- Nifty-500 companies reported 13% YoY PAT growth in Q1FY27, excluding OMCs 23% YoY
- Smallcaps led with 35% YoY profit growth, midcaps 30%, largecaps 20% YoY growth
- ONGC profit doubled to Rs 17,000 crore, Hindalco and PNB profits rose over 100% YoY
Nifty-500 companies reported a broad-based earnings quarter in Q1FY27, with profit after tax (PAT) growing 13% year-on-year (YoY), and a sharper 23% YoY once oil marketing companies (OMCs) are excluded, Motilal Oswal Financial Services said in its 1QFY27 Nifty-500 review, dated August 21, 2026.
Smallcaps led the pack with 35% YoY profit growth, mid-sized companies followed with 30% growth, while largecaps posted their strongest showing in 10 quarters at 20% YoY, the brokerage said. Here is a look at the individual stocks that stood out across each market-cap bucket.
Q1FY27 Largecaps
State-run explorer ONGC led the pack among largecaps, with profit more than doubling to Rs 17,000 crore, up 112% YoY. Hindalco Industries followed with an 118% jump in profit, while Punjab National Bank's profit nearly tripled, rising 214% YoY.
Metal and mining names dominated the largecap list. Hindustan Zinc's profit rose 145% YoY to Rs 5,500 crore, and Vedanta's climbed 152% to Rs 5,300 crore, both aided by firmer metal prices during the quarter. JSW Steel's profit nearly doubled, up 96% YoY.
Among energy names, GAIL (India) reported a 128% jump in profit to Rs 4,300 crore. Reliance Industries, the country's most valued company, posted more modest 16% growth to Rs 20,900 crore.
In banking and telecom, ICICI Bank's profit rose 16% YoY to Rs 14,800 crore, while Bharti Airtel's climbed 35% to Rs 8,100 crore.
Largecap stocks in focus after Q1FY27
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Q1FY27 Midcaps
Among midcaps, state-owned Oil India's profit more than doubled, up 156% YoY to Rs 2,900 crore, while Steel Authority of India (SAIL) posted a 247% jump to Rs 2,000 crore on the back of firmer steel prices.
Lloyds Metals' profit climbed 169% YoY, and National Aluminium Company's rose 91%, both riding the same metals tailwind that lifted their largecap peers. BHEL swung from a loss a year earlier to a profit of Rs 400 crore.
In financials, IDFC First Bank's profit more than doubled, up 132% YoY to Rs 1,100 crore, Oracle Financial Services' rose 121% to Rs 1,400 crore, Bank of India's climbed 50% to Rs 3,300 crore, and Bank of Maharashtra's grew 34% to Rs 2,000 crore.
Vodafone Idea remained the outlier, posting a loss of Rs 5,400 crore for the quarter even as the telecom sector overall returned to healthier profit, aided by narrower losses at the carrier.
Midcap stocks in focus after Q1FY27
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Q1FY27 Smallcaps
Smallcaps threw up the sharpest swings in the numbers. Credit Access Grameen's profit surged 720% YoY to Rs 500 crore, the steepest jump across all three market-cap categories, while DCM Shriram's profit rose 445% and Manappuram Finance's climbed 341%.
IIFL Finance's profit rose 189% YoY, and JP Power Ventures' climbed 138%. In shipping and logistics, Welspun Corp's profit rose 199% YoY and GE Shipping Company's rose 159%.
Indian Overseas Bank (IOB) posted a 46% rise in profit to Rs 1,700 crore. Chennai Petroleum Corporation (CPCL) and Mangalore Refinery and Petrochemicals (MRPL), both public-sector refiners, swung from losses a year earlier into profit during the quarter.
Smallcap stocks in focus after Q1FY27
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