Q3 results 2026: The market will enter the third week of Q3 earnings, with around 500 companies scheduled to release their financial results for the quarter ended December 31, 2025, in the coming week.
Axis Bank, Larsen & Toubro, Bharat Electronics, Vodafone Idea, Maruti Suzuki, ITC, Bajaj Auto, Paytm (One97 Communications), among marquee companies, to release Q3 results FY26 next week.
According to market experts, the ongoing Q3 earnings season will continue to drive the Indian stock market next week, however, expects the overall sentiment to remain cautious. “With the Q3 earnings season still underway, stock-specific movements are expected to remain prominent. Overall sentiment is likely to stay cautious, shaped by global developments, currency trends, and earnings outcomes, with selective opportunities emerging in segments supported by resilient domestic demand,” said Vinod Nair, Head of Research, Geojit Investments Limited.
Axis Bank Q3 results preview
Brokerage firm Elara Capital expects better quarter-to-quarter (QoQ) growth in the loan book but a softer deposit growth.
“NIMs are likely to drop (driven by loan mix change), while the impact of the recent repo rate cut will bear fruit, largely in Q4. Opex trend would lend support to core PPoP growth.
Monitor the asset quality. Q3, a seasonally soft quarter on agri slippages and trajectory of technical slippages will need to be watched,” the brokerage firm said.
Bajaj Auto Q3 results preview
Brokerage firm Axis Securities anticipates revenue to rise by 18% year-on-year (YoY), driven by a 16% increase in volumes due to strong domestic growth, higher exports and increased vehicle prices over the past year.
“EBITDA margins are expected to increase by ~51 bps YoY and remain flat QoQ, supported by a richer product mix and cost control initiatives,” the firm said in a note.
ITC Q3 results preview
According to Elara Capital, ITC revenue growth likely to be 7%, led by 5% cigarette volume growth, however, the recent tax increase by the government will remain an overhang.
The brokerage firm further expects the FMCG giant to post 7.2% YoY and 0.1% growth in EBITDA for the December quarter FY26.
