Synopsis:
Leading companies across diagnostics, renewables, petrochemicals, cybersecurity, and specialty chemicals have posted strong Q2FY26 earnings with healthy revenue growth, margin expansion, and impressive profit gains. Do you own any?
The Q2FY26 earnings season has kicked off on a strong note, with companies delivering impressive year-on-year performances across sectors such as diagnostics, renewables, petrochemicals, cybersecurity, and specialty chemicals.
While overall market sentiment stays cautious, the initial batch of results points to broad-based earnings momentum, with several companies posting healthy revenue gains and notable improvements in operational efficiency. Here are 5 stocks that have stood out so far.
1. Thyrocare Technologies Ltd
Thyrocare Technologies Limited is one of India’s leading diagnostic chains, offering testing services to patients, laboratories, and hospitals across the country. The company operates through three main segments, Diagnostic Testing Services, Imaging Services, and Others.
Its diagnostic testing division focuses on the sale and promotion of consumables used in pathology, while the imaging division deals in radiopharmaceuticals and consumables for reporting.
Thyrocare also markets medical equipment and glucometers under the brand name ‘Sugarscan’. Founded in 1996 and headquartered in Navi Mumbai, it operates as a subsidiary of Docon Technologies Private Limited.
The company has a market capitalization of Rs. 6,677.30 crore and closed at Rs. 1,260 on Tuesday, up by 1.42 percent from previous day closing price of Rs. 1242.30. On a year-on-year basis, sales grew by 22.6 percent from Rs. 177 crore in Q2FY25 to Rs. 217 crore in Q2FY26.
Net profit rose sharply by 84.6 percent from Rs. 26 crore to Rs. 48 crore. Operating profit increased by 47.9 percent from Rs. 48 crore to Rs. 71 crore, with operating margins improving from 27 percent to 33 percent. Earnings per share (EPS) advanced from Rs. 5.04 to Rs. 9.06.
2. Waaree Renewable Technologies Ltd
Waaree Renewable Technologies Limited is engaged in the generation of renewable power and provides a comprehensive range of solar energy solutions in India. The company’s services span ground-mounted solar projects, rooftop installations, floating solar, and operations and maintenance support.
It also offers engineering, procurement, and construction (EPC) solutions under multiple business models, catering to industrial, commercial, and individual clients. Formerly known as Sangam Renewables Limited, the company was incorporated in 1999 and is headquartered in Mumbai. It operates as a subsidiary of Waaree Energies Limited.
The company has a market capitalization of Rs. 13,128.81 crore and closed at Rs. 1,259.40 on Tuesday, up by 2.04 percent from previous day closing price of Rs. 1234.20. On a year-on-year basis, sales increased by 47.9 percent from Rs. 524 crore in Q2FY25 to Rs. 775 crore in Q2FY26.
Net profit more than doubled, rising by 114.8 percent from Rs. 54 crore to Rs. 116 crore. Operating profit jumped by 119.4 percent from Rs. 72 crore to Rs. 158 crore. Operating margin expanded from 14 percent to 20 percent, while EPS surged from Rs. 5.14 to Rs. 11.16.
3. Mangalore Refinery and Petrochemicals Ltd
Mangalore Refinery and Petrochemicals Limited, a subsidiary of Oil and Natural Gas Corporation Limited, is engaged in refining and marketing petroleum products in India. Its product portfolio includes bitumen, high-speed diesel, motor gasoline, xylol, pet coke, sulphur, and polypropylene.
The company also produces and exports a range of petrochemical and aromatic products such as benzene, paraxylene, reformate, and toluene, while also operating retail outlets across India. Established in 1988, the company is headquartered in Mangalore.
The company has a market capitalization of Rs.26,273.21 crore and closed at Rs. 149.91 on Tuesday, down by 1.07 percent from previous day closing price of Rs. 151.53. On a year-on-year basis, sales declined by 9.3 percent from Rs. 24,968 crore in Q2FY25 to Rs. 22,649 crore in Q2FY26.
However, it delivered a remarkable turnaround in profitability, posting a net profit of Rs. 627 crore compared to a loss of Rs. 697 crore in the previous year. Operating profit moved into the positive zone at Rs. 1,489 crore from a loss of Rs. 474 crore, with operating margins improving significantly from negative 2 percent to 7 percent. EPS stood at Rs. 3.58 compared to a loss per share of Rs. 3.98 last year.
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4. Quick Heal Technologies Ltd
Quick Heal Technologies Limited develops and provides cybersecurity and data protection solutions for individuals, businesses, and government entities in India and abroad. Its product range includes antivirus software, endpoint protection, mobile security, and enterprise solutions under the brands ‘Quick Heal’ and ‘Seqrite’.
The company’s offerings also extend to threat intelligence, managed detection, and response services. Founded in 1995, Quick Heal is headquartered in Pune and operates across multiple global markets.
The company has a market capitalization of Rs. 1,780.18 crore and closed at Rs. 328.70 on Tuesday, up by 0.15 percent from previous day closing price of Rs. 328.20. On a year-on-year basis, sales increased by 13.6 percent from Rs. 73.49 crore in Q2FY25 to Rs. 83.52 crore in Q2FY26.
Net profit rose by 90.6 percent from Rs. 4.15 crore to Rs. 7.91 crore. Operating profit tripled, jumping 200.6 percent from Rs. 3.07 crore to Rs. 9.23 crore. Operating margin improved from 4.18 percent to 11.05 percent, while EPS climbed from Rs. 0.77 to Rs. 1.46.
5. Stallion India Fluorochemicals Ltd
Stallion India Fluorochemicals Limited is involved in the processing, blending, and distribution of refrigerants and industrial gases across India. The company’s diverse portfolio includes hydrocarbons (HC), hydrofluorocarbons (HFC), and hydrofluoroolefins (HFO), catering to industries such as air conditioning, refrigeration, firefighting, semiconductors, automobiles, pharmaceuticals, and defense. It also supplies equipment and consumables for the AC and refrigeration industry and produces specialty gases like CF4 and SF6.
The company has a market capitalization of Rs. 2,818.43 crore and closed at Rs. 355.30 on Tuesday, hitting a lower circuit of 5 percent from previous day closing price of Rs. 374. On a year-on-year basis, sales surged by 55.9 percent from Rs. 68 crore in Q2FY25 to Rs. 106 crore in Q2FY26.
Net profit increased sharply by 1,000 percent from Rs. 1 crore to Rs. 11 crore. Operating profit rose 700 percent from Rs. 2 crore to Rs. 16 crore, while operating margins expanded significantly from 3 percent to 15 percent. EPS also improved substantially from Rs. 0.14 to Rs. 1.44.
Written By Manan Gangwar
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