The much-anticipated third quarter earnings season for the financial year 2025-26 is poised to commence in the coming week, setting the tone for corporate India's performance. The season will be inaugurated by information technology giants Tata Consultancy Services (TCS) and HCL Technologies, which are scheduled to announce their financial results on Monday, January 12, 2026.
Earnings Wave: Over 120 Companies in Focus
This earnings wave will see a broad spectrum of India Inc. disclosing their financial health for the quarter that ended on December 31, 2025. More than 120 companies are lined up to report their numbers in the week starting January 12. The list includes several marquee names that are closely watched by investors and analysts alike. Key companies declaring results include Infosys, Wipro, HDFC Bank, Groww, ICICI Bank, Tech Mahindra, and Tata Technologies.
TCS Q3 FY26 Results Preview
Analysts have shared their expectations ahead of the official announcements. According to a preview from brokerage firm Axis Securities, TCS is likely to report a quarter-on-quarter (QoQ) topline growth of 2.6%. This growth is expected to be driven by strength in the Banking, Financial Services and Insurance (BFSI) and Hi-tech verticals, along with favourable cross-currency movements.
However, the company's EBIT margins are projected to see a slight contraction. Axis Securities anticipates a decline of 28 basis points (bps) in margins, attributed to the impact of wage hikes, increased investments, and a lower number of working days during the quarter. Investors are advised to monitor key metrics such as the total contract value (TCV) of new deals, the outlook for various business verticals, and updates on the BSNL advance purchase order deal.
HCL Technologies Q3 FY26 Results Preview
For HCL Technologies, Axis Securities forecasts a stronger sequential revenue growth of 4.5% QoQ. This anticipated performance is largely led by seasonal strength in the Engineering, Research & Development (ER&D) and software businesses. On the profitability front, the brokerage expects a significant improvement, with EBIT margins expanding by 187 bps QoQ.
This margin expansion is likely to be powered by tailwinds from currency movements, which may partially offset the impact of wage revisions. Key factors for stakeholders to watch will include the deal TCV and pipeline, the performance of the ER&D and services segments, the pace of Generative AI (GenAI) adoption, and any updates to management's guidance.
HDFC Bank Q3 FY26 Results Preview
In the banking sector, all eyes will be on HDFC Bank, which is set to report later in the week. Brokerage firm Elara Capital expects the private sector lender to show improved momentum in loan growth while maintaining steady Net Interest Margins (NIMs). The interplay between key ratios like the Loan-to-Deposit Ratio (LDR), Liquidity Coverage Ratio (LCR), and NIMs will be a critical monitorable.
"The key factor to watch for will be deposit traction and the composition in the form of 'retail and others'. We expect the Credit-Deposit (CD) ratio to rise within the 98-100% band. Further commentary on the direction of CD ratios will need to be watched," Elara Capital noted in its preview.
Full Schedule of Q3 Result Announcements
Here is a comprehensive day-wise list of companies declaring their Q3 FY26 results from January 12 to January 17, 2026.
January 12, 2026
Companies reporting include Tata Consultancy Services, HCL Technologies, GTPL Hathway, Maharashtra Scooters, and Lotus Chocolate Company, among others.
January 13, 2026
This day will see results from ICICI Lombard General Insurance, ICICI Prudential Life Insurance, Bank of Maharashtra, Just Dial, and Tata Elxsi.
January 14, 2026
A major day for IT and financial services, with Infosys, Groww Mutual Fund, HDFC Asset Management, ICICI Prudential Asset Management, and Indian Overseas Bank scheduled to announce their numbers.
January 15, 2026
Key announcements expected from Angel One, HDFC Life Insurance, Jio Financial Services, L&T Technology Services, and The South Indian Bank.
January 16, 2026
This is poised to be a blockbuster day, with market heavyweights Reliance Industries, Wipro, and Tech Mahindra declaring results. Other notable names include Polycab India, Poonawalla Fincorp, Tata Technologies, and Federal Bank.
January 17, 2026
The week concludes with results from banking titans HDFC Bank and ICICI Bank. Other companies reporting include Can Fin Homes, JK Cement, and Yes Bank.
Disclaimer: This news article is for informational and educational purposes only. Readers are strongly advised to consult with a certified investment advisor before making any financial decisions.
