Q3 FY2026 Quarterly Result Highlights of Reliance, Polycab, L&T Finance, Federal Bank, Poonawalla Fincorp, Tata Tech, Geojit Fin, Central Bank of India, Leela Hotel &Jindal Saw

Reliance Industries (RIL) Q3 FY2026 Result Highlights

• Consolidated Revenue ₹2,93,829 crore +10% YoY
• EBITDA ₹50,932 crore, increased by 6% year-on-year.
• EBITDA Margin 17.3% Down YoY
• Profit Before Tax ₹29,697 crore +3.7%
• PAT Margin 6.3% Down from 6.9%
• Profit After Tax (PAT): INR 22,290 crores, up 1.6% year-on-year.
• Retail Revenue: INR 97,600 crores, up 8.1% year-on-year.
• Retail EBITDA: INR 6,915 crores with an 8% margin.
• Digital Services Revenue: INR 37,262 crores, up 12.7% year-on-year.
• Digital Services EBITDA: INR 19,303 crores with a 51.8% margin.
• FMCG Turnover: Over INR 5,000 crores, up 60% year-on-year.
• Energy Business Revenue Growth: 15% year-on-year.
• O2C EBITDA: INR 16,507 crores, up 15% year-on-year.
• Store Count: Approximately 20,000 stores with 430 new additions.
• 5G Subscribers: 253 million plus.
• Jio Subscriber Base: 515 million, with 8.9 million net additions in the quarter.
• CapEx: INR 33,000 to INR 34,000 crores.
• Credit Rating Upgrade: S&P upgraded from BBB+ to A-.
• Stock Verdict: Negative

Polycab Q3 FY2026 Result Highlights: Revenue Jumps 46% YoY, PAT Rises 36%

• Polycab’s revenue surged 46% year-on-year to ₹76,361 million.
• EBITDA increased 34% YoY to ₹9,661 million
• Profit after tax (PAT) rose 36% YoY to ₹6,302 million.
• EBITDA margin for the quarter stood at 12.7%, and PAT margin was 8.3%.
• Polycab Segment-wise Q3 Performance:
• The Wires & Cables (W&C) business delivered 53% YoY growth, led by strong domestic demand and market share gains. Wires outperformed cables, while institutional sales grew faster than channel sales. International business contributed around 6% of total revenue.
• The FMEG segment grew 17% YoY, driven mainly by the solar products category.
• Profitability remained stable despite higher spending on brand building.
• The EPC business reported revenue of ₹4,069 million, up 4% YoY, with EBIT margins at 6.7%.
• Stock Verdict: Positive

L&T Finance Q3 FY2026 Result Highlights

• The company delivered impressive growth across key financial metrics during the quarter. Net interest income grew 13.4% to ₹2,537.00 crores from ₹2,237.00 crores in the year-ago period, reflecting sustained momentum across its retail lending portfolio.
• Net Profit at ₹738.60 crore, up +17.9% YoY
• Net Interest Income at ₹2,537.00 crore, up +13.4% YoY
• Revenue from Operations at ₹4,240.07 crore, up +11.4% YoY
• Total Income at ₹4,581.49 crore, up +11.6%
• Basic EPS ₹2.95, up +17.5% YoY
• Asset Quality Concerns Emerge
• L&T Finance’s reported credit costs rose by approximately 45 basis points quarter-on-quarter to 2.9%
• Retail Business Expansion
• L&T Finance demonstrated exceptional growth in its retail segment, with disbursements for Q3FY26 reaching ₹22,690.00 crores, marking a sharp 49% increase from ₹15,210.00 crores in the year-ago quarter. The growth was broad-based across rural, urban, small and medium enterprise, and farmer finance segments.
• Retail Loan Book ₹1,11,000.00 cr ₹92,224.00 cr +21.0%. Retailisation ~97% Stable.
• Stock Verdict: Positive

Federal Bank Q3 Results: Profit, NII beat expectations, asset quality improves; Stock jumps 9%

• Net Interest Income (NII) or core income grew by 9% from last year to ₹2,653 crore.
• Net profit for the period increased by 9% from last year to ₹1,041 crore
• Federal Bank’s asset quality improved on a sequential basis, with Gross Non-Performing Assets (NPAs) improving to 1.72% from 1.83% in September, while Net NPA improved to 0.42% from 0.48% last quarter.
• In absolute terms, Gross NPAs improved to ₹4,447 crore from ₹4,532 crore last quarter, while Net NPAs improved to ₹1,068 crore from ₹1,165.2 crore in September.
• Provisions for the quarter remained largely unchanged at ₹332 crore from ₹363 crore last quarter and ₹292 crore last year.
• Slippages at the end of the December quarter improved to ₹443 crore from ₹584 crore during the second quarter last year.
• Advances for the quarter increased by 11% from last year and 4.5% sequentially to ₹2.55 lakh crore, led by the commercial banking and corporate & institutional banking.
• Deposits for the quarter grew by 11.8% from last year to ₹2.97 lakh crore. The figure was up 3.1% from the September quarter as well.
• Fee income increased by over 18.5% year-on-year to ₹896.47 crore, while CASA ratio improved to 32.07%, up 106 basis points sequentially and 191 basis points from last year.
• Stock Verdict: Very Positive

Poonawalla Fincorp Ltd Q3 FY2026 Result Highlights

• Assets Under Management (AUM) stood at Rs 55,017 crore, up 77.6% YoY and 15.3% QoQ.
• Secured to Unsecured on-book mix at 56:44. This is a negative as significant portion of the company’s book, 44%, is still unsecured, which could expose the company to higher risk in adverse economic conditions.
• Net Interest Income (inc. fees and other income) at Rs 1,080 crore, up 60.6% YoY.
• Net Interest Margin (NIM) (inc. fees and other income) at 8.62% in Q3FY26 vs 8.40% in Q2FY26.
• PPoP of Rs 528 crore, up 41.5% YoY in the quarter ended December 31, 2025.
• PAT of Rs 150 crore in Q3FY26 vs Rs 74 crore in Q2FY26.
• Stable asset quality: GNPA stood at 1.51% in Q3FY26 vs 1.59% in Q2FY26.
• NNPA stood at 0.80% in Q3FY26 vs 0.81% in Q2FY26.
• Credit cost as a percentage to average AUM is at 2.62% in Q3FY26 vs 2.67% in Q2FY26.
• Stage 1 Assets stood at 97.4% of on-book assets in Q3FY26 vs 97.1% in Q2FY26.
• Capital Adequacy Ratio at 18.17% (Tier-1 at 17.15%), well above the regulatory requirement of 15%.
• Liquidity buffer stood at Rs 6,488 crore as of December 31, 2025.
• Cost of Borrowings at 7.65% for this quarter, 4 bps lower than Q2FY26.
• 12 new AI projects have been added this quarter, bringing the total to 57 cutting-edge AI projects.

Tata Tech Q3 FY2026 results: Profit tumbles over 96% but revenue up 4%

• Tata Tech reported a 96.06 per cent year-on-year (YoY) drop in its consolidated net profit for the December 2025 quarter (Q3 FY26).
• The company’s profit for the quarter slumped to Rs 6.64 crore, compared with Rs 168.64 crore in the corresponding period last year.
• Revenue from operations during the quarter rose 3.67 per cent YoY to Rs 1,365.73 crore from Rs 13,285.6 crore in Q3 FY25.
• Operating EBITDA of Rs 192.9 crore for the period under review, with EBITDA margins coming in at 14.1 per cent.
• Stock Verdict: Negative

Central Bank of India Q3 2026 Results Highlights: Net Profit up 31.23% & Revenue Up 12.61% YoY

• Central Bank of India’s profit increased 31.23% YoY, while revenue increased by 12.61% YoY.
• The company posted robust numbers, with Q3 PAT at ₹1,264.29 crores and revenue at ₹11,006.94 crores.
• Central Bank of India clocked Q3 FY26 consolidated revenue of ₹11,006.94 crores vs ₹9,774.25 crores.
• On the profit front, Central Bank of India earned a consolidated PAT of ₹1,264.29 crore in Q3 FY26. During FY25, the company’s PAT stood at ₹963.38 crore.
• According to the consolidated figures, the Central Bank of India’s quarterly PAT increased by 31.23% YoY, while revenue increased by 12.61%.
• Central Bank of India clocked Q3 FY26 standalone revenue of ₹10,968.68 crores vs ₹9,738.64 crores.
• On the profit front, Central Bank of India earned a standalone PAT of ₹1,262.60 crore in Q3 FY26. During FY25, the company’s PAT stood at ₹958.93 crore.
• According to the standalone figures, Central Bank of India’s quarterly PAT increased by 31.23% YoY, while revenue increased by 12.61%.

Geojit Financial Services Q3 FY2026 Result Highlights

• Net Sales at Rs 74.61 crore in December 2025 down 53.34% from Rs. 159.90 crore in December 2024.
• Quarterly Net Profit at Rs. 14.98 crore in December 2025 down 52.82% from Rs. 31.75 crore in December 2024.
• EBITDA stands at Rs. 36.66 crore in December 2025 down 36.04% from Rs. 57.32 crore in December 2024.
• Geojit Fin EPS has decreased to Rs. 0.54 in December 2025 from Rs. 1.16 in December 2024.
• Stock Verdict: Negative

Leela Palaces Hotels & Resorts Q3 FY2026 Quarterly Results Highlights — Net profit jumps 162%

• Leela Palaces Hotels & Resorts Ltd reported a 41.2% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter-ended Dec (Q3 FY 2025-26). On a year-on-year (YoY) basis, it witnessed a growth of 16.7%.
• Its expenses for the quarter were up by 21.3% QoQ and down 13.2% YoY.
• The net profit increased 97.9% QoQ and increased 162.2% YoY.
• Earnings per share (EPS) of Leela Palaces Hotels & Resorts Ltd stood at 4.54 during Q3 FY 2025-26.
• Leela Palaces, Hotels and Resorts said its RevPAR rose 20% to ₹21,551, reflecting industry-leading performance and strong pricing power, and outperforming the India luxury segment by about 2.3 times during October–November 2025.
• Growth was broad-based across revenue streams, with room revenue increasing 20% driven by higher retail and group contributions, led by weddings, while food and beverage revenue jumped 29% on the back of strong banqueting and MICE demand.

Jindal Saw Q3 FY2026 Quarterly Result Highlights

• During Q3 FY26, Jindal Saw’s profit decreased by 49.06% YoY, while revenue decreased by 6.22% YoY.
• The company posted robust numbers, with Q3 PAT at ₹257.99 crores and revenue at ₹4,943.41 crores.
• Jindal Saw clocked Q3 FY26 consolidated revenue of ₹4,943.41 crores vs ₹5,271.30 crores.
• On the profit front, Jindal Saw earned a consolidated PAT of ₹257.99 crore in Q3 FY26. During FY25, the company’s PAT stood at ₹506.42 crore.
• According to the consolidated figures, Jindal Saw’s quarterly PAT decreased by 96.06% YoY, while revenue increased by 3.67%.
• Jindal Saw clocked Q3 FY26 standalone revenue of ₹4,129.47 crores vs ₹4,473.62 crores.
• On the profit front, Jindal Saw earned a standalone PAT of ₹226.77 crore in Q3 FY26. During FY25, the company’s PAT stood at ₹477.16 crore.
• According to the standalone figures, Jindal Saw’s quarterly PAT decreased by 52.48% YoY, while revenue decreased by 7.69%.