Earning

Indian IT services firms report Q3 earnings that exceed expectations, suggesting the worst might be over. With a focus on AI integration and improving deal quality, experts believe a measured recovery is in sight, despite ongoing global challenges and cautious spending trends.

The CD ratio remains an important metric for sustainable profitability, but it needs to be viewed over a longer horizon rather than on a quarter-to-quarter basis, chief financial officer Srinivasan Vaidyanathan said during the bank’s Q3 earnings call on Saturday.

YES Bank Q3 results: Profit jumped 55% YoY. NII for Q3FY26 grew 10.9% YoY. NIM (net interest margin) for the quarter improved 20 bps YoY and 10 bps QoQ to 2.6%.

JioStar’s third-quarter revenue rose 11.6% quarter-on-quarter to ₹6,896 crore, while its profit before tax fell 32.2% to ₹898 crore. Earnings before interest, taxes, depreciation, and amortization, or Ebitda, fell to ₹1,303 crore versus ₹1,738 crore in the previous quarter.

Jio Platforms, which houses Reliance Industries Ltd’s telecom and digital services business, reported a 3.4% sequential and 11.2% year-on-year growth in net profit to ₹7,629 crore during the quarter.

Reliance Q3 results: Mukesh Ambani-owned Reliance Industries (RIL), on Friday, January 16, reported a nearly 2% year-on-year (YoY) rise in its consolidated profit to ₹22,167 crore. Consolidated EBITDA rose by 6.1% YoY, while EBITDA margin shrank by 70 bps YoY to 17.3% for Q3FY26.

Tata Tech Q3 results: Profit plunged 96% due to the impact of new labour codes. Consolidated revenue from operations for the quarter rose 3.7% YoY to ₹1,365.73 crore from ₹1,317.38 crore in the same quarter last year.

Federal Bank's net profit rose 9% year-on-year to ₹1,041 crore while net interest income of the bank rose over 9% to ₹2,653 crore.