Q3 Results LIVE: IndusInd Bank NII Slips 13%, Profit Plunges Over 88%; Godrej Consumer Revenue Grows

Gandhar Oil Q3FY26 (Cons)

• Net Profit up 67.6% at Rs 32.39 crore vs Rs 19.33 (YoY) 
• Revenue up 16.1% at Rs 1,167 crore vs Rs 1,005 crore (YoY) 
• EBITDA up 42.2% at Rs 59.1 crore vs Rs 41.6 crore (YoY) 
• EBITDA margin at 5.06% vs 4.13% (YoY)

Granules India Q3FY26 (Cons)  

• Net Profit up 27.7% At Rs 150 crore vs Rs 118 crore (YoY) 
• Revenue up 22% at Rs 1,388 crore vs Rs 1,138 crore (YoY) 
• EBITDA up 33.8% at Rs 308 crore vs Rs 230 crore (YoY) 
• EBITDA Margin at 22.2% vs 20.2% (YoY)

Piramal Finance Q3FY26 (Cons, YoY) 

• Net Profit at Rs 400 crore vs Rs 38.6 crore (YoY) 
• Calculated NII up 31% at Rs 1,084 crore vs Rs 825 crore (YoY)

IndusInd Bank Q3FY26 Highlights

• Profit down 88.5% at Rs 161 crore Vs Rs 1,401 crore YoY 
• Gross NPA at 3.56% Vs 3.6% QoQ 
• Net NPA Flat at 1.04% QoQ 
• NII down 12.7% at Rs 4,562 crore Vs Rs 5,228 crore YoY 
• Op Profit down 35.9% at Rs 2,307 crore Vs Rs 3,599 crore YoY 
• Provisions up 19.8% at Rs 2,089 crore YoY

Godrej Consumer Products Q3 Highlights (Consolidated, YoY) 

• Revenue up 8.8% at Rs 4,099 crore versus Rs 3,768 crore
• EBITDA up 16.5% at Rs 880 crore versus Rs 756 crore
• EBITDA Margin at 21.5% versus 20.1% 
• Net Profit flat at Rs 498 crore 
• Dividend of Rs 5 per share

JSW Steel Q3 Highlights (Consolidated, QoQ) 

• Revenue up 1.9% at Rs 45,991 crore versus Rs 45,152 crore
• EBITDA down 8.7% at Rs 6,496 crore versus Rs 7,115 crore
• EBITDA Margin at 14.1% versus 15.8% 
• Net Profit up 31.8% at Rs 2,139 crore versus Rs 1,623 crore
• One-time exceptional item at Rs 529 crore

Urban Company Q3 Highlights (Consolidated, QoQ) 

• Revenue up 0.7% at Rs 383 crore versus Rs 380 crore
• EBITDA loss at Rs 35.3 crore versus loss of Rs 68.4 crore
• Net loss at Rs 21.3 crore versus loss of Rs 59.3 crore

Sona BLW Q3 Highlights (Consolidated, YoY) 

• Revenue up 38.2% at Rs 1,200 crore versus Rs 868 crore
• EBITDA up 26.4% at Rs 296 crore versus Rs 234 crore
• EBITDA Margin at 24.7% versus 27% 
• Net profit flat at Rs 151 crore 
• To pay interim dividend of Rs 1.6 per share

Sterlite Tech Q3 Highlights (Consolidated, YoY) 

• Revenue up 26% at Rs 1,257 crore versus Rs 998 crore
• EBITDA up 13.2% at Rs 120 crore versus Rs 106 crore
• EBITDA Margin at 9.5% versus 10.6% 
• Net loss at Rs 17 crore versus loss of Rs 24 crore

Laurus Labs Q3 Highlights (Consolidated, YoY) 

• Revenue up 25.7% at Rs 1,778 crore versus Rs 1,415 crore
• EBITDA up 68.4% at Rs 480 crore versus Rs 285 crore
• EBITDA Margin at 27% versus 20.2% 
• Net Profit at Rs 252 crore versus Rs 92 crore

Atul Q3 Highlights (Consolidated, YoY) 

• Revenue up 11.1% at Rs 7,074 crore versus Rs 1,417 crore
• EBITDA up 10.3% at Rs 247 crore versus Rs 224 crore
• EBITDA Margin at 15.7% versus 15.8% 
• Net Profit down 14.8% at Rs 161 crore versus Rs 189 crore

Karur Vysya Bank Q3 Highlights (YoY) 

• NII up 14.6% at Rs 1,239 crore versus Rs 1,081 crore
• Net Profit up 39% at Rs 690 crore versus Rs 496 crore
• Gross NPA at 0.71% versus 0.76% (QoQ)
• Net NPA flat at 0.19% (QoQ) 

Jefferies struck a note of caution on the export outlook. The brokerage highlighted that exports have declined sharply since the imposition of US tariffs, which has altered the company's geographic revenue mix. It added that the order book is now further skewed towards the US, increasing exposure to regulatory and trade-related risks.

Jefferies also flagged potential overhangs from the impending anti-dumping and countervailing duty implications, which could impact margins and order flows, given the company's growing dependence on the US market.

Bharat Electronics Ltd. has announced that a meeting of its Board of Directors is scheduled for Wednesday, Jan. 28. During the meeting, the Board will consider and approve the unaudited standalone and consolidated financial results for the quarter and nine months ended Dec. 31, 2025.

Paras Defence Q3 Highlights (Cons, YoY)

• Revenue rises 24% at Rs 106 crore versus Rs 85.8 crore.
• Ebitda rises 19% at Rs 26.2 crore versus Rs 22 crore.
• Ebitda Margin at 24.7% versus 25.7%.
• Net Profit up 21% at Rs 18.2 crore versus Rs 15 crore.

Adani Green Energy reported a 4.3% year-on-year (YoY) decline in consolidated total income to Rs 3,249 crore in Q2FY26 from Rs 3,396 crore in Q2FY25. Profit rose 25% YoY to Rs 644 crore in Q2FY26 from Rs 515 crore in Q2FY25. 

For a detailed breakdown of Cipla's performance in the December quarter, click this link.

Cipla Q3 Highlights (Consolidated, YoY) 

• Revenue flat at Rs 7,074 crore
• EBITDA down 37% at Rs 1,255 crore versus Rs 1,989 crore
• EBITDA Margin at 17.7% versus 28.1% 
• Net Profit down 57% at Rs 676 crore versus Rs 1,571 crore
• One time cost of Rs 276 crore due to new labour code.

Infobeans Technologies Q3 Highlights (Consolidated, QoQ) 

• Revenue up 7.19% at Rs 134.46 crore versus Rs 125.44 crore
• EBIT down 3.05% at Rs 24.15 crore versus Rs 24.91 crore
• EBIT Margin at 17.96% versus 19.85% 
• Net Profit down 14.68% at Rs 19.29 crore versus Rs 22.61 crore

Stylam Industries Q3 Highlights (Consolidated, YoY) 

• Revenue up 6.5% at Rs 271 crore versus Rs 255 crore
• EBITDA up 20.8% at Rs 55.6 crore versus Rs 46 crore
• EBITDA Margin at 20.5% versus 18.1% 
• Net Profit up 54.3% at Rs 46 crore versus Rs 29.8 crore

SG Mart Q3 Highlights (Consolidated, YoY) 

• Revenue up 21% at Rs 1,644 crore versus Rs 1,361 crore
• EBITDA down 65% at Rs 16.7 crore versus Rs 47.6 crore
• EBITDA Margin at 1% versus 3.5% 
• Net Profit down 61.7% at Rs 10.7 crore versus Rs 28 crore

BPCL reported a 169.5% year-on-year (YoY) rise in consolidated net profit to Rs 6,191.49 crore in Q2FY26 from Rs 2,297.23 crore in Q2FY25. Total income grew 3.3% YoY to Rs 1,22,557.47 crore in Q2FY26 from Rs 1,18,646.20 crore in Q2FY25.

JSW Steel Q2FY26 Results

JSW Steel saw a 13.77% YoY increase in consolidated revenue from operations to Rs 45,152 crore in Q2FY26 from Rs 39,684 crore in Q2FY25. Profit after tax increased 307.4% YoY to Rs 1,646 crore in Q2FY26 from Rs 404 crore in the same period in the previous financial year.

• Adani Green Energy Ltd.
• Advani Hotels & Resorts (India) Ltd.
• Anka India Ltd.
• Ashish Polyplast Ltd.
• Atul Ltd.
• BFL Asset Finvest Ltd.
• BEML Land Assets Ltd.
• Bloom Dekor Ltd.
• Bharat Petroleum Corporation Ltd.
• Capfin India Ltd.
• Cella Space Ltd.
• Cipla Ltd.
• DB International Stock Brokers Ltd.
• DCB Bank Ltd.
• Deccan Polypacks Ltd.
• D.P. Abhushan Ltd.
• Gandhar Oil Refinery (India) Ltd.
• Godrej Consumer Products Ltd.
• Gold Coin Health Foods Ltd.
• Golden Crest Education & Services Ltd.
• Granules India Ltd.
• Indo Cotspin Ltd.
• India Cements Ltd.
• Indusind Bank Ltd.
• Innova Captab Ltd.
• Jattashankar Industries Ltd.
• JSW Energy Ltd.
• JSW Steel Ltd.
• Jyoti Structures Ltd.
• Kirloskar Pneumatic Company Ltd.
• Laurus Labs Ltd.
• Libord Finance Ltd.
• Likhami Consulting Ltd.
• Multi Commodity Exchange of India Ltd.
• Nectar Lifesciences Ltd.
• Next Mediaworks Ltd.
• Nuvama Wealth Management Ltd.
• Onesource Specialty Pharma Ltd.
• Paras Defence and Space Technologies Ltd.
• Piramal Finance Ltd.
• Sampann Utpadan India Ltd.
• SG Finserve Ltd.
• SG Mart Ltd.
• Shree Ganesh Remedies Ltd.
• Shriram Finance Ltd.
• Sona BLW Precision Forgings Ltd.
• Sterlite Technologies Ltd.
• Stylam Industries Ltd.
• Sumeru Industries Ltd.
• Umiya Tubes Ltd.
• Urban Company Ltd.
• Veefin Solutions Ltd.
• Welspun Specialty Solutions Ltd.
• Yash Management & Satellite Ltd.
• Zenotech Laboratories Ltd.