4 Maharatna and Navratna Stocks With Net Profit Growth of Up to 218% to Keep an Eye On

Synopsis: Four high-performing public sector enterprises- comprising three Maharatna and one Navratna have demonstrated exceptional YoY revenue and net profit surges of up to 58 percent and 218 percent, respectively.

PSU stocks continue to attract investors with improving earnings momentum. The list highlights companies holding prestigious government classifications, including Maharatna and Navratna status, which are granted to financially strong and strategically important public sector enterprises with greater operational and investment autonomy.

Below, a total of four PSU stocks are featured, comprising three Maharatna companies and one Navratna company, all of which have reported notable Q3 profit growth, reflecting improving performance across key state-owned sectors.

Bharat Heavy Electricals Limited

Bharat Heavy Electricals Limited is a government-owned engineering and manufacturing Maharatna company focused on power plant equipment, turbines, boilers, transmission systems, and industrial infrastructure solutions. It serves thermal, hydro, nuclear, and renewable energy sectors while providing EPC services, maintenance, and modernization solutions for utilities, railways, defense, and industrial customers.

In the latest quarter Bharat Heavy Electricals Limited saw a YoY revenue growth of 16 percent, going from Rs 7,277 Cr in Q3FY25 to Rs 8,473 Cr in Q3FY26, while the QoQ went up by 13 percent from Rs 7,512 Cr in Q2FY26. The YoY Net Profits growth is at 189 percent, going from Rs 135 Cr in Q3FY25 to Rs 390 Cr in Q3FY26, while the QoQ growth stood at 4 percent from Rs 375 Cr in Q2FY26.

Bharat Petroleum Corporation Limited

Bharat Petroleum Corporation Limited is a state-owned oil refining and marketing Maharatna company, engaged in crude oil refining, fuel retailing, LPG distribution, petrochemicals, and lubricants. It operates refineries in Mumbai and Kochi, supplies aviation fuel, and is expanding into renewable energy, gas distribution, and petrochemical projects across India and overseas markets.

In the latest quarter Bharat Petroleum Corporation Limited saw a YoY revenue growth of 5 percent, going from Rs 1,13,166 Cr in Q3FY25 to Rs 1,19,029 Cr in Q3FY26, while QoQ went up by 13 percent from Rs 1,04,946 Cr in Q2FY26. The YoY Net Profits growth is at 89 percent, going from Rs 3,806 Cr in Q3FY25 to Rs 7,188 Cr in Q3FY26, while QoQ growth stood at 16 percent from Rs 6,191 Cr in Q2FY26.

Steel Authority of India Limited

Being a Maharatna company, Steel Authority of India Limited is one of India’s largest integrated steel producers manufacturing flat and long steel products, rails, plates, structural steel, and specialty alloys. It operates multiple integrated plants and mines iron ore and coal, supplying infrastructure, construction, railways, defense, and engineering sectors across domestic and export markets.

In the latest quarter Steel Authority of India Limited saw a YoY revenue growth of 12 percent, going from Rs 24,490 Cr in Q3FY25 to Rs 27,371 Cr in Q3FY26, while the QoQ went up by 2.5 percent from Rs 26,704 Cr in Q2FY26. The YoY Net Profits growth is at 163 percent, going from Rs 142 Cr in Q3FY25 to Rs 374 Cr in Q3FY26, while the QoQ fell by 11 percent from Rs 419 Cr in Q2FY26.

Engineers India Limited

Engineers India Limited is a government-owned engineering consultancy and EPC company providing design, project management, and turnkey services mainly for oil, gas, petrochemical, fertilizer, and infrastructure sectors. It is a Navratna company and supports refineries, pipelines, offshore platforms, and green energy projects while offering technology licensing, feasibility studies, and project management consulting worldwide.

In the latest quarter, Engineers India Limited saw a YoY revenue growth of 58 percent, going from Rs 765 Cr in Q3FY25 to Rs 1,210 Cr in Q3FY26, while the QoQ went up by 31 percent from Rs 921 Cr in Q2FY26. The YoY Net Profits growth is at 218 percent, going from Rs 109 Cr in Q3FY25 to Rs 347 Cr in Q3FY26, while the QoQ growth stood at 318 percent from Rs 83 Cr in Q2FY26.

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