Q3 Earnings Season Hits Peak with 295 Companies Declaring Results Today
The Indian stock market is poised for a significant day as the fifth week of the Q3 earnings season unfolds. On Wednesday, February 11, approximately 295 companies are scheduled to announce their December quarter results for 2026, marking a crucial phase in the financial reporting calendar.
Key Players in the Spotlight
Among the notable firms releasing their Q3 results today are Mahindra & Mahindra (M&M), Lenskart Solutions, Ashok Leyland, LG Electronics, Max Financial, SJVN, and Divis Labs. Market analysts anticipate that these earnings declarations will continue to drive market trends, with a gradual upward bias expected in the indices.
Siddhartha Khemka, Head of Research at Motilal Oswal Financial Services Ltd, commented, "Key results due include M&M, Divi’s Labs, Ashok Leyland, LG Electronics, and Max Financials. As the Q3 earnings season enters its final leg, stock-specific action is likely to intensify. US export-oriented companies, following the recent trade deal, along with metal stocks, are expected to remain in focus."
Detailed Previews for Major Companies
Mahindra & Mahindra Q3 Preview: Brokerage firm Motilal Oswal projects a robust 32% year-on-year growth in earnings for M&M. The company notes that while auto volume growth has been strong, factors such as rising discounts quarter-over-quarter, adverse mix, and increasing input costs may limit margin expansion. Gains from the RBL stake sale are anticipated to boost other income in Q3.
Ashok Leyland Q3 Preview: Kotak Institutional Equities forecasts a 17% YoY revenue increase, driven by a 24% YoY volume growth, despite a 6% YoY decline in average selling prices. EBITDA margin is expected to rise by 15 basis points due to favorable net pricing and operating leverage benefits, partially offset by weaker segmental mix and commodity headwinds.
LG Electronics Q3 Preview: Motilal Oswal estimates a 5% YoY decline in revenue, with similar drops in the H&A and HE divisions. EBITDA is projected to fall by approximately 23% YoY, with operating profit margin declining 1.5 percentage points to around 6%. Adjusted profit after tax is expected to decrease by about 23% YoY to INR 1.8 billion.
Comprehensive List of Companies Declaring Results
Here is an extensive list of companies set to announce their Q3 2026 results on February 11:
- Mahindra and Mahindra (M&M)
- Divis Laboratories (DIVISLAB)
- Ashok Leyland (ASHOKLEY)
- LG Electronics India (LGEL)
- Lenskart Solutions (LENSKART)
- Max Financial Services (MFSL)
- Patanjali Foods (PATANJALI)
- Godrej Industries (GODREJIND)
- SJVN (SJVN)
- AstraZeneca Pharma India (ASTRAZEN)
- Bayer CropScience (BAYERCROP)
- Kirloskar Oil Engines (KOEL)
- TBO Tek (TBOTEK)
- Amara Raja Energy & Mobility (ARE&M)
- Elgi Equipments (ELGIEQUIP)
- Avanti Feeds (AVANTIFEED)
- Ircon International (IRCON)
- Concord Biotech (CONCORDBIO)
- Jupiter Wagons (JWL)
- Black Box (BBOX)
Additional companies include Amagi Media Labs, Orkla India, Mrs. Bectors Food Specialities, Valor Estate, Garware Technical Fibres, and many more across various sectors such as pharmaceuticals, technology, and manufacturing.
Disclaimer: This article is for educational purposes only. Investors are advised to consult with a qualified investment advisor before making any financial decisions.
