A group of mid-cap Indian companies, including R R Kabel, Welspun Corp, Poonawalla Fincorp, Sterlite Technologies and Steel Authority of India, reported significant profit jumps in the June quarter, reflecting strong demand and operational improvements despite uneven market conditions.
A clutch of mid-cap Indian companies posted sharp profit growth in the June quarter, with R R Kabel, Welspun Corp, Poonawalla Fincorp, Sterlite Technologies and Steel Authority of India all more than doubling net profit year on year. The results point to a mix of stronger demand, better operating leverage, lower finance costs and margin gains, even as broader market conditions remained uneven.
R R Kabel delivered one of the cleaner earnings beats in the group. According to Business Standard, consolidated net profit rose 128.8% year on year to ₹205.2 crore in the June quarter, while revenue climbed 53.9% to ₹3,168.2 crore. The company also reported a near-doubling of EBITDA and a margin improvement to 9%, helped by stronger performance in its wires and cables business and a better showing in fast-moving electrical goods.
Welspun Corp posted an even steeper jump in profit, with Trade Brains saying consolidated net profit surged 200.29% year on year to ₹1,048 crore. Revenue rose 14.92% to ₹4,081 crore. The company, which makes large-diameter steel pipes and related products, has been benefiting from demand across oil, gas, water and infrastructure markets.
Poonawalla Fincorp was the stand-out among financial firms in the list. Trade Brains reported a 388.89% rise in consolidated net profit to ₹308 crore, while net interest income increased 84.24% to ₹1,415 crore. The lender, which focuses on digital retail credit, continued to see growth across personal loans, business loans and loans against property.
Sterlite Technologies also returned a striking set of numbers. Trade Brains said consolidated net profit jumped 1,870% year on year to ₹197 crore, with revenue up 87.44% to ₹1,910 crore. The company, which supplies optical fibre and networking solutions, appears to have gained from stronger demand for digital infrastructure and broadband-related projects.
Steel Authority of India rounded out the group with a more modest top-line rise but a strong bottom-line recovery. Trade Brains said revenue climbed 1.25% year on year to ₹26,246 crore, while net profit increased 120.67% to ₹1,644 crore. The state-owned steelmaker remains tied to cyclical demand from infrastructure, construction, railways, defence and engineering, but the latest quarter suggests profitability improved despite slower sales growth.
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