TCS, HCL Tech Among 17 Companies Announcing Q3 FY26 Results Today

The third quarter earnings season for fiscal year 2026 officially kicks off today with major IT companies Tata Consultancy Services (TCS) and HCL Technologies set to announce their December results. Analysts and investors are closely watching Q3 FY26 performance indicators following the Goods and Services Tax cuts announced on September 22, 2025, and evaluating how geopolitical uncertainty has affected globally operating businesses.

Market Expectations and Sector Outlook

According to Siddhartha Khemka, Head of Research, Wealth Management at Motilal Oswal Financial Services, corporate earnings are expected to show sharp improvement in Q3. The brokerage firm anticipates their coverage universe of approximately 340 companies will deliver 16% year-on-year PAT growth, representing the strongest performance in the past eight quarters. Nifty50 earnings are estimated to grow at 8% year-on-year.

The earnings growth is expected to be broad-based across multiple sectors:

Sector	Expected YoY Growth
Oil & Gas	+25%
NBFC Lending	+26%
Automobiles	+25%
Metals	+15%
Telecom	2.6x jump in profits
Capital Goods	+24%
Cement	+66%

TCS Q3 Results Preview

Axis Securities projects TCS will post a 2.60% quarter-on-quarter revenue growth, supported by gains in the BFSI and hi-tech sectors, along with benefits from cross-currency movements. However, EBIT margins are expected to decline by 28 basis points during the quarter due to the impact of wage hikes, higher investments, and lower working days.

Key factors to monitor for TCS include:

Deal TCV and pipeline developments
Outlook on business verticals
BSNL advance purchase order deal progress

HCL Technologies Q3 Results Preview

HCL Technologies is expected to sustain its growth trajectory with Axis Securities forecasting a 4.50% quarter-on-quarter revenue increase. This growth is anticipated to be driven by seasonal trends in the company's ER&D and software segments. EBIT margins are projected to improve by 187 basis points quarter-on-quarter, driven by currency tailwinds, partially offset by wage hikes.

Critical areas to watch for HCL Tech include:

Deal TCV and deal pipeline performance
ER&D and services businesses results
GenAI adoption progress
Management guidance updates

Complete List of Companies Reporting Today

According to the BSE earnings calendar, 17 companies will declare their Q3 FY26 results today, Monday, January 12:

Company Name
ACE EDUCARE LIMITED
Anand Rathi Wealth Limited
Continental Chemicals Limited
CSL Finance Limited
G G Auto Limited
GTPL Hathway Limited
Gujarat Hotels Limited
HCL Technologies Limited
Lotus Chocolate Limited
Mahindra Scooters Limited
Netlink Solutions Limited
OK Play India Limited
Premier Polyfilms Limited
Pure Tropical Foods Limited
Shri Raj Oil Limited
Tata Consultancy Services Limited
Tierra Design Limited

More than 120 companies are scheduled to report their financial results for the quarter ending December 31, 2026, throughout this week, making it a crucial period for market participants to assess corporate performance trends.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-0.24%	-1.56%	-0.26%	-5.43%	-20.77%	+0.74%

India's largest IT services company, Tata Consultancy Services , is set to report its financial results for the quarter ended December 2025 (Q3FY26) today, January 12. The street expects a steady yet muted performance from the IT giant.

Street Expectations for Q3FY26

Brokerages are projecting modest growth for TCS in the third quarter, with revenue and profit estimates showing single-digit growth rates.

Metric	Expected Range	Growth (YoY)
Revenue	₹67,000 - ₹67,500 crore	~5%
Profit After Tax	₹13,000 - ₹13,200 crore	~6%

These projections indicate that analysts expect TCS to maintain its growth trajectory, albeit at a measured pace reflecting the current market conditions in the IT services sector.

Trading Strategy Ahead of Results

Given the anticipated volatility around the earnings announcement, Jigar S Patel, Senior Manager – Technical Research Analyst at Anand Rathi Shares and Stock Brokers, recommends deploying a Long Strangle strategy. The technical analysis reveals a Head & Shoulder pattern on the daily chart following a strong rally from around ₹2,900 to ₹3,325, suggesting potential for sharp price movements.

Strategy Component	Details
Buy TCS 3240 CE	Near ₹45.00
Buy TCS 3160 PE	Near ₹45.00
Total Premium Paid	₹90.00
Stop Loss	₹45.00 (combined)
Target	Open-ended for volatility capture

This options strategy is designed to benefit from significant price movements in either direction while protecting against directional bias, making it particularly suitable for result-based trading scenarios.

Previous Quarter Performance

TCS's Q2FY26 results provide context for the upcoming announcement, showing the company's recent financial trajectory.

Parameter	Q2FY26	Q2FY25	Growth
Revenue	₹65,799.00 crore	₹64,259.00 crore	2.40%
Net Profit	₹12,075.00 crore	₹11,909.00 crore	1.40%
Street Expectation	₹12,573.00 crore	-	Missed by ₹498.00 crore

The previous quarter's performance fell short of street expectations, with net profit coming in below the anticipated ₹12,573.00 crore, which adds significance to today's results announcement.

Recent Stock Performance

TCS shares have experienced mixed performance across different time horizons, reflecting broader market sentiment and sector-specific challenges.

Period	Performance
1 Week	-1.30%
2 Weeks	-2.19%
1 Month	-0.01%
3 Months	+4.77%
6 Months	-5.21%
1 Year	-20.53%

The stock's performance shows short-term weakness with recent declines, while maintaining modest gains over the three-month period. However, the significant year-over-year decline of 20.53% indicates the stock has underperformed the broader market, making today's results crucial for investor sentiment and future price direction.