar energy sector while emphasising sustainability and innovation.
With a market capitalisation of Rs. 6,701 cr, the shares of Borosil Renewables Ltd closed at Rs. 478 per share, up from its previous close of Rs. 477.95 per share.
For Q3 FY26, Borosil Renewables Ltd delivered exceptional year-on-year growth compared to Q3 FY25. Sales grew 8% to Rs. 390 crore from Rs. 361 crore, EBITDA surged to Rs. 123 crore from a negative Rs. 10.1 crore, and net profit jumped to Rs. 100 crore from a loss of Rs. 30.1 crore. EPS rose sharply to Rs. 7.14 from a negative Rs. 2.05, marking a strong turnaround in profitability.
Pine Labs Ltd
Pine Labs Ltd is a fintech and merchant commerce company providing payment and digital transaction solutions. It offers POS systems, payment acceptance infrastructure, merchant financing, loyalty platforms, and cloud-based commerce tools to retailers and financial institutions in India and Asia, making it a key player in the digital payments ecosystem.
With a market capitalisation of Rs. 23,241 cr, the shares of Pine Labs Ltd closed at Rs. 202.40 per share, down by 2.4% from its previous close of Rs. 207.30 per share.
For Q3 FY26, Pine Labs Ltd reported strong year-on-year growth compared to Q3 FY25. Sales increased 24% to Rs. 744 crore from Rs. 602 crore, EBITDA rose 72% to Rs. 132 crore from Rs. 76.9 crore, and net profit surged to Rs. 42.4 crore from a loss of Rs. 56.7 crore. EPS improved to Rs. 0.37 from a negative Rs. 0.67, reflecting a significant turnaround in profitability.
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