Q3 Earnings Season Begins: Over 20 Firms to Announce Results Today

The third quarter earnings season for FY26 has officially started. More than twenty companies will announce their financial results for the quarter ending December 31, 2025, on Tuesday, January 13.

Key Companies in Focus

Several prominent firms are scheduled to declare their earnings today. The list includes ICICI Prudential Life Insurance Company, ICICI Lombard General Insurance Company, Tata Elxsi, Just Dial, and Bank of Maharashtra. These companies represent diverse sectors of the Indian economy.

Analysts Monitor Growth Indicators

Analysts and investors are watching the Q3 FY26 results closely. They seek signs of strong growth, potentially driven by goods and services tax cuts announced on September 22, 2025. The market also aims to assess how global geopolitical uncertainties impact companies with international operations.

Brokerage firm Emkay Global shared an optimistic outlook in a recent note. "We see a pickup in earnings and a turnaround in Q3FY26, breaking the last six-quarter consolidation," the firm stated. "Our universe delivered topline growth of 10.7% year-on-year in Q3FY26 versus 5.6% in Q2FY26."

Emkay attributed this performance to a combination of factors. A pick-up in festive season demand and GST rate-cut tailwinds drove strong discretionary earnings. This led to a 14.5% growth in profit after tax.

Company-Specific Previews

ICICI Prudential Life Insurance Q3 Preview

According to Emkay Global, ICICI Prudential Life Insurance may post a 4% growth in retail annual premium equivalent for the December quarter. However, for the year-to-date period in FY26, the company could witness a 2% decline.

Tata Elxsi Q3 Preview

Brokerage firm Motilal Oswal Financial Services provided insights on Tata Elxsi. The company is expected to grow 1.8% quarter-on-quarter in constant currency terms. This growth anticipates normalization in high-level services and sequential growth in transportation.

The firm further expects EBIT margins to improve by 30 basis points to 18.8%. Higher utilization rates should aid this margin expansion.

"We expect revenue to grow 1.8% QoQ in constant currency terms in the third quarter," Motilal Oswal noted. "The US market may remain soft for automotive, but adjacencies like aerospace and commercial vehicles should perform better."

The brokerage emphasized monitoring commentary on Tier-1 clients, original equipment manufacturers, the media vertical, and margin recovery.