Companies that report more than 25% year-on-year (YoY) profit growth for two consecutive quarters signal strong and consistent earnings momentum. An analysis by ETMarkets found that around 37 BSE midcap stocks posted over 25% YoY profit growth in both the March 2026 and June 2026 quarters. Of these, 22 stocks delivered double-digit returns over the past year. Screens that require two consecutive quarters of strong growth are a common way to filter out companies whose profit jump reflects a single, possibly distorted, quarter.

The screen highlights 13 midcap stocks that gained between 40% and 118% over one year, backed by strong profit growth across the last two quarters. Consistent earnings growth can improve a company's cash-generating capacity, support future expansion and boost investor confidence. However, the analysis also notes that investors should assess whether the growth is driven by core business operations or by one-off gains, tax benefits or other exceptional items. The shortlist cuts across sectors: banks and lenders dominate it, alongside a commodity exchange, an asset manager, capital goods and cable makers, steel and iron ore producers, a spirits maker and an e-commerce platform, indicating the earnings momentum is broad-based rather than confined to a single industry. (Data Source: ACE Equity)

Multi Commodity Exchange of India

India's largest commodity derivatives exchange has seen its stock gain 118% over the past one year, rising from Rs 1,538 to Rs 3,347. The company reported a net profit of Rs 413 crore in the latest June 2026 quarter.

The Federal Bank

The private sector lender's stock has surged 80% over the past year, climbing from Rs 192 to Rs 347. The bank posted a net profit of Rs 1,298 crore in the June 2026 quarter.

Hitachi Energy India

The Indian unit of global power-grid technology group Hitachi Energy has advanced 68% in the last one year, moving from Rs 19,782 to Rs 33,200. Its net profit stood at Rs 294 crore in the June 2026 quarter.

Steel Authority of India

The stock of the state-owned steel major has risen 63% over the past year, from Rs 120 to Rs 195. The company reported a net profit of Rs 1,618 crore in the latest June 2026 quarter.

Bank of Maharashtra

The stock of the state-owned lender has gained 61% in the last one year, increasing from Rs 53 to Rs 86. Its net profit for the June 2026 quarter stood at Rs 2,021 crore.

Radico Khaitan

The spirits maker's stock has climbed 58% over the past year, from Rs 2,904 to Rs 4,600. The company recorded a net profit of Rs 222 crore in the June 2026 quarter.

AU Small Finance Bank

The stock has advanced 50% in the last one year, rising from Rs 746 to Rs 1,116. The small finance bank's net profit stood at Rs 796 crore in the latest June 2026 quarter.

Nippon Life India Asset Management

The asset manager, part of Japan's Nippon Life group, has seen its stock gain 49% over the past year, moving from Rs 826 to Rs 1,230. The company posted a net profit of Rs 503 crore in the June 2026 quarter.

Mahindra & Mahindra Financial Services

The Mahindra Group's vehicle financing arm has seen its stock rise 48% in the last one year, from Rs 260 to Rs 385. Its net profit for the June 2026 quarter was Rs 905 crore.

L&T Finance

The Larsen & Toubro group's non-banking lender has gained 47% over the past year, climbing from Rs 220 to Rs 323. The company reported a net profit of Rs 916 crore in the June 2026 quarter.

FSN E-Commerce Ventures

The parent of beauty and fashion platform Nykaa has advanced 46% in the last one year, rising from Rs 232 to Rs 340. Its net profit stood at Rs 80 crore in the latest June 2026 quarter.

Aditya Birla Capital

The Aditya Birla group's financial services arm has gained 46% over the past year, increasing from Rs 281 to Rs 410. The company recorded a net profit of Rs 1,078 crore in the June 2026 quarter.

KEI Industries

The wire and cable maker's stock has climbed 43% in the last one year, from Rs 3,875 to Rs 5,533. Its net profit stood at Rs 274 crore in the latest June 2026 quarter.

Lloyds Metals & Energy

The iron ore producer's stock has risen 41% over the past year, moving from Rs 1,310 to Rs 1,849. The company reported a net profit of Rs 1,701 crore in the latest June 2026 quarter.

For these companies, the next checkpoint is the September 2026 quarterly results, which will show whether the two-quarter profit growth streak extends.

Source: Economic Times Markets