5 Stocks with Strong Revenue Guidance for FY26 to Add to Your Watchlist

Earnings season is in full swing on Dalal Street, and investors are busy poring over the FY25 numbers.

India Inc has delivered a better-than-expected earnings performance so far in the March 2025 quarter. But beyond the headline numbers, it's the future outlook that's starting to steal the show.

Some companies haven't just wrapped up the year on a strong note, they've also set the tone for what's next with upbeat guidance for FY26.

For those on the lookout for such companies, here are five stocks that are setting the stage for a strong FY26 with upbeat earnings projections.

#1 JBM Auto

First on the list is JBM Auto.

It manufactures and sells sheet metal components, tools, dies, and molds. It is also an original equipment manufacturer (OEM) as it is engaged in the production of passenger buses.

For FY26, JBM Auto aims to generate revenue between Rs 60 billion (bn) and Rs 65 bn. This target is supported by strong demand in the electric mobility segment, a solid order book, and strategic partnerships, including a recent alliance with Hitachi.

This partnership is expected to enhance the analytics and performance of the company's electric vehicle products through Hitachi's global technologies.

Additionally, the UK-India FTA is expected to unlock new market opportunities for JBM Auto, as it's well-positioned in the growing electric vehicle ecosystem.

Further, in FY25, exports made up just 5% of the company's total sales, with 95% coming from the domestic market.

However, in FY26, JBM Auto plans to double its export contribution to 10% by tapping into markets across Europe, Asia-Pacific, the Middle East, and Africa.

Recently, the company reported positive Q4 results. Its revenue jumped by 11% YoY to Rs 16.5 bn. Meanwhile, the net profit jumped by 16% YoY to Rs 720 million (m).

For more details, see the JBM AUTO. company fact sheet and quarterly results.

#2 Adani Ports & SEZ

Next on the list is Adani Ports & SEZ.

This Adani Group company is the largest port developer and operator in India.

It manages 15 ports and 30 terminals across both coasts. These handle 27% of the country's total port cargo, with a combined capacity of 633 million metric tonnes.

The company is also expanding its global footprint. It operates the Haifa Port in Israel and Container Terminal 2 at Dar Es Salaam Port in Tanzania.

It also has an O&M contract at Abbot Point in North Queensland, Australia.

In FY26 the company is expecting a revenue between Rs 360-380 bn, and the EBITDA is expected to be around Rs 210-220 bn.

It has also lined up a capex plan of Rs 110-120 bn. Port cargo volumes are expected to reach 505-515 MMT.

The company expects trucking revenue to grow 3-4x in FY26 from Rs 428 crore in FY25, while marine revenue is projected to double from Rs 11.4 bn last year.

Apart from this, the company is targeting a Targeting 1,000 million metric tonnes cargo volumes by 2030, out of which 850 million metric tonnes domestic cargo by 2030 at a growth CAGR of 15%.

The company is also building out the third-party marine business. The company also expects 3x+ revenue growth by FY29 is targeting marine opportunities in the Middle East, Africa & South Asia (MEASA) waters.

Recently, for the March 2025 quarter, Adani Ports reported a 21.8% YoY rise in revenue to Rs 87.7 bn. Meanwhile its net profit grew by 47.8% YoY to Rs 30.1 bn.

For more details, see the ADANI PORTS & SEZ company fact sheet and quarterly results.

#3 Transformers and Rectifiers India

Next on the list is Transformers and Rectifiers India.

The company manufactures power, furnace, and rectifier transformers for domestic and international markets.

It primarily offers transformers ranging from 5 MVA to 500 MVA, including auto, generator step-up, power, trackside traction, and auxiliary transformers.

For FY26, the company expects its revenue at Rs 26 bn, reflecting a strong order pipeline and rising demand. In terms of profitability, the company expects EBITDA margins to improve from 14% in FY25 to 17% over the next two years. This margin expansion is expected to come from better operational efficiency, not price hikes.

Apart from that, the company has targeted an order inflow of Rs 80 bn for FY26.

Additionally, a new manufacturing facility is set to become operational soon, adding 15,000 MVA to its capacity. With this, the total installed capacity will rise to 55,000 MVA in Q1 FY26.

On the financial front, for the March 2025 quarter, the company reported a 32% YoY rise in revenue to Rs 6.8 bn. Meanwhile its net profit surged to 125% to Rs 941.7 m.

For more details, see the TRANSFORMERS & RECTIFIERS company fact sheet and quarterly results.

#4 L&T

Next on the list is L&T.

L&T, over the years, forayed into multiple business verticals, including infrastructure, power, hydrocarbon, metal and minerals, defence, aerospace, information technology (IT), products, systems and equipment, finance, and real estate.

The company is the most respected multinational conglomerate that operates in over 50 countries.

For FY26, the company is eyeing 15% topline growth, supported by strong demand both in India and overseas. It also expects a 10% rise in order inflows, backed by a robust pipeline of Rs 7 trillion (tn) worth of projects in India and Rs 12 tn overseas.

L&T's defence segment remains a key focus, with the company highlighting its deep expertise and technological strength.

It believes FY26 is starting on a solid note, with a healthy pipeline indicating sustained momentum.

In FY25, the company clocked a record order inflow of Rs 3.6 tn, up 18% YoY. Its total order book grew 22% to Rs 5.8 tn, with nearly half of the orders coming from international markets.

With a Rs 19 tn pipeline in sight for FY26, L&T is well-positioned for continued growth.

In Q4, its revenue jumped 10% YoY to Rs 743.9 bn. Its net profit increased by 23% YoY to Rs 50.1 bn.

For more details about the company, check out L&T's fact sheet and quarterly results.

#5 HCL Technologies

Last on the list is HCL Technologies.

HCL Technologies is a leading player in the IT space and is known for its strong presence in software development, digital transformation, and cloud services.

For FY26, HCL Technologies has issued revenue growth guidance, projecting a 2% to 5% increase in constant currency terms.

The company also expects its EBIT margin to remain in the range of 18% to 19%.

This outlook highlights HCL's confidence in navigating current market challenges while maintaining profitability, supported by a strong focus on cost efficiency and operational discipline.

This guidance reflects HCL's confidence in maintaining a steady performance despite market challenges and showcases its focus on driving profitability while managing cost efficiencies.

For the March 2025 quarter, its revenue grew 6% to Rs 302.5 bn, while its net profit grew by 8% YoY to Rs 43.1 bn.

For more details, see the HCL TECHNOLOGIES company fact sheet and quarterly results.

Conclusion

Investing in a company just because they're offering strong revenue guidance for FY26 might seem tempting-but there's more to the story.

While upbeat projections do signal confidence and growth potential, it's worth asking if the company delivered on such promises in the past? A solid track record adds weight to any guidance.

It also helps to look at the order book. If there's a steady flow of orders coming in, especially from diverse sectors or geographies, that's a strong sign of future stability.

Investors should evaluate the company's fundamentals, corporate governance, and valuations of the stock as key factors when conducting due diligence before making investment decisions.

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