Neuland Labs to PTC Industries: 5 NIFTY500 firms where profit growth beat revenue growth in Q1FY27

The first-quarter earnings season (Q1 FY27) for India Inc. has concluded, and a study shows that 67 companies in the NIFTY 500 index posted net profit growth of more than 100%, outpacing their revenue growth during the April–June period.

Aarti Industries, Adani Energy Solutions, Bharat Dynamics, BHEL, Dixon Technologies, Eternal, EIH, Hitachi Energy, Laurus Labs, JSW Cement, JSW Steel, Manappuram Finance, MMTC, Poonawalla Fincorp, Titagarh Rail Systems, SAIL, Sobha, RR Kabel and PVR Inox are among the prominent companies that reported net profit growth of over 100%, according to ACE Equity data.

Earnings reports showing profit growth exceeding revenue growth signal improving profitability and operating efficiency.

However, analysts say investors should examine whether the earnings growth is driven by core operations or non-operating factors.

A higher other income component, which includes interest income, investment gains, and other non-operating income, can also lift net profit without a corresponding increase in revenue, analysts added.

Neuland Laboratories

The country’s leading provider of API Contract Development and Manufacturing Organisation (CDMO) reported a consolidated net profit growth of 962% to ₹148 crore in the first quarter of the current financial year, while its revenue rose by 116% to ₹642 crore.

The company had reported a net profit of ₹14 crore in the same period last year.

The company’s management said that the performance in first quarter was in line with its expectations with encouraging performance from both Custom Manufacturing Solutions (CMS) and Generic Drug Substances (GDS) businesses.

“We are seeing exciting developments in terms of the pipeline projects. The depth of customer conversations today is significantly stronger, and we are increasingly engaging on broader capability-led discussions rather than individual projects alone. Internally, our focus now is on ensuring that we deliver consistently, build customer confidence and establish the foundation for long-term partnerships,” said Saharsh Davuluri, Chief Executive Officer and Managing Director, Neuland Laboratories.

CreditAccess Grameen

The microfinance lender’s net profit in the April-June period surged by 720% to ₹493 crore in Q1 FY27 as compared to ₹60 crore profit logged in the same period last financial year.

Its revenue from operations advanced 22% to ₹1,714 crore.

The company’s assets under management advanced 16% to ₹30,319 crore from ₹26,055 crore, and disbursements during the quarter advanced 12% to ₹6,107 crore.

“The company delivered a steady and disciplined performance in Q1 FY27. AUM grew 16.4% YoY to ₹30,319 crore, notwithstanding the typical Q1 seasonality and continued write-offs over the past 12 months. Retail Finance now constitutes 20.6% of AUM, up from 18.1% a quarter ago, driven by the graduation of long-vintage, credit-tested customers into secured, higher-ticket products, a trend that is expected to gain further momentum,” said Ganesh Narayanan, Managing Director and Chief Executive Officer of CreditAccess Grameen.

Leela Palace Hotels and Resorts

The five-star hotel and resort chain operator’s net profit in the June quarter surged by 647% to ₹49 crore while its revenue rose by 28% to ₹352 crore.

The surge in profit was backed by resilient domestic luxury demand and one of the industry’s strongest luxury development pipelines. The company continues to strengthen its position as India’s premier luxury hospitality platform, the company said.

Its revenue per average room rose 17% to ₹13,982.

Devyani International

Net profit of the operator of KFC, Pizza Hut and Costa Coffee stores in India rose by 565% to ₹17 crore in the first quarter while revenue rose by 16% to ₹1,580 crore.

KFC delivered 3.3% same-store sales growth (SSSG). Costa’s SSSG came in at 10.2% while BBK & Vaango delivered SSSG of 7.2% and 7.1% respectively.

“We begin the new financial year on a strong note. The momentum we built through the second half of FY26 - anchored by KFC’s strong same-store sales performance - has continued into Q1 FY27. I am pleased that most of our brand portfolio delivered positive SSSG during the quarter. KFC continues to post double-digit sales growth and delivered another positive SSSG of 3.3% during the quarter. Other brands in the portfolio like Biryani by Kilo, Costa, and Vaango maintained a 7%+ SSSG growth trajectory. Pizza Hut also delivered sequentially better SSSG numbers," said Ravi Jaipuria, Non-Executive Chairman, Devyani International.

PTC Industries

PTC Industries’ net profit jumped 466% to ₹292 crore in Q1 from ₹52 crore a year earlier, while its revenue from operations jumped 97% to ₹191.79 crore.

PTC Industries delivered a strong beginning to FY27, with consolidated growth supported by scaling advanced manufacturing programmes, execution across aerospace and defence applications, and increasing contribution from its integrated materials and components platform, PTC Industries said in a press release.

During the quarter, Aerolloy Technologies Limited, the wholly owned subsidiary of PTC Industries, continued to remain a key growth driver. Aerolloy reported Total Income of ₹74.27 crore in Q1FY27, a growth of 466.4% YoY over ₹13.11 crore in Q1FY26, with EBITDA of ₹33.42 crore at an EBITDA Margin of 45.0%, and PAT of ₹22.08 crore, a growth of 322.9% YoY, PTC Industries added.