Q3 Results Live: Federal Bank, Central Bank, Leela Palaces Report Profit Surge; Infosys Shares Climb Amid Mixed Earnings
On January 16, 2026, Q3 earnings saw Federal Bank, Central Bank of India, and Leela Palaces report significant profit increases. Infosys shares surged nearly 5% due to revenue growth and positive guidance, despite a PAT decline. Emmvee Photovoltaic Power also tripled net profit. Tech Mahindra, Reliance, and Wipro are among firms set to announce results. L&T Technology Services experienced a profit and share drop, while Angel One shares zoomed despite a PAT dip, highlighting a mixed earnings season.
The third-quarter earnings season on January 16, 2026, brought a wave of financial results from major Indian companies. Federal Bank reported a standalone net profit of ₹1041.21 crore, up 9% QoQ, with Net Interest Income (NII) growing to ₹2,652.73 crore. Its shares surged over 5%. Central Bank of India's standalone net profit rose to ₹1262.60 crore, leading to a 2% share increase and an interim dividend declaration. Leela Palaces Hotels & Resorts also saw a significant profit surge, with standalone net profit climbing to ₹76.81 crore, supported by a 21% growth in total operating revenue.Infosys shares climbed nearly 5% despite reporting a sequential and year-on-year PAT decline. This positive market reaction was attributed to upgraded revenue guidance, strong deal wins, and robust revenue growth (8.9% YoY). However, analysts caution that AI’s impact on broader valuation re-rating will require consistent execution and greater earnings visibility. In contrast, L&T Technology Services (LTTS) shares fell almost 5% after a 6.14% decline in consolidated net profit, affected by provisions for new Labour Codes. Angel One recorded a 4.5% decline in PAT due to rising operating expenses, yet its shares zoomed 7.5%, buoyed by strong business performance metrics like 11.1% QoQ revenue growth and robust client acquisition.Emmvee Photovoltaic Power reported a tripling of net profit to ₹263.6 crore, driven by 118% YoY revenue growth. Other companies like Jio Financial Services and HDFC Life Insurance Company reported flat or declining profits. Major firms including Reliance Industries, Wipro, Tech Mahindra, Polycab India, L&T Finance, and Sobha are scheduled to announce their Q3 results today, with Tech Mahindra anticipating 40-70 bps EBIT margin growth. The earnings season continues tomorrow, January 17, with results expected from HDFC Bank, ICICI Bank, and Yes Bank, among others.
