Q3 Results Highlights: ONGC Profit Declined 15%; SpiceJet Slipped To Loss; Biocon Profit Jumped 6X; Coal India Declares Dividend

The live blog has ended. 

Lupin Q3 (Cons, YoY) Results

• Net profit up 37.5% at Rs 1,176 crore versus Rs 855 crore year over year.
• Revenue up 24.3% at Rs 7,168 crore versus Rs 5,768 crore year over year.
• Ebitda up 66.8% at Rs 2,262 crore versus Rs 1,356 crore year over year.
• Ebitda margin at 31.6% versus 23.5% year over year.

ONGC Q3FY26 (QoQ)

• Net profit down 15% at Rs 8,371.85 crore versus Rs 9,847.97 crore 
• Revenue down 4.5% at Rs 31,546.51 crore versus Rs 33,030.56 crore
• Ebitda down 8% at Rs 15,271.92 crore versus Rs 16,599.35 crore 
• Ebitda margin at 48.4% versus 50.3% year over year.

To pay interim dividend of Rs 6.25 per share

Record date: Feb. 18

EID Parry Q3FY26 (Consolidated) Results

• Net profit up 19.1% at Rs 232 crore versus Rs 195 crore year over year.
• Revenue up 18.3% at Rs 10,316 crore versus Rs 8,720 crore year over year.
• Ebitda up 18.9% at Rs 835 crore versus Rs 702 crore year over year.
• Ebitda margin flat at 8.1% year over year.

Spicejet Q3 (Cons, YoY) Results

• Net loss at Rs 261 crore versus profit of Rs 20.4 crore year over year.
• Revenue up 13.8% at Rs 1,408 crore versus Rs 1,237 crore year over year.
• Ebitda loss at Rs 128 crore versus loss of Rs 81 crore year over year.
• Ebitdar up 20.5% at Rs 105 crore versus Rs 86.8 crore year over year.
• Ebitdar margin at 7.4% versus 7% year over year.

Biocon Q3 (Cons, YoY) Results

• Net profit at Rs 144 crore versus Rs 25 crore year over year.
• Revenue up 9.2% at Rs 4,173 crore versus Rs 3,821 crore year over year.
• Ebitda up 10.9% at Rs 834 crore versus Rs 752 crore year over year.
• Ebitda margin at 20% versus 19.7% year over year.

Inox India Q3 (Consolidated) Results

• Net profit up 4% at Rs 60.7 crore versus Rs 58.4 crore year over year.
• Revenue up 28.5% at Rs 429 crore versus Rs 334 crore year over year.
• Ebitda up 36.5% at Rs 94.1 crore versus Rs 68.9 crore year over year.
• Ebitda margin at 22% versus 20.7% year over year.

PI Industries Q3 (Consolidated) Results

• Net profit down 16.5% at Rs 311 crore versus Rs 373 crore year over year.
• Revenue down 27.6% at Rs 1,376 crore versus Rs 1,901 crore year over year.
• Ebitda down 41% at Rs 302 crore versus Rs 512 crore year over year.
• Ebitda margin at 22% versus 26.9% year over year.

To pay interim dividend of Rs 5 per share.

IGL Q3 (Consolidated) Results

• Net profit up 1.9% at Rs 394 crore versus Rs 386 crore quarter over quarter.
• Revenue up 1.1% at Rs 4,068 crore versus Rs 4,023 crore quarter over quarter.
• Ebitda up 6.7% at Rs 471 crore versus Rs 441 crore quarter over quarter.
• Ebitda margin at 11.6% versus 11% quarter over quarter.

To pay interim dividend of Rs 3.25 per share.

Coal India Q3FY26 (Consolidated) Results

• Profit down 15.8% at Rs 7,157 crore versus Rs 8,506 crore year over year.
• Revenue down 5.3% at Rs 34,924 crore versus Rs 36,859 crore year over year.
• Ebitda down 24.2% at Rs 9,331 crore versus Rs 12,318 crore year over year.
• Ebitda margin at 26.7% versus 33.4% year over year.

To pay third interim dividend of Rs 5.5/share.

Puravankara Q3 (Consolidated) Results

• Net profit at Rs 59.9 crore versus loss of Rs 92.4 crore year over year.
• Revenue at Rs 1,069 crore versus Rs 318 crore year over year.
• Ebitda at Rs 219 crore versus Rs 18.01 crore year over year.
• Ebitda margin at 20.5% versus 5.7% year over year.

Ingersoll Rand Q3FY26 Results

• Net profit down 7.4% at Rs 71.9 crore versus Rs 77.7 crore year over year.
• Revenue up 19.4% at Rs 455 crore versus Rs 382 crore year over year.
• Ebitda up 11.7% at Rs 114 crore versus Rs 102 crore year over year.
• Ebitda margin at 25.1% versus 26.8% year over year.

Hcc Q3 (Consolidated) Results

• Net profit at Rs 8.1 crore versus loss of Rs 38.9 crore year over year.
• Revenue down 8.1% at Rs 925 crore versus Rs 1,007 crore year over year.
• Ebitda at Rs 67.2 crore versus loss of Rs 30.5 crore year over year.
• Ebitda margin at 7.3% year over year

Vedant Fashions Q3FY26 Results

• Net profit down 14.6% at Rs 135 crore versus Rs 158 crore year over year.
• Revenue down 3.8% at Rs 492 crore versus Rs 511 crore year over year.
• Ebitda down 9.9% at Rs 218 crore versus Rs 242 crore year over year.
• Ebitda margin at 44.4% versus 47.4% year over year.

IRCTC Q3FY26 (Consolidated) Results

• Net profit up 15.6% at Rs 394 crore versus Rs 341 crore year over year.
• Revenue up 18.4% at Rs 1,449 crore versus Rs 1,225 crore year over year.
• Ebitda up 11.7% at Rs 465 crore versus Rs 417 crore year over year.
• Ebitda margin at 32.1% versus 34% year over year.

To pay interim dividend of Rs 3.5 per share

Petronet Lng Q3 (Cons, QoQ) Results

• Net profit up 5.4% at Rs 846 crore versus Rs 802 crore quarter over quarter.
• Revenue up 1.4% at Rs 11,164 crore versus Rs 11,009 crore quarter over quarter.
• Ebitda up 7.3% at Rs 1,198 crore versus Rs 1,117 crore quarter over quarter.
• Ebitda margin at 10.7% versus 10.1% quarter over quarter.

Schneider Electric Q3 Results

• Net profit down 12.2% at Rs 97 crore versus Rs 111 crore year over year.
• Revenue up 20.1% at Rs 1,029 crore versus Rs 857.2 crore year over year.
• Ebitda up 23.1% at Rs 173 crore versus Rs 140 crore year over year.
• Ebitda margin at 16.8% versus 16.4% year over year.

Indian Hume Pipe Q3FY26 Results

• Profit at Rs 61.5 crore versus Rs 14.4 crore year over year.
• Revenue down 25.9% at Rs 282 crore versus Rs 381 crore year over year.
• Ebitda down 40.7% at Rs 22.1 crore versus Rs 37.3 crore year over year.
• Ebitda margin at 7.8% versus 9.8% year over year.

• One-time cost of Rs 2,610 crore in Q3.
• One-time cost due to fire at oswego plant.
• Profit down 56.8% at Rs 2,049 crore versus Rs 4,741 crore quarter over quarter.

Hindalco Industries Q3 (Cons, YoY) Results

• Profit down 56.8% at Rs 2,049 crore versus Rs 4,741 crore quarter over quarter.
• Revenue up 0.7% at Rs 66,521 crore versus Rs 66,058 crore quarter over quarter.
• Ebitda down 10.8% at Rs 7,994 crore versus Rs 8,966 crore quarter over quarter.
• Ebitda margin at 12% versus 13.6% quarter over quarter.

Fine Organic Q3 (Cons, YoY) Results

• Profit down 10.6% at Rs 73.9 crore versus Rs 82.7 crore year over year.
• Revenue up 7.3% at Rs 555 crore versus Rs 517 crore year over year.
• Ebitda down 8.2% at Rs 94.4 crore versus Rs 103 crore year over year.
• Ebitda margin at 17% versus 19.9% year over year.

Engineers India Q3 (Consolidated) Results

• Net profit at Rs 347 crore versus Rs 109 crore year over year.
• Revenue up 58.3% at Rs 1,210 crore versus Rs 765 crore year over year.
• Ebitda at Rs 352 crore versus Rs 97.9 crore year over year.
• Ebitda margin at 29.1% versus 12.8% year over year.

Indian Hotels Q3 (Cons, YoY) Results

• Profit up 55.1% at Rs 903 crore versus Rs 582 crore year over year.
• Revenue up 12.2% at Rs 2,842 crore versus Rs 2,533 crore year over year.
• Ebitda up 11.9% at Rs 1,076 crore versus Rs 962 crore year over year.
• Ebitda margin at 37.9% versus 38% year over year.

Honasa Consumer Q3 (Consolidated) Results

• Net profit up 93.1% at Rs 50.2 crore versus Rs 26 crore year over year.
• Revenue up 16.2% at Rs 602 crore versus Rs 518 crore year over year.
• Ebitda at Rs 65.4 crore versus Rs 26.1 crore year over year.
• Ebitda margin at 10.9% versus 5% year over year.

Hi wonderful people! It's me, Khushi, and I am back to keep you up to date with all the earnings for today, as and when they roll in. 

As the market draws to a close, this is Anas, signing off. My colleague Khushi will take over. Lots more action post-market, with the bulk of the companies expected to report Q3 results. Stay tuned!

RCF Q3 Highlights (Consolidated, YoY)

• Revenue down 6.2% at Rs 4,236 crore versus Rs 4,518 crore.
• EBITDA up 36.8% at Rs 245 crore versus Rs 179 crore.
• EBITDA margin at 5.8% versus 4%.
• Net profit up 0.9% at Rs 81 crore versus Rs 80.2 crore.

Premier Explosives Q3 Highlights (Consolidated, YoY)

• Revenue down 50.9% at Rs 81.4 crore versus Rs 166 crore.
• EBITDA down 24.6% at Rs 11.6 crore versus Rs 15.4 crore.
• EBITDA margin at 14.3% versus 9.3%.
• Net profit down 34.2% at Rs 6.1 crore versus Rs 9.2 crore.

West Coast Paper Q3 Highlights (Consolidated, YoY)

• Revenue up 3.3% at Rs 1,050 crore versus Rs 1,016 crore.
• EBITDA down 7.1% at Rs 76.7 crore versus Rs 82.6 crore.
• EBITDA margin at 7.3% versus 8.1%.
• Net profit down 58.2% at Rs 26.9 crore versus Rs 64.2 crore.
• Company re-appointed S K Bangur as CMD for five years.

Natco Pharma Q3 Highlights (Consolidated, YoY)

• Revenue up 36.3% at Rs 647 crore versus Rs 475 crore.
• EBITDA at Rs 159 crore versus Rs 39 crore.
• EBITDA margin at 24.5% versus 8.2%.
• Net profit up 13.9% at Rs 152 crore versus Rs 133 crore.
• Company reappointed Venkaiah Chowdary Nannapaneni as CMD

Astra Microwave Q3 Highlights (Consolidated, YoY)

• Revenue up 0.7% at Rs 260 crore versus Rs 259 crore.
• EBITDA up 8.3% at Rs 82.5 crore versus Rs 76.2 crore.
• EBITDA margin at 31.7% versus 29.5%.
• Net profit down 1.3% at Rs 46.8 crore versus Rs 47.4 crore.
• Company appointed Srinivasarao Devathi as CFO; former CFO Rahul Rungta appointed as CFO of an arm.

Lumax Auto Q3 Results (Consolidated, YoY)

• Revenue up 40.3% at Rs 1,271 crore vs Rs 906 crore
• EBITDA up 49.2% at Rs 176 crore vs Rs 118 crore 
• EBITDA Margin at 13.8% vs 13%
• Net Profit up 84% at Rs 82.5 crore vs Rs 44.8 crore 

Redtape Q3 Results (Consolidated, YoY)

• Revenue up 19% at Rs 787 crore vs Rs 661 crore
• EBITDA up 36% at Rs 171 crore vs Rs 125 crore
• Margin at 21.7% vs 18.9%
• Net Profit up 43% at Rs 105 crore vs Rs 73 crore 

Welspun Living Q3 Results (Consolidated, YoY)

• Revenue down 9.1% at Rs 2,262 crore vs Rs 2,490 crore 
• EBITDA down 42.8% at Rs 160 crore vs Rs 280 crore
• EBITDA Margin at 7.1% vs 11.3% 
• Net Profit down 99.8% at Rs 21 lakh vs Rs 121 crore 
• One-time cost of Rs 19 crore due to new labour codes

Shadowfax Tech Q3 Results (Consolidated, YoY)

• Revenue up 65.5% at Rs 1,160 crore vs Rs 701 crore
• Adjusted EBITDA at Rs 49 crore vs Rs 18 crore 
• Adjusted EBITDA Margin at 4.3% vs 2.6%
• Net Profit at Rs 35 crore vs Rs 6.4 crore 

3M India Q3 Results (Consolidated, YoY)

• Revenue up 12.7% at Rs 1,228 crore vs Rs 1,090 crore 
• EBITDA up 49.7% at Rs 231 crore vs Rs 154 crore 
• EBITDA Margin at 18.8% vs 14.1% 
• Net loss at Rs 62.1 crore vs profit of Rs 114 crore 

Abbott India Q3 Results (Consolidated, YoY)

• Revenue up 7% at Rs 1,724 crore vs Rs 1,614 crore 
• EBITDA up 6% at Rs 463 crore vs Rs 436 crore 
• EBITDA Margin at 26.9% vs 27% YoY
• Net Profit up 4% at Rs 376 crore vs Rs 361 crore 
• One-time cost of Rs 35 crore due to new labour codes

Gujarat Fluorochemicals Q3 Highlights (Consolidated, YoY)

• Revenue down 1.1% at Rs 1,136 crore vs Rs 1,148 crore 
• Net Profit down 18.3% at Rs 103 crore vs Rs 126 crore 
• EBITDA down 9.5% at Rs 256 crore vs Rs 283 crore 
• EBITDA Margin at 22.5% vs 24.7%

Bharat Forge Q3 Highlights (Consolidated, YoY)

• Revenue up 25% at Rs 4,343 crore vs Rs 3,476 crore
• EBITDA up 20% at Rs 750 crore vs Rs 624 crore
• EBITDA Margin at 17.3% vs 18% 
• Net Profit up 28.2% at Rs 273 crore vs Rs 213 crore
• One-time cost of Rs 55.7 crore in Q3 FY26

Gujarat Fluorochemicals Q3 Highlights (Consolidated, YoY)

• Revenue down 1.1% at Rs 1,136 crore vs Rs 1,148 crore 
• EBITDA down 9.5% at Rs 256 crore vs Rs 283 crore
• EBITDA margin at 22.5% vs 24.7%
• Net profit down 18.3% at Rs 103 crore vs Rs 126 crore

Abbott India Q3 Highlights (YoY)

• Revenue up 6.8% at Rs 1,724 crore vs Rs 1,614 crore
• EBITDA up 6.3% at Rs 463 crore vs Rs 436 crore
• EBITDA margin at 26.9% vs 27%
• Net profit up 4.2% at Rs 376 crore vs Rs 361 crore
• Includes a one‑time cost of Rs 35 crore due to new labour codes

Bharat Forge Q3 Highlights (Consolidated, YoY)

• Revenue up 25% at Rs 4,343 crore vs Rs 3,476 crore
• EBITDA up 20% at Rs 750 crore vs Rs 624 crore
• EBITDA margin at 17.3% vs 18%
• Net profit up 28.2% at Rs 273 crore vs Rs 213 crore
• Includes a one‑time cost of Rs 55.7 crore in Q3 FY26

HAL Q3 Highlights (Consolidated, YoY)

• Revenue up 10.7% at Rs 7,699 crore vs Rs 6,957 crore
• EBITDA up 11.2% at Rs 1,871 crore vs Rs 1,683 crore
• EBITDA margin at 24.3% vs 24.2%
• Net profit up 29.6% at Rs 1,867 crore vs Rs 1,440 crore
• To pay interim dividend of Rs 35 per share

Management of HUL has confirmed in the post-earnings presser that the ice cream listing should be finalised by the end of Q4FY26. 

Management Commentary

• HUL sees steady improvement in underlying demand and softer food inflation.
• Input costs continue to remain volatile.
• Listing process of KWIL is underway; the company expects it to list soon.
• FY27 growth is expected to be stronger than FY26.
• Growth will remain the company’s top priority.
• EBITDA margin is expected to stay within the guided range.
• Volume growth at 4% is the highest seen in the past 10–12 quarters.
• Broad-based growth is visible across categories.
• EBITDA margin includes a one-time charge of Rs 110 crore.
• The quality of EBITDA growth remains strong.

Here's what brokerages are saying on Divi's Laboratories after the firm posted its third-quarter earnings for the financial year ending March 2026.

Citi on Divi's Lab

Maintain Buy | Target Price: Rs 9,140

• Q3 performance in line with estimates; management offers strong visibility for FY27/28E

• A significant earnings upcycle appears on the horizon

• Confident growth outlook for FY27/28E

• Continued earnings momentum despite pressure in generic API pricing

• Reiterates Divi's as its top pharma pick in India

Goldman Sachs on Divi's Lab

Maintain Neutral | Target Price cut to Rs 6,050 (from Rs 6,375)

• Q3 in line; Custom Synthesis (CS) continues to outperform

• Generics segment remains subdued

• Reiterates double-digit profit growth outlook

• Stays neutral on valuation comfort

Jefferies on Divi's Lab

Maintain Buy | Target Price raised to Rs 8,100 (from Rs 8,000)

• Strong operational beat versus estimates

• Patent overhang concerns addressed through deep pipeline

• Nutraceuticals and custom synthesis maintain growth momentum

• Management signals continued growth into FY27 despite key patent expiry

• Three major dedicated CDMO projects to commence commercial sales from H2CY27

• Outlook remains among the best in the industry

HUL Commentary After Q3 Earnings

• The home care segment achieved its highest-ever market share in the quarter
• Double-digit growth seen in household care led by dishwasher
• Liquid portfolio sustained its double-digit growth trajectory
• Hair care volume lead double digit growth
• Oral care saw a double-digit growth driven by close-up sales
• During the quarter, demand trends reflected early signs of recovery, underpinned by supportive policy measures
   

>>

HUL Q3 Presentation Highlights

• Expect FY27 to be better than FY26, led out of portfolio and channel transformation
• Committed to continue investing in the business for sustained growth
• Consolidated EBITDA margin to be around the current guided range
• Driving competitive, volume -led revenue growth anchored to our four key priorities

HUL Q3 Highlights

• Invests Rs. 824 crore to acquire the remaining 49% stake in Zywie Ventures (OZiva)  
• Divests 19.8% holding in Nutritionalab for Rs 307 crore

HUL Q3 Highlights (Consolidated, YoY)

• Revenue up 5.7% at Rs 16,441 crore versus Rs 15,556 crore 
• EBITDA up 2.7% at Rs 3,788 crore versus Rs 3,689 crore 
• EBITDA margin at 23% versus 23.7%.
• Net profit down 30% at Rs 2,118 crore versus Rs 3,027 crore 
• Profit from discontinued operations at Rs 4,485 crore.

HUL Q3 Highlights (Consolidated, YoY)

• Revenue at Rs 16,441 crore versus estimate of Rs 16,156 crore.
• EBITDA at Rs 3,788 crore versus estimate of Rs 3,770 crore.
• EBITDA margin at 23% versus estimate of 23.3%.
• Net profit at Rs 2,118 crore versus estimate of Rs 2,615 crore.

Hello and welcome! I am Anas and I will be taking you through the day's earnings action. It promises to be a busy day, with around 560 companies expected to report their Q3 numbers.

Hindustan Unilever has already kickstarted the day and the numbers are coming your way shortly.