Q3 Results Today Highlights: IndusInd Bank Q3 profit slumps 89%, JSW Steel's rise nearly 3 fold

Piramal Finance delivered a strong turnaround in the December quarter, reporting a consolidated net profit of ₹400.17 crore in Q3FY26, compared with ₹38.56 crore in the same period last year. The improvement was supported by stable operating performance, with revenue from operations rising by over 3% year-on-year to ₹2,917.68 crore during the quarter.

Urban Company reported a strong increase in topline for the December quarter, with consolidated revenue from operations rising 33% year-on-year to ₹382.68 crore in Q3FY26, compared with ₹287.92 crore in the same period last year. However, the company slipped back into the red, reporting a loss of ₹21.26 crore during the quarter, against a net profit of ₹231.84 crore in Q3FY25.

The company attributed the return to losses to higher investments in new growth initiatives. Urban Company said its consolidated operations had achieved adjusted EBITDA breakeven in FY25, but near-term profitability will remain under pressure as spending increases.

IndusInd Bank reported a sharp deterioration in earnings for the December quarter, with net profit plunging 88.5% year-on-year to ₹161.16 crore in Q3FY26, compared with ₹1,401.28 crore in the same quarter last year. Operating performance was also under pressure, as net interest income declined 13% YoY to ₹4,561.65 crore during the quarter. The bank reported a slight improvement in asset quality during the quarter, with the gross NPA ratio easing to 3.56% from 3.60% in Q2FY26, while the net NPA ratio remained unchanged at 1.04%.

Commenting on the performance, IndusInd Bank MD and CEO Rajiv Anand said the lender remained focused on optimising its balance sheet by exiting unprofitable loans and deposits, while also maintaining a cautious stance on microfinance disbursements. He added that operating performance stayed steady, with pre-provision operating profit rising 11% quarter-on-quarter to ₹2,270 crore. Anand noted that asset quality trends have remained stable across core businesses, though he pointed out that the microfinance segment is beginning to show early signs of industry-wide stress.

Godrej Consumer Products Ltd reported a largely steady performance for the third quarter, with consolidated net profit coming in at ₹498 crore, slightly lower than the level recorded in the corresponding period last year. Despite the muted bottom-line performance, the company saw healthy topline growth, with revenue from operations rising 9% year-on-year to ₹4,099.12 crore during the quarter.

JSW Steel posted a sharp improvement in its Q3FY26 performance, with consolidated net profit surging 198% year-on-year to ₹2,139 crore, compared with ₹717 crore in the same quarter last year. The strong bottom-line growth was supported by higher operating momentum, as revenue from operations increased 11% YoY to ₹45,991 crore during the quarter.

Kirloskar Pneumatic reported a healthy year-on-year performance, with net profit rising 15.9% to ₹42.2 crore, compared with ₹36.4 crore in the year-ago period. Revenue increased 18.8% YoY to ₹406.9 crore, up from ₹342.6 crore. Operating performance strengthened sharply, with EBITDA surging 60.6% to ₹79.2 crore from ₹49.3 crore a year earlier. As a result, EBITDA margin expanded to 19.5%, compared with 14.4% in the corresponding period last year.

Atul Ltd reported a strong performance for the October–December quarter, with net profit surging 47.8% year-on-year to ₹160.7 crore, compared with ₹108 crore in the same period last year.

The company’s revenue grew 11.1% YoY to ₹1,573.6 crore, up from ₹1,416.8 crore in the corresponding quarter. Operating performance also improved, with EBITDA rising 10.5% to ₹247.4 crore, compared with ₹223.8 crore a year earlier.

EBITDA margins remained broadly stable at 15.7%, marginally lower than 15.8% reported in the year-ago quarter, indicating steady operating efficiency despite cost pressures.

Q3 Results Today LIVE: Laurus Labs’ net profit in Q3FY26 jumped 173% to ₹251.6 crore from ₹92.3 crore, while its revenue increased 25.7% to ₹1,778.3 crore from ₹1,415 crore, YoY. EBITDA grew 68% to ₹481 crore from ₹286 crore, while margin improved to 27% from 20.2%, YoY.

Q3 Results Today LIVE: Karur Vysya Bank reported a net profit of ₹690 crore in Q3FY26, registering a growth of 39% from ₹496 crore, YoY. Net Interest Income (NII) increased 15% to ₹1,239.3 crore from ₹1,081.4 crore, YoY.

Q3 Results Today LIVE: Adani Green Energy Q3 net profit slumps 99% to ₹5 crore from ₹474 crore, YoY. Revenue from operations up 12% to ₹2,618 crore from ₹2,340 crore, YoY.

Q3 Results Today LIVE: Paras Defence and Space Technologies reports its Q3 results (YoY):

> Net profit rises 21.3% to ₹18.2 crore from ₹15 crore

> Revenue grows 24% to ₹106.4 crore from ₹85.8 crore

> EBITDA increases 19% to ₹26.3 crore from ₹22 crore

> EBITDA margin declined to 24.7% from 25.8%

Q3 Results Today LIVE: Shriram Finance Q3 net profit fell 29.4% YoY to ₹2,521 crore, while Net Interest Income (NII) rose 17.6% to ₹6,574 crore. Asset quality improved sequentially, as gross NPA ratio eased to 4.54% from 4.57%, while net NPA ratio declined to 2.38% from 2.49%, QoQ. Provision Coverage Ratio increased to 48.77% from 46.70%, QoQ.

Q3 Results Today LIVE: Cipla’s India business delivered growth of 10% YoY in Q3FY26. Overall Chronic mix improved to 62.3% in the market

North America: Delivered quarterly revenue of $167 million.

Emerging Markets and Europe: Delivered fourth consecutive quarterly revenue above $100 million+, recording a 7% YoY growth in USD terms.

Q3 Results Today LIVE: Cipla share price declined over 3% after reporting Q3 results. Cipla shares fell as much as 3.75% to an intraday low of ₹1,320 apiece on the BSE. The pharma stock was trading 3.53% lower at ₹1,323.20 apiece.

Q3 Results Today LIVE: Pharma major Cipla’s net profit in Q3FY26 fell 57% to ₹675.8 crore from ₹1,570.5 crore, YoY. Revenue was at ₹7,075 crore as against ₹7,073 crore, YoY. AT the operational level, EBITDA decreased 36.7% to ₹1,255 crore from ₹1,989 crore, while EBITDA margin dropped to 17.7% from 28.1%, YoY.

Q3 Results Today LIVE: JSW Steel’s EBITDA per ton in Q3FY26 is anticipated to decrease sequentially. While higher volumes are expected to offer some support against lower realizations and a sequential rise in coking coal prices, this will lead to a margin compression effect for the quarter.

“We expect JSW Steel to report EBITDA of ₹66.9 billion, translating into an EBITDA margin of 15.0% (vs 15.8% in Q2FY26), impacted by softer steel realizations and higher coking coal prices, partly offset by weak to flattish iron ore pricing. EBITDA is projected to grow 20% YoY; however, we expect a 5.9% sequential decline, reflecting the subdued pricing environment during the quarter. Sales Volume Assumption is expected to come at 7.52 million tonnes,” said Yes Securities.

Q3 Results Today LIVE: Stylam Industries Q3 results (YoY)

> Net profit rises 54.4% to ₹46 crore from ₹29.8 crore

> Revenue rises 6.5% to ₹271 crore from ₹254.5 crore

> EBITDA grows 21.3% to ₹56 crore from ₹46 crore

> EBITDA margin improves to 20.6% from 18.1%

Q3 Results Today LIVE: Godrej Consumer Products is expected to report 9.0% YoY volume and 11.6% YoY revenue growth in India business, aided by Home care vertical, where momentum remains robust and personal care vertical, which has seen recovery in soaps category. Indonesia business is likely to register a 6.0% YoY decline, weighed by pricing impact; and GAUM business to continue strong growth (20.0% YoY), according to Asit C. Mehta Investment Intermediates Ltd.

This leads to a consolidated revenue estimate of ₹4,113 crore, a growth of 9.1% YoY and 7.5% QoQ, which is a recovery from the low/mid-single digit growth 4 out of last 5 quarters. Consolidated EBITDA margins are likely to see an improvement of 94 bps YoY/ 183 bps QoQ, aided by benefit of palm oil price reduction, cost rationalization and operating leverage.

The brokerage firm expects EBITDA to be at ₹864 crore, an increase of 14.3% YoY and 17.8% QoQ, while Adjusted Net Profit of ₹578 crore, a rise of 15.1% YoY and 20.3% QoQ.

GCPL stock price is currently trading at 57.5/46.7/41.9x FY26E/27E/28E EPS. The brokerage firm has a ‘Buy’ rating on Godrej Consumer Products stock with a target price of ₹1,440 based on 51x PE assigned to 4-quarter ending Sep-27E EPS of Rs. 28.5.

Q3 Results Today LIVE: Nuvama Institutional Equities anticipates a poor performance for Cipla in the quarter ended December 2025 due to the decline in sales of gRevlimid, which is resulting in a less favorable product mix in the US market. The brokerage forecasts a 10% YoY growth for the Indian market.

Cipla’s Yurpeak (Tirzepatide) has yet to appear in the monthly figures, so it is unlikely to make a significant impact during Q3FY26. The US segment is projected to see a downturn as gRevlimid loses its significance.

“Additionally in absence of major launch and price erosion in gRevlimid, we think Cipla’s US business can be $205 million during Q3FY26. We build 10% YoY decline each in Cipla’s EBITDA with EBITDA margins at 23.3% in Q3FY26,” said the brokerage firm.

Q3 Results Today LIVE: IndusInd Bank’s net profit in Q3FY26 is expected to tank 99% to ₹13.3 crore from ₹1,401 crore, year-on-year (YoY), while the bank’s Net Interest Income (NII) is expected to fall 15.1% to ₹4,441 crore from ₹5,228 crore, YoY, according to the report from PL Capital.

Margins are projected to rise by 8 basis points QOQ, reaching 3.60%. Provisions are anticipated to decline by 20.0% sequentially as a result of a higher base effect. There is an expected deterioration in GNPA by 2 basis points compared to the previous quarter. Credit costs are expected to drop by 58 basis points quarter over quarter.

Q3 Results Today LIVE: Nuvama Wealth Management, Urban Company, Veefin Solutions, Welspun Specialty Solutions, Piramal Finance, Paras Defence and Space Technologies, Sumeru Industries ,among others will also declare their Q3 results today.

Q3 Results Today LIVE: The major companies that will announce their Q3 results today include Adani Green Energy Ltd, Cipla, DCB Bank, Godrej Consumer Products, Granules India, India Cements, IndusInd Bank, JSW Energy, JSW Steel, Karur Vysya Bank, Laurus Labs, Multi Commodity Exchange of India (MCX), Shriram Finance, Sona BLW Precision Forgings, and Sterlite Technologies.

Q3 Results Today LIVE: More than 50 Indian companies will release their Q3 results today. According to the earnings calendar from NSE and BSE, as many as 54 companies will report their earnings for the third quarter of FY26 today, 23 January 2026.