Stock prices may follow earnings growth, but it’s the consistency of that growth that truly defines long-term winners. A one-off surge in profits or revenue can excite the market, but without repetition, it’s often just noise. Sustained performance—quarter after quarter—becomes the quiet compounding engine that builds shareholder wealth.
Consistency of this scale is rare. Many companies manage a strong quarter or two, and a few can extend it to a full year. But delivering 20%+ growth in both revenue and profit every single quarter for two straight years—eight quarters without a single miss—is a feat achieved by only a handful. Such companies aren’t just surfing a favourable wave; they’re steering their own growth through strong demand, operational excellence, and disciplined capital allocation. Over time, this stability becomes its own moat, often leading to multibagger returns.
Here, we look at four companies that have quietly pulled off exactly that.
Persistent Systems: AI-led reinvention
Persistent has transformed itself into a software and services powerhouse under new leadership. Its focus is on AI-driven and platform-led solutions, targeting high-growth niches like intelligent insurance operations, AI-powered payment platforms, and personalised healthcare experiences.
From Q2FY24 to Q1FY26, Persistent grew revenue from ₹2,412 crore to ₹3,334 crore and profit from ₹263 crore to ₹425 crore—eight straight quarters of 15%+ YoY growth in both top and bottom lines. Over the last five years, its stock has multiplied 10x, far outpacing the Nifty IT index. Strategic acquisitions, deep partnerships with tech majors like Google Cloud, AWS, and Microsoft, and proprietary AI platforms such as SASVA and iAURA have cemented its market position. With ambitions to hit $2 billion in annualised revenue, Persistent is riding a long AI wave with a clear execution plan.
Kaynes Technology: Scaling with industry tailwinds
Kaynes operates in integrated electronics manufacturing and design (ESDM), serving diverse verticals from industrial to automotive and railways. Between Q1FY24 and Q1FY26, revenue jumped from ₹297 crore to ₹673 crore and profit from ₹25 crore to ₹75 crore—over 30% YoY growth every quarter.
Industry tailwinds—Make in India, PLI schemes, and the China+1 strategy—have propelled expansion. The company’s order book of ₹7,401 crore gives visibility for three years ahead, while its gross block quadrupled in just two years to ₹789 crore. Kaynes aims for $1 billion revenue by FY28, with moves into OSAT and PCB manufacturing strengthening its future pipeline. Its stock has already delivered a 753% return in under three years.
Tips Music: Streaming-fuelled growth
With a 34,000+ song library across 25 languages, Tips Music thrives on digital monetisation, particularly via YouTube, Spotify, and Apple Music. Between Q1FY24 and Q4FY25, revenue rose from ₹53 crore to ₹78 crore and profit from ₹27 crore to ₹31 crore, marking 19%+ YoY growth.
YouTube views have exploded—doubling in FY25 to 228 billion—and Tips ranks among the top five music companies globally for subscribers and views. The company is targeting 30% growth in FY26, investing heavily in new content while aiming to improve hit rates. Partnerships with Sony Music and Warner’s expanded licensing (including Instagram) set the stage for further revenue acceleration, especially as digital ad spend continues to take a larger share of media budgets.
PG Electroplast: Riding the EMS boom
PG Electroplast has emerged as a major player in electronic manufacturing services, focusing on consumer durables like ACs, washing machines, and air coolers. From Q1FY24 to Q4FY25, revenue surged from ₹678 crore to ₹1,910 crore, and profit from ₹34 crore to ₹145 crore—over 16% YoY growth every quarter.
The company’s success is driven by the China+1 shift and domestic manufacturing incentives. Its fixed assets doubled to ₹1,139 crore in FY25, enabling capacity expansion to meet strong demand. PG expects FY26 revenue to grow 30% to ₹6,345 crore, with new facilities coming up in Greater Noida, the South, and Maharashtra.
Conclusion
Sustained 20%+ growth across multiple quarters is uncommon, but not impossible. Persistent Systems, Kaynes Technology, Tips Music, and PG Electroplast prove that industry tailwinds, sharp execution, and disciplined scaling can deliver multibagger returns. More importantly, they show that when growth is consistent, it compounds quietly—and powerfully—over time.
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Disclaimer
This article should not be interpreted as investment advice. For any investment decisions, consult a reputable financial advisor. The author and publisher are not responsible for any losses incurred by investors or traders based on the information provided.