Q3 results today: As the season enters its second week, over 30 companies are scheduled to announce their financial results for the quarter ended December 31, 2025, on Monday, January 19.
Bharat Heavy Electricals, Tata Capital, IRFC, Hindustan Zinc, and Punjab National Bank are among the marquee companies to release their today.
Last week, IT majors Tata Consultancy Services (TCS) and HCL Technologies set the ball rolling for the season on January 12.
“Participants will initially react to the earnings of key heavyweights such as Reliance Industries, HDFC Bank, and ICICI Bank. Thereafter, focus will shift to the broader set of Q3 earnings from several large and mid-cap companies across sectors,” said Ajit Mishra, SVP, Research, Religare Broking.
Punjab National Bank Q3 results preview
Brokerage firm Elara Capital expects the bank to report sequential growth of 2-3% quarter-to-quarter (QoQ). Meanwhile, NIMs are likely to be steady or rise marginally between 5-10% QoQ.
“ We expect better recovery from written off accounts, thereby lending support to earnings,” the firm said in a note.
Bharat Heavy Electricals Q3 results preview
According to Seema Srivastava, Senior Research Analyst at SMC Global Securities, BHEL’s Q3 FY26 results are expected to show a mixed bag.
” The company’s revenue is likely to have grown, driven by improved execution and order inflows. However, profitability might be under pressure due to high input costs and competitive intensity in the market. The company’s order book remains healthy, with a strong pipeline of projects in the power and industrial sectors.
BHEL’s focus on cost optimization and improving operational efficiency is expected to support margins,” Srivastava said.
Hindustan Zinc Q3 results preview
Brokerage firm Systematix believes that the company is likely to see higher profitability growth and margin expansion, driven by higher commodity prices, especially silver.
It further anticipates revenue and EBITDA to rise 22% and 24% year-on-year (YoY). “ Key things to monitor – nature of contracts for silver sales and outlook, expansion timelines, and volume guidance,” the firm said in a note.
Meanwhile, Seema Srivastava of SMC Global Securities believe that Hindustan Zinc’s Q3 FY26 results likely to showcase a strong performance, driven by higher zinc and silver prices, and improved operational efficiency.
” The company’s mined metal production reached a record 276 kt, up 11% YoY, while refined metal production hit 270 kt. Silver production also rose 10% QoQ to 158 metric tonnes. However, refined lead production declined 11% YoY due to prior pyro operations in lead-only mode.
The company’s focus on cost optimization and renewable energy is likely to support margins, with zinc cost of production before royalty (COP) standing at USD 1,107 per MT, lower by 7% YoY. With silver prices surging 73% in Q3 FY26, Hindustan Zinc’s earnings are expected to benefit from higher realizations, revenue, and profitability,” she added.
Here’s a list of companies that will declare their Q3 results FY26 today, Monday, January 19 –
Disclaimer: This story is for educational purposes only. Please consult with an investment advisor before making any investment decisions.