The quarterly recovery was anchored by heavyweight enterprises that wiped out steep deficits from the prior year. Tata Motors and IndusInd Bank led the turnaround by each generating over Rs 1,200 crore in net profit. Aditya Birla Real Estate also rebounded sharply with Rs 859 crore in earnings. Additionally, smaller turnarounds were recorded across the board, including electric automaker Ather Energy posting a modest net profit of Rs 2 crore.
Key points
Eight Nifty 500 companies successfully pivoted from net losses to net profits year-over-y…: Eight Nifty 500 companies successfully pivoted from net losses to net profits year-over-year.
The financial turnarounds encompassed diverse industries including manufacturing, logisti…: The financial turnarounds encompassed diverse industries including manufacturing, logistics, healthcare, and real estate.
Smaller-margin recoveries were achieved by firms such as Piramal Pharma and Ather Energy…: Smaller-margin recoveries were achieved by firms such as Piramal Pharma and Ather Energy during the same quarter.
Sources checked by our analysis pipeline: 1
A "Turnaround Story YoY" indicates that a company has moved from reporting a net loss in the corresponding quarter last year to posting a net profit in the latest quarter, signalling a significant improvement in its financial performance. Within the Nifty 500 universe, we have highlighted eight stocks that reported a return to profitability in the September 2026 quarter, compared with losses in the year-ago quarter, based on StockEdge's profitability scan data.
ETMarkets.com
2/9
Aditya Birla Real Estate
The company reported a net profit of Rs 859 crore in the September 2026 quarter, compared with a net loss of Rs 16 crore in the corresponding quarter last year.
ETMarkets.com
3/9
Ramkrishna Forgings
The firm posted a net profit of Rs 71 crore in the September 2026 quarter, against a net loss of Rs 10 crore in the year-ago quarter.
Agencies
4/9
IndusInd Bank
The lender reported a net profit of Rs 1,242 crore in the September 2026 quarter, compared with a net loss of Rs 437 crore in the same quarter last year.
Strong operational execution and aggressive retail expansion have fueled a massive rally for the specialty film manufacturer, driving its market capitalization past ₹16,223 crore. Analysts attribute the sustained optimism to favorable backward integration, high-margin specialty products, and a debt-free balance sheet. Market watchers project further appreciation as the company scales its global studio footprint to secure higher-value revenue streams.
Addressing attendees at a Mumbai wealth conference, an executive cautioned that long-term corporate survival is rare, noting that twenty-four former benchmark leaders have vanished from India's flagship index. Chasing fallen individual companies often leads to permanent capital loss because single businesses lack the guaranteed mean-reversion characteristics of broader asset categories. Consequently, market participants are being urged to avoid overconcentrating in recently overheated segments like smaller Indian…