Among the midcap companies on the BSE, some firms had delivered especially stellar results in their fourth quarter, and will be watched in this Q1 to see if they can follow through. The result dashboard for BSE Midcap highlights the top companies for revenue growth YoY, net profit growth and operating profit growth YoY.

The top company in revenue growth YoY (BSE Midcaps) in the previous quarter, was Bajaj Finserv. This NBFC's operating margins declined sharply due to smaller growth in the Life Insurance business, and low new business premiums. The company is also seeing rising competition from other NBFCs in a growing market. Revenue growth at 174% YoY however put it at the top of the heap. 

Ashok Leyland was the top performer among BSE Midcaps in net profit growth last quarter. However, it did benefit from a one time tax reimbursement which boosted the net profit number, and therefore we move to the next firm, JSW Steel, which saw a net profit growth of 489% for Q4 YoY. JSWSteel delivered on higher export sales, and benefited from higher steel prices. Outlook looks very strong for Indian steel firms like JSW Steel thanks to the anti-dumping duties on Chinese steel, and prioritising of Indian steel for government projects. 

The top performer in operating profit growth last quarter was the old standby Container Corporation of India. CONCOR's rising operating margins helped deliver operating profit growth of 151% YoY. The firm is expected to benefit in coming quarters from the transport consolidation post GST, thanks to its pan-India presence and its strong integration with rail freight. 

The rankings will change in Q1 overall for MidCap since businesses like Life Insurance and Auto have stronger sales in the latter quarters. But the strong growth bodes well for YoY performance for these companies.