Q3 Results 2026: TCS, Infosys, Reliance, HDFC Bank and Other Top Companies to Announce Earnings Next Week
The Q3 earnings season for FY2026 is set to gather pace next week as several heavyweight Indian companies prepare to announce their financial results for the quarter ended December 31, 2025. Major names from the IT, banking, financial services, and manufacturing sectors are scheduled to declare earnings between January 12 and January 17, making it a crucial week for investors tracking stock market trends.
Why Q3 FY26 Earnings Matter
The December quarter is being closely monitored by analysts due to multiple macroeconomic developments. These include the impact of goods and services tax (GST) rate cuts announced in September 2025, ongoing geopolitical uncertainties, and global demand conditions affecting export-oriented businesses.
India continues to stand out among global economies. Recently, the government projected that the country’s economy could grow by 7.4% in the current financial year, supported by strong manufacturing activity, resilient services growth, steady household consumption, and sustained capital expenditure.
More than 120 listed companies are expected to report Q3 results next week, offering valuable insights into sector-wise performance and corporate earnings momentum.
Key Companies to Watch in the Coming Week
Several marquee companies are lined up to announce their Q3 FY26 results, including:
- IT majors such as Tata Consultancy Services, Infosys, Wipro, HCL Technologies, Tech Mahindra, and Tata Technologies
- Banking and financial services leaders like HDFC Bank, ICICI Bank, Union Bank of India, and Yes Bank
- Large corporates including Reliance Industries and group companies
TCS Q3 Results Preview
According to brokerage estimates, Tata Consultancy Services is expected to deliver a steady performance in the December quarter. Revenue is projected to rise by around 2.6% quarter-on-quarter, supported by growth in the BFSI and hi-tech segments, along with favorable currency movements.
However, operating margins may come under pressure. EBIT margins are estimated to decline by nearly 28 basis points due to wage hikes, increased investments, and fewer working days during the quarter.
Key aspects investors will track include:
- Total contract value (TCV) of new deals and deal pipeline
- Management commentary on demand trends across business verticals
- Updates on large strategic deals, including public sector projects
HCL Technologies Q3 Results Preview
HCL Technologies is expected to continue its positive growth trajectory in Q3 FY26. Analysts forecast revenue growth of about 4.5% QoQ, driven by seasonal strength in its engineering research and development (ER&D) and software segments.
On the profitability front, EBIT margins are expected to improve sharply by around 187 basis points, aided by currency benefits, although partially offset by employee cost increases.
Investors will closely watch:
- Deal wins and order pipeline strength
- Performance of ER&D and digital services
- Progress in generative AI adoption and related offerings
- Management guidance for the coming quarters
HDFC Bank Q3 Results Preview
HDFC Bank’s Q3 results are expected to reflect improving loan growth momentum, while net interest margins (NIMs) are likely to remain broadly stable. Analysts believe the interaction between key metrics such as loan-to-deposit ratio (LDR), liquidity coverage ratio (LCR), and NIMs will be critical.
Deposit growth and its composition, especially retail deposits, will be a key focus area. The bank’s credit-deposit ratio is expected to hover in the 98–100% range, highlighting tight liquidity conditions in the banking system.
Complete Schedule: Companies Announcing Q3 Results (Jan 12–17)
From mid-cap companies to large-cap leaders, a wide range of firms across sectors are scheduled to announce their earnings during the week. This includes companies from IT services, banking, insurance, infrastructure, media, chemicals, renewable energy, and consumer businesses.
The packed earnings calendar is expected to drive stock-specific action in the market, as investors react to earnings surprises, margin trends, and forward-looking guidance.
What Investors Should Focus On
- Revenue growth trends amid global uncertainty
- Margin pressures due to wage hikes and input costs
- Management outlook on demand recovery and deal pipelines
- Sector-specific cues from IT, banking, and industrial stocks
Overall, Q3 FY26 results will play a significant role in shaping near-term market sentiment and investment strategies.
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