Even as markets remain closed on account of the Brihanmumbai Municipal Corporation (BMC) elections, it is a packed day on Thursday for Dalal Street as the third-quarter earnings season hits full stride. Investors are bracing for a flurry of financial report cards today, headlined by the dual Nifty 50 heavyweights Jio Financial Services and HDFC Life Insurance. While the market tracks HDFC Life for its VNB margins and premium growth, all eyes will be on Mukesh Ambani's Jio Financial to see if its digital-first lending and insurance pivot is gaining tangible momentum in the competitive fintech landscape.
The action extends deep into the midcap and financial services space, with retail brokerage giant Angel One and ER&D specialist L&T Technology Services (LTTS) also set to post their numbers. Angel One remains a crucial barometer for retail participation and trading volumes, while the LTTS results will be scrutinised for signs of recovery in global tech spending.
The broader market will also digest results from mid-tier financials and infrastructure. South Indian Bank, Fedbank Financial Services and Nuvoco Vistas are some of the other counters in focus.
Q3 Results Live Updates: More From HDFC Life Q3 Concall
HDFC Life Management Says - Improvement in the 61st month persistency has given us positive variances.
- Negotiations with the distributors are concluded, and we move on to the revised one.
- Traction in retail protection and credit life will continue.
- GST impact will be lower than 200 basis points going forward.
- Seeing the bank channel to deliver good growth going forward.
Q3 Results Live Updates: HDFC Life Q3 Concall
HDFC Life Management Says - The agency channel delivered double-digit growth in Q3 and 9M FY26.
- The recent increase in the FDI limit is encouraging.
- Labour code is a one-time impact and will not have any impact in future.
Q3 Results Live Updates: HDFC Life Q3
- Annual Premium Equivalent grew 11% YoY to Rs 3974 crore
- Value of new business grew by 3% YoY to Rs 930 crore
- VNB margin degrew by 205 bps at 24%
- VNB margin degrew by 10 bps at 24% (QoQ)
Q3 Results Live Updates: L&T Tech Q3 - Profit Impacted By Labour Code
L&T Technology Services reported a Q3 net profit of Rs 303 crore, accounting for a 7.9% fall compared to a year-ago figure of Rs 329 crore. However, the profit was impacted by a one-time Labour Code impact of Rs 35.4 crore.
Q3 Results Live Updates: HDFC Life Q3
HDFC Life Q3 Highlights (Consolidated, YoY)
- Net profit down 0.8% at Rs 418 crore versus Rs 421 crore.
- Net premium income up 9% at Rs 18,351 crore versus Rs 16,831 crore.
-
Solvency ratio at 180% versus 175% (QoQ).
Q3 Results Live Updates: Jio Financial Services Q3 - Total Income doubles
Jio Financial Services Q3 Highlights (Consolidated, YoY)
- Net profit down 8.8% at Rs 269 crore versus Rs 295 crore.
- Total income up 100.7% at Rs 901 crore versus Rs 449 crore.
Q3 Results Live Updates: L&T Tech Q3 - Profit & Revenue Fall
L&T Technology Services Q3 Highlights (Consolidated, QoQ)
- Net profit down 7.9% at Rs 303 crore versus Rs 329 crore.
- Revenue down 1.9% at Rs 2,924 crore versus Rs 2,980 crore.
- EBIT up 7.3% at Rs 427 crore versus Rs 398 crore.
- EBIT margin at 14.6% versus 13.4%.
Q3 Results Live Updates: Nuvoco Vistas Q3
Nuvoco Vistas Q3 Highlights (Consolidated, YoY)
- Revenue up 12.1% at Rs 2,701 crore versus Rs 2,409 crore.
- Net profit at Rs 49.1 crore versus a loss of Rs 61.4 crore.
- EBITDA up 48.6% at Rs 384 crore versus Rs 258 crore.
- EBITDA margin at 14.2% versus 10.71%.
Q3 Results Live Updates: What To Expect From Wipro Q3?
While we await more earnings today, what is the street expecting from Wipro in the third quarter of this financial year?
Wipro Q3FY26 Cons QoQ Preview
- Revenue expected to rise 1.18% at Rs. 14,160.39 cr vs Rs. 13,994.89 cr
- EBIT expected to rise 4.10% at Rs. 1,768.97 cr vs Rs.1,699.30cr
- Margin expected to rise 35 bps at 12.49 % vs 12.14%
- Net profit expected to rise 14.94% at Rs.1,372.90 cr vs Rs. 1194.49 cr
Q3 Results Live Updates: EMMVEE Photovoltaic Q3
EMMVEE Photovoltaic Q3 Highlights (Consolidated, YoY)
- Net profit up 166% at Rs 263 crore versus Rs 99.2 crore.
- Revenue up 118% at Rs 1,152 crore versus Rs 528 crore.
- EBITDA up 105% at Rs 413 crore versus Rs 202 crore.
- EBITDA margin at 35.9% versus 38.2%.
Q3 Results Live Updates: 360 ONE WAM Q3 - Profile, Revenue Flat
360 ONE WAM Q3 Highlights (Consolidated, QoQ)
- Net profit up 3.7% at Rs 327 crore versus Rs 315 crore
- Revenue up 7.6% at Rs 1,181 crore versus Rs 1,098 crore
- EBITDA up 4.1% at Rs 725 crore versus Rs 697 crore
- EBITDA margin at 61.4% versus 63.5%
What Are Analysts Expecting From HDFC Life? Check Estimates
HDFC Life is expected to report an Annual Premium Equivalent (APE) of Rs 3,980 crore for Q3, which represents an 11.5% year-on-year growth but a 5% decline sequentially. APE is a key indicator of revenue growth for the company.
The Value of New Business (VNB) is projected at Rs 950 crore, showing a modest 2.15% increase compared to the previous year, though it is down 6% quarter-on-quarter. VNB reflects the profitability of new business generated during the period.
The VNB margin is anticipated to come in at 23.87%, which is lower by 218 basis points on a yearly basis and 22 basis points compared to the previous quarter. This suggests some pressure on margins, possibly due to changes in product mix and other operational factors.
Q3 Results Live Updates: Big News On US-India Trade Deal
While we wait for earnings from JFS, HDFC Life, and L&T Tech, India's Commerce Secretary has issued a very optimistic update on the US-India trade talk front.
"Discussions have never broken down; we are constantly engaged. A virtual meeting between Piyush Goyal and USTR Greer has taken place. There are pending issues being talked about. It's very near, but we can't put a deadline. Deal will happen when both sides are ready, and we're ready to announce," he said.
Q3 Results Live Updates: Big Earnings Still Left
The likes of South Indian Bank, DB Corp, Swaraj Engines have already come out with Q3 earnings so far. However, the big ones are still left, including Nifty 50 players Jio Financial Services and HDFC Life, in addition to L&T Technology Services and Angel One.
Watch out this space for the latest updates!
Q3 Results Live Updates: South Indian Bank Q3 - Asset Quality Improves
South Indian Bank Q3 Highlights (Standalone, QoQ)
- Net NPA at 0.45% versus 0.56%
- Gross NPA at 2.67% versus 2.93%
Q3 Results Live Updates: South Indian Bank Q3 - Provisions Surge
South Indian Bank Q3 Highlights (Standalone, YoY)
- NII up 1% at Rs 881 crore versus Rs 869 crore
- Operating profit up 10.5% at Rs 584 crore
- Provisions at Rs 80.4 crore versus Rs 66.1 crore
Q3 Results Live Updates: DB Corp Dividend
DB Corp set to pay second interim dividend of Rs 2 per equity share
Q3 Results Live Updates: DB Corp Q3 - Profit Surges
DB Corp Q3 Highlights (Consolidated, YoY)
Net profit down 19.2% at Rs 95.5 crore versus Rs 118 crore.
Revenue down 5.8% at Rs 605 crore versus Rs 643 crore.
EBITDA down 23.7% at Rs 135 crore versus Rs 177 crore.
EBITDA margin at 22.3% versus 27.6%.
Q3 Results Live Updates: Swaraj Engines Q3 - Profit Surges
Swaraj Engines Q3 Highlights (Consolidated, YoY)
Net profit up 31.8% at Rs 42.1 crore versus Rs 32 crore
Revenue up 37% at Rs 473 crore versus Rs 346 crore
EBITDA up 36.6% at Rs 479 crore versus Rs 351 crore
EBITDA margin at 101.2% versus 101.5%
Q3 Results Live Updates: HDFC Life - What To Look Out For
Key monitorables for HDFC Life this quarter include demand sustainability, commentary on the new insurance amendment bill, and potential changes in distribution commission regulations.
Q3 Results Live Updates: Sterling & Wilson Q3 - Loss Narrows
Sterling & Wilson Q3 Highlights (Consolidated, YoY)
- Net loss at Rs 2.8 crore versus profit of Rs 14.8 crore
- Revenue up 13.9% at Rs 2,092 crore versus Rs 1,837 crore
- EBITDA down 4.8% at Rs 66.9 crore versus Rs 70.3 crore
- EBITDA margin at 3.2% versus 3.8%
Q3 Results Live Updates: HDFC Life Q3 Estimates
HDFC Life is expected to report an Annual Premium Equivalent (APE) of Rs 3,980 crore for Q3, which represents an 11.5% year-on-year growth but a 5% decline sequentially. APE is a key indicator of revenue growth for the company.
The Value of New Business (VNB) is projected at Rs 950 crore, showing a modest 2.15% increase compared to the previous year, though it is down 6% quarter-on-quarter. VNB reflects the profitability of new business generated during the period.
The VNB margin is anticipated to come in at 23.87%, which is lower by 218 basis points on a yearly basis and 22 basis points compared to the previous quarter. This suggests some pressure on margins, possibly due to changes in product mix and other operational factors.
Q3 Results Live Updates: NSE Chief On IPOs
NSE MD & CEO Ashish Kumar Chauhan
Photo Credit: Vijay Sartape/NDTV Profit
NSE MD & CEO Ashish Kumar Chauhan also spoke at the AIBI event, offering his thoughts on the Indian IPO space.
"India is a global leader in the number of IPOs. In 2025 alone, NSE facilitated 220 IPOs," he said.
Q3 Results Live Updates: SEBI Chief On Indian Wealth Creation
Photo Credit: PTI
SEBI Chief Tuhin Kanta Pandey, speaking at the Association of Investment Bankers of India (AIBI) event, highlighted how there is a broad-based wealth creation happening in India.
"There is a wider participation in wealth creation not just market deepening. India remains fastest growing economies and 4th largest economy in the world."
Q3 Results Live Updates: SEBI Chief At An AIBI Event
"India's capital markets have never been so resilient our aim is to continue this momentum. Dependence on FPI has reduced in today's markets."
Q3 Results Live Updates: L&T Tech Q3 Estimates
According to analysts' consensus estimates compiled by Bloomberg, L&T Technology Services is projected to report a consolidated revenue of Rs 3,029 crore for the December quarter, up 1.64% from Rs 2,980 crore in the previous quarter.
Net profit may increase 3.3% to Rs 340 crore from Rs 329 crore in the previous quarter.
Q3 Results Live Updates: Maruti Suzuki India
Let's start the day with an update from Indian auto giant Maruti Suzuki India. The company is set to hold a board meeting on Jan. 28 to consider Q3 results, according to an exchange filing.
Q3 Results Live Updates: Hello & Welcome
Hello and welcome. While we keep monitoring the BMC elections 2026, it promises to be a busy day for the Dalal Street as well. Lots of exciting Q3 earnings coming up, including two Nifty 50 counters in HDFC Life and Jio Financial Services. I will take you through the day's earnings as and when it happens.