Q3 results today: Bajaj Finance, Adani Ports among 111 companies to report earnings on Tuesday

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The December quarter earnings season continues on Tuesday with as many as 111 companies set to announce their Q3 results. Key results to watch out for include Bajaj Finance, Adani Ports, Adani Enterprises and Varun Beverages.

What to expect from Bajaj Finance Q3 results

Bajaj Finance is expected to report another steady quarter in Q3FY26, with an average of five brokerages pencilling in around 21% year-on-year growth in net interest income (NII) and 20% growth in profit after tax (PAT), supported by strong loan growth, stable margins and easing credit costs.

Estimates show the non-banking lender continuing its growth momentum, even as some segments such as MSME and mortgages see relatively slower traction compared with consumer lending.


Loan book growth remains the key driver. Bajaj Finance reported assets under management (AUM) of around Rs 4.9 lakh crore, reflecting about 22% growth YoY and 5% growth sequentially. Emkay Global expects quarterly growth to remain steady, aided by sustained demand across consumer durable loans, personal loans and digital lending products.

Margins are expected to be largely stable during the quarter. Emkay Global believes margins could remain flat or even improve marginally as borrowing costs moderate. Kotak Equities, however, expects spreads to stay flat at around 8.5%, with softer yields being offset by a slightly lower cost of borrowings.

Motilal Oswal also expects only a marginal movement in margins, with commentary around NIM trajectory likely to be closely watched.Credit costs are another area where analysts see gradual improvement. Emkay Global expects credit costs to ease to below 2% sequentially, while Kotak Equities has pencilled in credit costs of around 1.95% for Q3, compared with the 2-2.3% range seen over the previous four quarters. Motilal Oswal similarly expects a modest decline in credit costs, helped by stable asset quality.

Asset quality is expected to remain comfortable. Emkay Global sees gross stage 3 assets at around 1.2% and net stage 3 assets at 0.6%, indicating limited stress across the portfolio despite rapid loan growth.

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)

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