News Earnings Q3 FY26 Results: Axis Bank, L&T, Maruti Suzuki Among 500 Companies to Announce Earnings Next WeekQ3 FY26 Results: Axis Bank, L&T, Maruti Suzuki Among 500 Companies to Announce Earnings Next Week
Around 500 companies including Axis Bank, Larsen & Toubro, Maruti Suzuki, Vodafone Idea, ITC, Bajaj Auto, and Paytm will release Q3 FY26 results for the quarter ended December 31, 2025, between January 26-31. Market experts expect cautious sentiment driven by global developments and currency trends, with stock-specific movements remaining prominent. Brokerage previews suggest mixed expectations: Axis Bank may see better loan growth but softer deposits, Bajaj Auto could achieve 18% revenue growth, while ITC faces headwinds from recent tax increases despite expected 7% revenue growth.
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The Indian stock market is set to witness a busy week ahead as approximately 500 companies prepare to announce their financial results for the quarter ended December 31, 2025. This marks the third week of the Q3 earnings season, with several marquee companies scheduled to release their performance data.
Major Companies Announcing Results
Several prominent companies across various sectors will be releasing their Q3 FY26 results next week:
| Date | Key Companies |
|---|---|
| January 26 | Axis Bank |
| January 27 | Asian Paints, Bikaji Foods, CG Power, Vodafone Idea, Marico, Raymond |
| January 28 | Bharat Electronics, Larsen & Toubro, Maruti Suzuki, Balkrishna Industries, Cochin Shipyard |
| January 29 | ITC, Paytm (One97 Communications), Dabur, Dixon Technologies, Swiggy, Vedanta |
| January 30 | Bajaj Auto, Bank of Baroda, Exide Industries, Glenmark Pharmaceuticals, NTPC |
| January 31 | GAIL (India), Sun Pharmaceutical Industries, Vinati Organics, IDFC First Bank |
Market Outlook and Expert Views
According to market experts, the ongoing Q3 earnings season will continue to drive the Indian stock market next week, though overall sentiment is expected to remain cautious. Vinod Nair, Head of Research at Geojit Investments Limited, noted that stock-specific movements are expected to remain prominent, with selective opportunities emerging in segments supported by resilient domestic demand.
Company-Specific Previews
Axis Bank Performance Expectations
Elara Capital expects better quarter-to-quarter growth in the loan book but anticipates softer deposit growth. The brokerage firm noted that NIMs are likely to drop due to loan mix changes, while the impact of recent repo rate cuts will primarily benefit Q4 results. Asset quality monitoring remains crucial, particularly given Q3's seasonally soft performance on agricultural slippages.
Bajaj Auto Growth Projections
Axis Securities anticipates strong performance from Bajaj Auto, with revenue expected to rise by 18% year-on-year, driven by a 16% increase in volumes. This growth is attributed to:
- Strong domestic market performance
- Higher export volumes
- Increased vehicle prices over the past year
EBITDA margins are expected to increase by approximately 51 basis points year-on-year while remaining flat quarter-on-quarter, supported by a richer product mix and cost control initiatives.
ITC Revenue and Margin Outlook
Elara Capital projects ITC's revenue growth at 7%, led by 5% cigarette volume growth. However, recent tax increases by the government remain a concern for the FMCG segment. The brokerage firm expects ITC to post 7.20% year-on-year and 0.10% quarter-on-quarter growth in EBITDA for the December quarter FY26.
Market Sentiment and Factors
The overall market sentiment is likely to stay cautious, shaped by multiple factors including global developments, currency trends, and earnings outcomes. Experts suggest that while the earnings season continues to provide direction, investors should focus on companies with strong fundamentals and resilient domestic demand patterns.
With such a large number of companies reporting results, the coming week will provide crucial insights into corporate performance across various sectors, helping investors gauge the health of different industries and make informed investment decisions.
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