Q3 Earnings 2026: Bajaj Finance, Adani Firms Lead 100+ Companies Reporting Today

Q3 Earnings Season 2026: Over 100 Companies to Announce Results Today

The third quarter earnings season for the financial year 2025-2026 continues to gather momentum, with a significant lineup of companies scheduled to release their financial results today. On Tuesday, February 3, approximately 100 firms are expected to declare their performance for the quarter ended December 31, 2025. This marks a crucial phase for investors and market analysts as corporate earnings provide key insights into the health of the Indian economy and specific sectors.

Marquee Companies in Focus

Among the prominent names set to announce their Q3 results are Bajaj Finance, Adani Enterprises, Adani Ports and Special Economic Zone, Varun Beverages, Pidilite Industries, NMDC, and Aditya Birla Capital. These companies represent diverse industries, from non-banking financial services and infrastructure to consumer goods and manufacturing, making today's announcements highly anticipated across the market.

Market Rebounds Ahead of Earnings

On Monday, the Indian stock market witnessed a robust recovery, breaking a two-day losing streak. The benchmark indices posted impressive gains, with the Sensex surging by 943.52 points, or 1.17%, to close at 81,666.46. Similarly, the Nifty 50 climbed 262.95 points, or 1.06%, to reclaim the 25,000 mark, finishing at 25,088.40. This rebound sets a positive tone as investors await the latest corporate earnings data.

Expert Insights on Market Trends

Siddhartha Khemka, Head of Research for Wealth Management at Motilal Oswal Financial Services, highlighted the significance of the ongoing earnings season. "Stock-specific action is likely to remain prominent as the Q3 earnings season gathers pace. Key results due tomorrow include Bajaj Finance, Adani Ports, Varun Beverages, and Adani Enterprises. Going ahead, market momentum may stay constructive in the near term, while global cues and earnings-related developments will continue to guide stock-specific moves," he stated.

Previews for Key Companies

Analysts have provided previews for some of the major companies reporting today:

Bajaj Finance: Motilal Oswal expects the company to deliver asset under management (AUM) growth of 22% year-on-year and 5% quarter-on-quarter. However, margins are anticipated to contract slightly, with net interest margin likely declining by 5 basis points quarter-on-quarter to 9.5%, and credit costs expected to drop by 7 basis points quarter-on-quarter to 2%. Key monitorables include commentary on NIM trajectory and credit costs.
Pidilite Industries: The brokerage firm projects the company to maintain a double-digit growth trajectory, with 12% revenue growth driven by volume growth of 12%. Gross margin is expected to expand by 70 basis points year-on-year to 55%, benefiting from benign raw material prices. EBITDA margin is forecast to rise marginally by 10 basis points year-on-year to 23.8%.
Varun Beverages: The company is anticipated to report 7% year-on-year growth in net sales for the December quarter. Gross margin may decline by 210 basis points, but EBITDA margin is expected to expand by 20 basis points year-on-year to 16%. International volumes are projected to increase by high single digits.