Published on 05/02/2026 08:41 AM
Q3 results today: Around 180 companies will be releasing their financial results for the quarter ending on December 31, 2025, on Thursday, February 5, in the fourth week of Q3 earnings FY26 season.
Bharti Airtel, Nykaa, RVNL, Life Insurance Corporation of India (LIC), Indian Oil Corporation (IOC), Hero Motocorp, Tata Motors Passenger Vehicles, Power Finance Corporation, Bharti Hexacom, Rail Vikas Nigam, Suzlon Energy, and Hindustan Copper are some of the marquee companies to declare their Q3 results today.
The ongoing Q3 results season will continue to drive the Indian stock market this week, according to market experts.
On Wednesday, domestic markets ended marginally higher despite heavy losses in IT stocks. The Sensex rose 78.56 points, or 0.09%, to settle at 83,817.69, while the Nifty 50 added 48.45 points, or 0.19%, to close at 25,776.00.
Brokerage firm Motilal Oswal expects 3% quarter-to-quarter (QoQ) growth in consolidated revenue driven by robust growth in Homes and Africa (favorable FX changes).
Meanwhile, consolidated EBITDA is also anticipated to rise 3% QoQ, aided by a healthy show in Homes and Africa.
“Expect 1.4% QoQ growth in India wireless revenue and EBITDA. Expect wireless ARPU of INR258 (+0.8% QoQ) and 3.5m/6m paying wireless/4G-5G net adds,” the firm said.
The brokerage firm expects new business growth on a YoY basis is projected to be in double digits.
“Strong agency leadership with rising emphasis on banca channel. VNB margins to decline due to loss of input tax credit on policies, while absolute VNB to grow in double digits. Growth outlook and acquisition of a health insurance company key watch areas,” Motilal Oswal said in a note.
Motilal Oswal expects the volume to grow 22% year-on-year (YoY), fueled by the strong festive and marriage season demand. “Led by operating leverage benefits, we expect the India margin to improve 160bp QoQ to 7.3%. After the cyber incident in 2Q, we expect JLR to post a steady recovery in volumes (+18% QoQ). Given this, we expect JLR’s margins to improve to 5.4%, from -1.6% QoQ,” the firm said.
The brokerage firm expects refinery throughput of 18.8mmt or 4% YoY.
“Petchem cracks have remained subdued, which should have a bearing on the company’s petchem division. Expect reported GRM at USD9/bbl, with gross marketing margin at INR5.8/lit,” the firm said.
Disclaimer: This story is for educational purposes only. Please consult with an investment advisor before making any investment decisions.
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