Waaree Renewable and 4 other stocks reporting 650% YoY increase in net profit in Q3 FY26

Synopsis: Waaree Renewable Technologies, Ravindra Energy, and three other stocks reported a solid financial performance in the latest quarter of this financial year, backed by a doubling of net profit in the same period.

Most small-cap stocks are struggling in this volatile market, but a select few have just delivered impressive Q3 results. We’re seeing net profits soar by over 100 percent, which is a clear indicator that their businesses are gaining momentum and execution is strong. In this article, we will dive into five small-cap companies that reported over 100 percent net profit growth in Q3 FY26.

Ravindra Energy

Ravindra Energy delivers clean, affordable solar power through simple, local solutions that require no large investment. They have received accreditation from the Ministry of New and Renewable Energy (MNRE) and have been recognised for their efforts in installing solar water pumps, supporting India’s drive for increased renewable energy.

The revenue from operations for Ravindra Energy stands at Rs 127 crores in Q3 FY26 compared to Q3 FY25 revenue of Rs 53 crores, up by 140 per cent YoY. Coming down to its profitability, the company’s net profit stood at Rs 15 crore in Q3 FY26, up from just Rs 2 crore in Q3 FY25, which is a massive growth of 650 percent YoY. 

Emmvee Photovoltaic Power

Emmvee Photovoltaic Power Ltd, headquartered in Bengaluru since 2007, manufactures and supplies solar cells, photovoltaic modules, and complete PV systems throughout India and Europe. They also manage turnkey solar projects, both grid-connected and off-grid. Additionally, Emmvee operates solar power plants and provides solutions to independent power producers, commercial and industrial clients, as well as EPC companies in both the public and private sectors.

The revenue from operations for Emmvee Photovoltaic Power stands at Rs 1,152 crores in Q3 FY26 compared to Q3 FY25 revenue of Rs 528 crores, up by 118 per cent YoY. Coming down to its profitability, the company’s net profit stood at Rs 264 crore in Q3 FY26, up from Rs 99 crore in Q3 FY25, which is a massive growth of 167 percent YoY. 

Netweb Technologies India

Netweb Technologies India Ltd has been operating since 1999, earning recognition in the field of high-end computing. Headquartered in New Delhi, the company specialises in designing and building custom servers, workstations, storage, and virtualisation solutions. Their expertise covers everything from HPC and data storage to cloud infrastructure, AI, and enterprise IT systems. Netweb is also committed to energy efficiency and responsible e-waste management, demonstrating a concern that goes beyond just technology.

The revenue from operations for Netweb Technologies India stands at Rs 805 crores in Q3 FY26 compared to Q3 FY25 revenue of Rs 334 crores, up by 141 per cent YoY. Coming down to its profitability, the company’s net profit stood at Rs 73 crore in Q3 FY26, up from Rs 30 crore in Q3 FY25, which is a massive growth of 143 percent YoY. 

Waaree Renewable Technologies

Waaree​‍​‌‍​‍‌​‍​‌‍​‍‌ Renewable Technologies Ltd is a green-energy company that creates and runs solar energy projects in India. Its product portfolio includes EPC services, solar on rooftop and ground-mounted, floating solar, and O&M solutions. The business provides the energy needs of the residential sector, the industrial sector, and the commercial sector with clean energy at a competitive ​‍​‌‍​‍‌​‍​‌‍​‍‌price.

The revenue from operations for Waaree​‍​‌‍​‍‌​‍​‌‍​‍‌ Renewable Technologies stands at Rs 851 crores in Q3 FY26 compared to Q3 FY25 revenue of Rs 360 crores, up by 136 per cent YoY. Coming down to its profitability, the company’s net profit stood at Rs 120 crore in Q3 FY26, up from Rs 53 crore in Q3 FY25, which is a massive growth of 126 percent YoY. 

Thangamayil Jewellery

Thangamayil​‍​‌‍​‍‌​‍​‌‍​‍‌ Jewellery is a jewellery chain that retails gold, silver, diamond, and platinum ornaments. It started as a small shop in Madurai and now has more than 65 stores and an online jewellery platform. The company is largely driven by gold sales, and it has become a popular brand in the entire South India ​‍​‌‍​‍‌​‍​‌‍​‍‌region.

The revenue from operations for Thangamayil Jewellery stands at Rs 2,406 crores in Q3 FY26 compared to Q3 FY25 revenue of Rs 1,132 crores, up by 113 per cent YoY. Coming down to its profitability, the company’s net profit stood at Rs 105 crore in Q3 FY26, up from Rs 48 crore in Q3 FY25, which is a massive growth of 119 percent YoY. 

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