Mumbai: A broad set of listed companies across sectors such as banking, power, cement, pharmaceuticals, FMCG, infrastructure, and manufacturing announced their Q3 FY26 (October–December) financial results, reflecting a mixed performance amid moderation in demand, input cost pressures, and sector-specific tailwinds.
Banking and Financial Services:
Companies including Bank of Baroda, LIC Housing Finance, ESAF Small Finance Bank, Ugro Finance, North Arc Capital, and Cholamandalam Investment & Finance reported their December-quarter numbers. While lending activity remained steady, profitability trends were influenced by margin pressure, asset quality movements, and funding costs.
Power and PSU Stocks:
Heavyweights such as NTPC, Power Grid Corporation of India, SAIL, MOIL, National Aluminium Company (NALCO) and The New India Assurance Company remained in focus. PSU stocks continued to draw investor attention on the back of stable operational performance and policy-driven visibility, though some segments faced commodity price volatility.
Cement, Infrastructure and Capital Goods:
Companies like Ambuja Cements, Ashoka Buildcon, PSP Projects, KEC International, Triveni Turbine, and Brigade Enterprises posted Q3 updates amid strong order books and execution momentum, supported by ongoing infrastructure and housing activity.
Pharmaceuticals and Healthcare:
Healthcare players including Ajanta Pharma, Glenmark Pharmaceuticals, Strides Pharma Science, Hester Biosciences, Dr Lal PathLabs, MedPlus Health Services, and Aster DM Healthcare saw Q3 performance shaped by domestic formulation growth, export demand, and cost control measures.
FMCG and Consumer Goods:
Stocks such as Nestlé India, Godfrey Phillips India, Procter & Gamble Hygiene & Health Care, Relaxo Footwears, Kokuyo Camlin, and DOMS Industries reflected steady consumption trends, with selective pressure from rural demand softness and input costs.
Metals, Auto and Manufacturing:
Companies including Jindal Steel & Power, JBM Auto, Exide Industries, Universal Cables, Welspun Corp, and Steelcast reported results amid fluctuating commodity prices and export demand conditions.
Technology and Digital Businesses:
IT and digital firms such as Intellect Design Arena, NIIT, Quint Digital, B2B Software Technologies, and ODigMa continued to navigate a cautious client spending environment, with focus on deal pipelines and operational efficiency.
Market Outlook:
Analysts note that while Q3 earnings underline sectoral divergence, management commentaries on Q4 demand outlook, cost trends, and capex plans will be key for stock-specific action going ahead.
