Q3 FY26 Earnings Season Begins: Key Banks to Announce Results Today

Q3 FY26 Earnings Season Kicks Off with Major Bank Announcements

The third quarter earnings season for fiscal year 2026 has officially begun. More than twenty companies plan to release their financial results for the quarter ending December 31, 2025, on Saturday, January 17. Analysts and investors are watching this period closely. They want to see signs of strong growth following the GST cuts announced on September 22, 2025. They also seek clues about how geopolitical uncertainties affect companies with global operations.

Key Banks Leading Today's Earnings Announcements

Several prominent banks are among the companies declaring their Q3 FY26 earnings today. The list includes HDFC Bank, ICICI Bank, Yes Bank, IDBI Bank, JK Cement, RBL Bank, and Punjab & Sind Bank. These financial institutions play a crucial role in India's economic landscape. Their performance often signals broader market trends.

HDFC Bank Q3 Results Preview

Brokerage firm Elara Capital expects HDFC Bank to report better momentum in loan growth. The firm anticipates the credit-deposit ratio will rise to between 98% and 100%. Deposit traction and composition in retail and other segments will be key factors to watch. The brokerage expects broadly steady net interest margins. However, the interplay between loan-to-deposit ratios, liquidity coverage ratios, and net interest margins will require close monitoring. Commentary on growth outcomes and net interest margins should dominate discussions.

Elara Capital further noted that asset quality should see another steady print. This will reflect curtailed slippages. The third quarter might show slightly higher slippages because it is a KCC quarter.

ICICI Bank Q3 Results Preview

The brokerage firm expects ICICI Bank to report another steady quarter. Loan growth and deposit growth should remain steady. Net interest margins are expected to stay broadly steady or improve. This largely benefits from the impact of the CRR cut. Analysts will monitor commentary on future trends. Slippages will likely rise marginally quarter-over-quarter, driven by agricultural slippages. Commentary on softer aspects, like management continuation, will be a key variable moving forward.

Punjab & Sind Bank Q3 Results Preview

Elara Capital expects Punjab & Sind Bank to report better business momentum. Sequential growth should be around 2% to 3% quarter-to-quarter. Net interest margins will likely remain steady or rise marginally. The firm expects a 5 to 10 basis points quarter-over-quarter rise. Better recovery from written-off accounts should lend support to earnings.