Q3 FY26 Earnings Season Enters Fifth Week with Over 1600 Companies Reporting
The Indian stock market is now entering the fifth week of the Q3 earnings season for the fiscal year 2026. This period is marked by a flurry of corporate results, with approximately 1600 companies scheduled to release their December quarter financials in the coming week. Among the marquee names set to declare their Q3 results are BSE, Titan Company, Mahindra & Mahindra, Hindustan Unilever, ONGC, Coal India, Ashok Leyland, Lenskart Solutions, and Torrent Pharma.
Ajit Mishra, SVP of Research at Religare Broking Ltd., commented, "The earnings calendar stays active, with key results expected from Aurobindo Pharma, Apollo Hospitals, Titan Company, and Mahindra & Mahindra, which may drive stock-specific action." This highlights the potential for significant market movements based on individual company performances.
Market Performance and Key Previews
On Friday, the Indian stock market closed with decent gains, driven by buying in select heavyweights such as ITC, Kotak Mahindra Bank, and ICICI Bank. The Sensex settled 266 points higher, gaining 0.32% to close at 83,580.40, while the Nifty 50 ended at 25,693.70, up 51 points or 0.20%.
Mahindra & Mahindra Q3 Results Preview: Brokerage firm Kotak Institutional Equities estimates a 30% year-on-year increase in revenues for 3QFY26. This is led by a 32% YoY rise in automotive segment revenues, driven by a 24% YoY increase in volumes from LCV and SUV segments, and a 25% YoY increase in tractor segment revenues due to a 23% YoY volume growth. The firm expects overall EBITDA margin to improve by 40 basis points YoY, with automotive EBIT margin projected at 9.4% and tractor segment EBIT margin improving by 200 bps to 20.3%.
Hindustan Unilever Q3 Results Preview: According to Kotak, the transitory impact of GST rate rationalization may have affected the first half of the quarter. They expect 3.4% YoY LFL revenue growth in Q3, driven by 2% UVG (standalone, excluding ice creams). Segment-wise, home care is estimated to grow 1.5% YoY, BPC by 3.8% YoY, and F&R excluding ice creams by 6% YoY.
Titan Company Q3 Results Preview: Kotak models a 34% YoY growth in domestic and standalone jewelry sales, accelerated by a strong festive season and sustained wedding season momentum. They anticipate studded jewelry growth of 22% YoY, with gold coins growth around 90%. The watches division is expected to grow 17% YoY, and eyewear by 10% YoY.
ONGC Q3 Results Preview: Motilal Oswal expects oil, gas, and VAP volumes to be flat YoY, with key monitorables including gas production ramp-up. Kotak Institutional Equities projects a 10% YoY decline in EBITDA due to weaker crude oil and gas price realizations, partially offset by better sales volume and currency effects.
Complete List of Companies Declaring Q3 Results
Here is a comprehensive schedule of companies set to announce their Q3 FY26 results from February 9 to February 14:
- February 9: BSE Limited, Zydus Lifesciences, Aurobindo Pharma, Linde India, GlaxoSmithKline Pharmaceuticals, and over 150 others.
- February 10: Titan Company, Eicher Motors, Grasim Industries, Britannia Industries, Apollo Hospitals Enterprises, Oil India, and more.
- February 11: Mahindra and Mahindra, Divis Laboratories, Ashok Leyland, Lenskart Solutions, Max Financial Services, and others.
- February 12: Hindustan Unilever, Oil and Natural Gas Corporation, Coal India, Hindalco Industries, Muthoot Finance, Lupin, and many more.
- February 13: Torrent Pharmaceuticals, Info Edge (India), Alkem Laboratories, Fortis Healthcare, Ipca Laboratories, and additional companies.
- February 14: PTC Industries, KRBL, Ahluwalia Contracts India, Rajesh Exports, and others.
Disclaimer: This story is for educational purposes only. Please consult with an investment advisor before making any investment decisions.
