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Q3 Results Highlights: IndiGo Profit Suffered On Flight Disruptions, New Labour Codes; Bandhan Bank Profit Grew

At least 57 companies announced their results on Jan. 22.

Q3 Results Highlights: IndiGo Profit Suffered On Flight Disruptions, New Labour Codes; Bandhan Bank Profit Grew
11 hours ago

NDTV Profit's coverage of the December quarter earnings season from India Inc has ended for Thursday. Over 50 companies announced their results on Jan. 22 including Bandhan Bank, DLF Ltd., Go Digit General Insurance Ltd., Ideaforge Technology Ltd., and InterGlobe Aviation Ltd., among others.

The earnings season is only going to intensify, we will be back tomorrow with the latest updates! Until then, this is Khushi signing off. Goodnight!

End Of Coverage

The Q3 live blog has ended for today!

Q3 Results LIVE: Zensar Technologies Profit Rises 10%, Interim Dividend Declared

Zensar Technologies Q3FY26 (Consolidated)
  • Profit up 9.7% at Rs 200 crore vs Rs 182 crore QoQ

  • Revenue up 0.7% at Rs 1431 crore vs Rs 1,421 crore QoQ

  • EBIT up 17.9% at Rs 230 crore vs Rs 195 crore QoQ

  • Margin at 16% vs 13.7% QoQ

To pay interim dividend of Rs 2.4/share

Q3 Results LIVE: Cigniti Tech Profit Declines 3%

Cigniti Technologies Q3FY26 (Consolidated)

  • Profit down 2.8% at Rs 80.3 crore vs Rs 82.6 crore QoQ
  • Revenue up 2.1% at Rs 579 crore vs Rs 567 crore QoQ
  • EBIT up 9.4% at Rs 99 crore vs Rs 90.5 crore QoQ
  • Margin at 17.1% vs 16% QoQ

Q3 Results LIVE: Ideaforge Technology Net Loss Widens

Ideaforge Tech Q3 FY26 Highlights (Cons, YoY)

  • Net loss at Rs 33.9 crore vs loss of Rs 24 crore YoY

  • Revenue up 79% at Rs 31.5 crore vs Rs 17.6 crore YoY

  • Ebitda loss at Rs 26.5 crore vs loss of Rs 17.5 crore YoY

Q3 Results LIVE: Tanla Platforms Revenue & Profit Rise, Margin Expands

Q3FY26 Highlights (Cons, QoQ)

  • Profit up 5.1% at Rs 131 crore vs Rs 125 crore QoQ

  • Revenue up 3.94% at Rs 1,121 crore vs Rs 1,078 crore QoQ

  • EBITDA up 4.1% at Rs 1,155 crore vs Rs 1,109 crore QoQ

  • Margin at 103% vs 102.9% QoQ

Q3 Results LIVE: Premier Energies Profit Surges 54%

Premier Energies Q3FY26 Highlights (Cons, YoY)    

  • Profit up 53.5% at Rs 392 crore Vs Rs 255 crore YoY

  • Revenue up 13% at Rs 1,936 crore Vs Rs 1,713 crore YoY

  • EBITDA up 15.5% at Rs 593 crore Vs Rs 513 crore YoY

  • Margin at 30.6% Vs 30% YoY

Q3 Results LIVE: Syngene International Profit Plunges Nearly 90%

Q3FY26 Highlights (Cons, YoY)

  • Profit down 88.6% at Rs 15 crore vs Rs 131.1 crore YoY

  • Revenue down 2.8% at Rs 917 crore vs Rs 944 crore YoY

  • EBITDA: Down 26.2% at Rs 209 crore vs Rs 284 crore YoY

  • Margin: At 22.8% vs 30.1% YoY

One-Time Loss of Rs 70.6 crore in Q3. Loss of Rs 70.6 crore was due to New Labour Codes

Q3 Results LIVE: Go Digit Profit Grows 18.2%

  • Profit up 18.2% at Rs 140 crore vs Rs 119 crore
  • Total Income up 5.3% at Rs 2,498 crore vs Rs 2,372 crore

Q3 Results LIVE: GSPL Profit & Revenue Down

GSPL Q3FY26 Highlights (Cons, QoQ)

  • Profit down 1.5% at Rs 257 crore vs Rs 261 crore QoQ

  • Revenue down 3.1% at Rs 3,885 crore vs Rs 4,008 crore QoQ

  • EBITDA down 1.2% at Rs 613 crore vs Rs 621 crore QoQ

  • Margin at 15.8% vs 15.5% QoQ

Q3 Results LIVE: DLF Revenue Jumps Over 32%

DLF Q3FY26 Highlights (Cons, YoY)

  • Profit up 13.7% at Rs 1,203 crore vs Rs 1,059 crore YoY

  • Revenue up 32.2% at Rs 2,020 crore vs Rs 1,529 crore YoY

  • EBITDA down 2.5% at Rs 390 crore vs Rs 400 crore YoY

  • Margin 19.3% vs 26.2% YoY

Q3 Results LIVE: Adani Total Gas Sees Profit & Revenue Tick Higher

Adani Total Gas Q3FY26 Highlights (Cons, YoY)    

  • Profit up 11.4% at Rs 159 crore vs Rs 142 crore YoY 
  • Margin at 18.6% vs 18.9% YoY 
  • EBITDA up 15.3% at Rs 305 crore vs Rs 265 crore YoY 
  • Revenue up 17% At Rs 1,639 crore vs Rs 1,401 crore YoY 

Q3 Results LIVE: Borana Weaves Profit & Revenue Surge

Borana Weaves Q3FY26 Highlights Cons, YoY

  • Margin at 24.3% vs 22.9% YoY 
  • Ebitda up 50.1% at Rs 27.1 crore vs Rs 17.9 crore YoY 
  • Revenue up 42% at Rs 111 crore vs Rs 78.4 crore YoY 
  • Net Profit up 64.5% at Rs 18.7 crore vs Rs 11.4 crore YoY

Q3 Results LIVE: Bluestone Jewellery Swings To Profit

Bluestone Jewellery Q3 FY26 Highlights
  • EBITDA at Rs 166 crore vs Rs 50 crore YoY 
  • Margin at 22.21% vs 8.51% YoY 
  • Revenue up 27.5% at Rs 749 crore vs Rs 587 crore YoY 
  • Net profit at Rs 69.1 crore vs loss of Rs 26.9 crore YoY

Q3 Results LIVE: Home First Finance Profit Jumps 44%

Home First Finance Q3FY26 Highlights
  • Net Profit up 43.9% at Rs 140 crore vs Rs 97.4 crore YoY 

  • Calculated NII up 44% at Rs 235 crore vs Rs 163 crore YoY

Q3 Results LIVE: IndiGo Expects Mid Single Digit Moderation In Unit Revenue In Q4

IndiGo management said: 

  • Expect early to mid-single-digit moderation in unit revenue in Q4
  • Yet to conclude the planning related to summer schedule deployment; cannot give a guidance on growth
  • Expect unit cost to increase by mid-to-single digit for FY26 compared to FY25

Q3 Results LIVE: IndiGo Management Commentary

  • Operating around 2,100-2,200 daily flights every day post the flight cancellation fiasco
  • PAT would have been Rs 3,130 crore excluding the one-off impact and forex loss

Q3 Results LIVE: Ixigo's Net Profit Soars 57%

Ixigo Q3FY26 Highlights (Cons, YoY)

  • Revenue up 31.3% at Rs 318 crore versus Rs 242 crore YoY 
  • Net Profit up 56.8% at Rs 24.3 crore versus Rs 15.5 crore YoY
  • Margin at 8.3% versus 8.9% YoY 
  • EBITDA up 23.4% at Rs 26.4 crore versus Rs 21.4 crore YoY

IndiGo Results Live: Net Profit Misses Estimates

IndiGo Results Live: Management Claims All Refunds Given To Customers

In a joint post-earnings presser IndiGo management said all refunds given to customers and that the Rs 10,000 vouchers have been actioned. 

Q3 Results LIVE: IndiGo Continues To Have Curtailed Flight Schedule

While speaking to NDTV Profit IndiGo management said: 

  • Rs 577 crore is a tangible number on flight disruptions 
  • Every quarter has different dynamics 
  • In Q4 we continue with curtailed flight schedule 
  • We will have impact even on that quarter
  • Too premature to give an overall impact number as of now

Q3 Results LIVE: Cyient Net Profit Slips 28%

Cyient Q3FY26 Highlights (Cons, QoQ)

  • Revenue up 3.8% At Rs 1,849 crore vs Rs 1,781 crore QoQ
  • Net Profit down 28% at Rs 91.8 crore vs Rs 128 crore QoQ
  • EBIT up 14% at Rs 167 crore vs Rs 147 crore QoQ
  • EBIT Margin At 9% vs 8.2% QoQ 

 

 

Q3 Results LIVE: IndiGo CEO Addresses Post-Earnings Presser

Pieter Elbers CEO IndiGo addresses December disruptions: 

  • Saw major operational disruption in December
  • October and November started very well
  • The beginning of December was challenging
  • Impact of special items was significant in this quarter
  • Change in labour law made  impacted by almost Rs 1000 crore
  • Currency movement was another factor, took almost 1000 crore hit in this quarter
  • Hence we have a profit of Rs 549 crore

Q3 Results LIVE: Mphasis Net Profit Slides, Margin Flat

Mphasis Q3FY26 Highlights (Cons, QoQ)

  • Revenue up 2.6% at Rs 4,003 crore versus Rs 3,902 crore QoQ 
  • Net Profit down 5.7% at Rs 442 crore versus Rs 469 crore QoQ
  • EBIT up 2.2% at Rs 609 crore versus Rs 596 crore QoQ 
  • EBIT margin at 15.2% versus 15.3% QoQ 
     

Q3 Results LIVE: IndiGo Suffers Exceptional Loss Of Rs 1,547 Crore

Government's new labour codes and large scale flight disruptions in December costed India's largest airline over Rs 1,500 crore in exceptional losses. 

  • Exceptional loss owing to new labour code was Rs 969 crore
  • Exceptional loss owing to flight disruption Rs 577 crore

Q3 Results LIVE: Bandhan Bank Profit Dips 29%

Bandhan Bank Q3FY26 Highlights

  • Op Profit down 28.5% at Rs 1,445 crore versus Rs 2,021 crore YoY
  • Provisions down 16.1% at Rs 1,155 crore versus Rs 1,376 crore YoY
  • NII down 4% at Rs 2,688 crore versus Rs 2,814 crore YoY
  • Net NPA at 0.99% versus 1.37% QoQ
  • Gross NPA at 3.33% versus 5.02% QoQ
  • Net Profit down 51.8% at Rs 206 crore versus Rs 426 crore YoY

Q3 Results LIVE: Exceptional Loss Drags IndiGo Profit 78%

InterGlobe Aviation Q3 FY26 Highlights (Cons, YoY)

  • Revenue up 6.15% at Rs 23,472 versus Rs 22,111
  • EBITDAR up 5.45% at Rs 6,990 crore versus Rs 6,635 crore
  • EBITDAR margin flat at 30%
  • Net profit down 78% at Rs 550 crore versus Rs 2,449 crore
  • EBITDA margin at 23.4% versus 22.9%

Q3 Results LIVE: Adani Energy Solutions Profit Rises

Adani Energy Solutions Q3 Highlights (Consolidated, QoQ) 
  • Revenue up 2% at Rs 6,730 crore versus Rs 6,596 crore
  • EBITDA up 2% at Rs 2,336 crore versus Rs 2,289 crore
  • EBITDA margin flat at 34.7%
  • Net profit up 3.4% at Rs 552 crore versus Rs 534 crore

Q3 Results LIVE: Aditya Birla Sun Life AMC Profit Up

Aditya Birla Sun Life AMC Q3 Highlights (Consolidated, QoQ) 
  • Total income rises 11% to Rs 562 crore versus Rs 506 crore
  • Net Profit up 11.7% at Rs 270 crore versus Rs 241 crore.

Q3 Results LIVE: V-Mart Retail Profit Rises

V-Mart Retail Q3 Highlights (Consolidated, YoY) 
  • Revenue up 9.7% at Rs 1,126 crore versus Rs 1,027 crore
  • EBITDA up 22.3% at Rs 210 crore versus Rs 171 crore
  • EBITDA margin at 18.6% versus 16.7%
  • Net profit up 22.8% at Rs 88 crore versus Rs 71.6 crore

Q3 Results LIVE: IIFL Finance Profit Grows 23%

IIFL Finance Q3 Highlights (Consolidated, QoQ) 
  • NII rises 10% to Rs 1,582 crore versus Rs 1,439 crore
  • Net Profit up 23.4% at Rs 464 crore versus Rs 376 crore.

Q3 Results LIVE: Orient Electric Profit Slips

Orient Electric Q3 Highlights (Consolidated, YoY) 
  • Revenue rises 11% to Rs 906 crore versus Rs 817 crore
  • Ebitda up 10.6% to Rs 67.7 crore versus Rs 61.2 crore.
  • Ebitda Margin flat at 7.5% 
  • Net Profit down 4.4% at Rs 26 crore versus Rs 27.2 crore.

Q3 Results LIVE: Ujjivan SFB Expected Earnings

Ujjivan Small Finance Bank's standalone Q3 estimates indicate steady year‑on‑year improvement. Net interest income is projected at Rs 968 crore compared with Rs 887 crore last year, rising 9%. Profit is expected to grow 54% to Rs 168 crore from Rs 109 crore.

Q3 Results LIVE: Radico Khaitan Profit Surges

Radico Khaitan Q3 Highlights (Consolidated, YoY) 
  • Revenue rises 19.5% to Rs 1,547 crore versus Rs 1,294 crore
  • Ebitda up 45.3% to Rs 267 crore versus Rs 184 crore.
  • Ebitda Margin At 17.3% versus 14.2%.
  • Net Profit up 62.2% at Rs 155 crore versus Rs 95.5 crore.

Q3 Results LIVE: Analysts Expect Decline In Bandhan Bank's Profit

Bandhan Bank's standalone Q3 estimates indicate pressure on profitability and margins. Net interest income is expected at Rs 2,778 crore, compared to Rs 2,830 last year. The bank's net interest margin is projected to decline sharply to 5.88% from 7.3%. Profit is estimated at Rs 397 crore versus Rs 426 crore a year earlier, down 7%.

Q3 Results LIVE: Alivus Life Profit Grows

Alivus Life Q3 Highlights (Consolidated, YoY) 
  • Revenue up 4.8% at Rs 673 crore versus Rs 642 crore
  • EBITDA up 21.5% at Rs 231 crore versus Rs 190 crore
  • EBITDA margin at 34.4% versus 29.7%
  • Net profit up 9.8% at Rs 150 crore versus Rs 137 crore

Q3 Results LIVE: APL Apollo Tubes Profit Up 43%

APL Apollo Tubes Q3 Highlights (Consolidated, YoY) 
  • Revenue up 7% at Rs 5,815 crore versus Rs 5,433 crore
  • EBITDA up 36.5% at Rs 472 crore versus Rs 346 crore
  • EBITDA margin at 8.1% versus 6.4%
  • Net profit up 42.9% at Rs 310 crore versus Rs 217 crore

Q3 Results LIVE: Zee Entertainment Profit Dips

Zee Entertainment Q3 Highlights (Consolidated, YoY) 
  • Revenue up 15.2% at Rs 2,280 crore versus Rs 1,979 crore
  • EBITDA down 20.3% at Rs 256 crore versus Rs 321 crore
  • EBITDA margin at 11.2% versus 16.2%
  • Net profit down 5.1% at Rs 155 crore versus Rs 164 crore

Q3 Results LIVE: Indian Bank Profit Up 7%

Indian Bank Q3 Highlights (Consolidated, YoY) 
  • NII up 7.5% at Rs 6,896 crore versus Rs 6,415 crore
  • Provisions down 19% at Rs 857 crore versus Rs 1,059 crore
  • Net NPA at 0.15% versus 0.16%
  • Gross NPA at 2.23% versus 2.6%
  • Net profit up 7.3% at Rs 3,061 crore versus Rs 2,852 crore

Q3 Results LIVE: KEI Industries On Earnings Call

  • Hopeful to grow over 20% for FY26
  • Expect margin improvement in FY26
  • Price hike owing to rise in commodity prices already done
  • New sales are being done at higher prices which reflect average copper and aluminium prices in January 2026
  • Expecting volume growth in the range of 16-18% going forward
  • Do no see any deceleration in demand for cables despite price hikes

Q3 Results LIVE: Steel Strips Profit Dips

Steel Strips Q3 Highlights (Consolidated, YoY) 
  • Revenue up 23% at Rs 1,321 crore versus Rs 1,075 crore
  • EBITDA up 8.1% at Rs 127 crore versus Rs 118 crore
  • EBITDA margin at 9.6% versus 11%
  • Net profit down 2.3% at Rs 46.6 crore versus Rs 47.7 crore

Q3 Results LIVE: CAMS Profit Up 9%

CAMS Q3 Highlights (Consolidated, QoQ) 
  • Revenue up 3.6% at Rs 390 crore versus Rs 377 crore
  • EBIT 7.3% at Rs 154 crore versus Rs 143 crore
  • EBIT margin at 39.4% versus 38%
  • Net profit up 9.3% at Rs 126 crore versus Rs 115 crore
  • To pay interim dividend of Rs 3.5 per share

Q3 Results LIVE: Dr. Reddy's Labs Posted Results Yesterday

Dr. Reddy's Labs Q3 Results (Cons, YoY) 
  • Revenue up 4.4% Rs 8,753 crore versus Rs 8,360 crore (Bloomberg Estimate: Rs 8,340 crore)
  • Ebitda Rs 1,888 crore versus Rs 2,344 crore (Bloomberg Estimate: Rs 1,833 crore)
  • Margin at 21.56% versus 27% (Bloomberg Estimate: 22%)
  • Profit down 14% Rs 1,210 crore vs Rs 1,414 crore (Bloomberg Estimate: Rs 1,091 crore)

Q3 Results LIVE: Zee Entertainment's Estimated Results

Zee Entertainment's consolidated Q3 estimates show mixed year‑on‑year trends. Revenue is expected to increase 13% to Rs 2,239 crore from Rs 1,979 crore. EBITDA, however, is estimated to decline 13% to Rs 277 crore from Rs 318 crore. Margins are projected to fall sharply to 12.4% from 16.1%. Profit is expected at Rs 195 crore compared with Rs 162 crore last year, an increase of 20%.

Q3 Results LIVE: Coforge Estimated Results

Coforge is expected to report strong quarter‑on‑quarter growth across key financial metrics in Q3. Revenue is projected at Rs 4,228 crore compared with Rs 3,318 crore in the previous quarter, a rise of 27%. EBIT is estimated at Rs 569 crore, up 80% from Rs 316 crore. Margins are expected to expand to 13.75% from 9.53%. Profit is likely to increase 73% to Rs 373 crore from Rs 216 crore in the previous quarter.

Q3 Results LIVE: Eternal Posted Results Yesterday

Eternal Q3 Results (Consolidated, YoY)
  • Revenue Rs 16,315 crore vs Rs 5405 crore (Bloomberg estimate: Rs 16,224 crore)
  • Ebitda Rs 368 crore vs Rs 162 crore (Estimate: Rs 333 crore)
  • Margin at 2.3% vs 3% (Estimate: 2.1%)
  • Profit at Rs 102 crore vs Rs 59 crore (Estimate: Rs 115 crore)

Q3 Results LIVE: IndiGo's Estimated Results

IndiGo's consolidated Q3 estimates point to moderate year‑on‑year growth in revenue and operating performance, although profitability is expected to soften. Revenue is estimated at Rs 23,711 crore compared with Rs 22,111 crore a year earlier, an increase of 7.24%. EBITDA is projected to rise 11.% to Rs 6,635 crore from Rs 5,977 crore. Operating margins are expected to decline to 25.2% from 30%. Net profit, according to estimates, is likely to fall 18% to Rs 1,997 crore from Rs 2,450 crore last year.

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