The Indian corporate landscape witnessed a powerful surge in operating momentum during the third quarter of FY26. Several market heavyweights across the energy, finance, and consumer discretionary sectors reported EBITDA growth exceeding the **50%** mark. This performance reflects a broader trend of margin expansion and robust credit demand, despite fluctuations in global commodity prices and evolving domestic consumption patterns. Energy and Manufacturing Leaders Oil marketing giants **IOC** and **BPCL** emerged as standout performers. Their operational efficiency was bolstered by strategic inventory management and steady domestic fuel demand. Despite recent volatility in Brent crude, which climbed toward **$70.35** per barrel in February, these entities maintained strong refining margins throughout the December quarter. Manufacturing and industrial players like **CEAT** also mirrored this trend. The tire manufacturer reported a staggering **65.3%** jump in EBITDA, supported by easing raw material costs and a **26%** rise in revenue. Financial Services Momentum The financial sector remains a cornerstone of the current earnings cycle. **Muthoot Finance** reported a historic quarter with a **95%** surge in standalone profit, reaching **₹2,656 crore**. Its gold loan Assets Under Management (AUM) crossed **₹1.39 trillion**, growing **50%** year-on-year. This was largely driven by record gold prices, which hit milestones near **₹1.6 lakh** per 10 grams in early 2026. **Jio Financial Services** demonstrated aggressive scaling, with revenue more than doubling to **₹901 crore**. While its net profit saw a moderate decline due to expansion costs, its NBFC assets surged **4.5 times** year-on-year to **₹19,049 crore**. Consumer Discretionary and Retail **Titan** continues to benefit from the premiumization trend in the Indian market. Sustained wedding season demand and the rising value of bullion provided a tailwind for its jewelry segment. In the broader market, **Tata Motors** reported a **45%** jump in EBITDA for its commercial vehicle segment, maintaining double-digit margins for the tenth consecutive quarter. Market Outlook Nifty 50 EPS growth is projected to remain steady between **11%** and **13%** for the remainder of the fiscal year. While sectors like IT face range-bound movement due to cautious global spending, the manufacturing and financial services sectors are currently driving the majority of index earnings. The combination of sustained government capex and improving private capacity utilization suggests that these "50% club" performers are well-positioned to maintain their leadership through the final quarter of FY26.