Q3 FY26 earnings calls.

MM Forgings delivered a decent Q3 FY26 with 11.3% YoY revenue growth, driven by 3% volume improvement and better realizations. Export markets, especially the US, showed sequential recovery after eight months of weakness,

Maan Aluminium reported a weak Q3 FY26 with revenue of ₹152 crore, down 16% YoY, driven by a conscious reduction in low-margin trading and a sharp decline in export orders. EBITDA grew 15% YoY to ₹7 crore, but margins re

M&M delivered a strong Q3 FY26 with consolidated revenue crossing INR 50,000 crore for the first time, up 26% YoY, and reported PAT up 47% YoY. Auto and farm volumes grew 23% each, with auto margins expanding 90bps and f

Marathon Nextgen reported its highest-ever 9-month PAT of 161 cr, driven by strong commercial portfolio performance and steady residential contributions. Revenue for 9M FY26 stood at 487 cr (post-merger basis). Area sale

Marico's Q3 FY26 call focused on its strategic transformation into a digital-first consumer powerhouse, anchored by three recent acquisitions: 4700 BC (premium snacking), Cosmix (functional nutrition), and Candid (skinca

Maruti Suzuki reported a stellar Q3 FY26, with net sales surging to INR 47,500 crore (up ~29% YoY) and PAT at INR 3,800 crore (+4% YoY, impacted by a one-time provision of INR 594 crore for new labor codes). The GST refo

Mishra Dhatu Nigam reported a strong Q3 FY26 with revenue of ₹275.66 crore, up 31.44% QoQ, driven by execution of titanium and superalloy orders. PAT surged to ₹27.46 crore from ₹12.76 crore in Q2. The order book stands

Modi's Navnirman delivered a stellar 9M FY26 with revenue of ₹137 Cr (+103% YoY), EBITDA of ₹30.89 Cr (+102% YoY), and PAT of ₹24.77 Cr (+105% YoY). The quarter was boosted by the completion of the Rashi Vasuv project (9

Mrs. Bectors reported Q3 FY26 revenue of INR 533.3 Cr (+8.4% YoY), with EBITDA margin expanding 44 bps to 12.8%. Biscuits grew 5.7% (impacted by GST 2.0 transition and US tariff uncertainty), while bakery (English Oven)

Narayana Hrudayalaya reported a strong Q3 FY26, driven by India business margin expansion of 150-200 bps YoY from payor mix optimization, robotic surgeries, and technology infusion. Bangalore cluster led growth, while No

NBCC reported consolidated revenue of ₹8,329 crore for 9M FY26, up 13% YoY, driven by strong execution in PMC and redevelopment projects. Q3 standalone PAT grew 53% YoY to ₹196 crore, though margins were impacted by poll

NTPC reported a mixed quarter with standalone PAT growing 5.85% YoY to INR 4,987 crore, but total income declined slightly to INR 41,673 crore. Group generation for 9M FY26 was 320 BU, marginally lower YoY. Key positives

Nurture Well Industries delivered a strong Q3 FY26 with revenue of ₹289.77 crore (+45.8% YoY) and PAT of ₹34.60 crore (+95% YoY), driven by expansion into high-demand categories like donuts, rusk, and fresh bakery, as we

ONGC reported a 23% YoY rise in consolidated net profit to ₹11,946 crore in Q3 FY26, driven by higher gas revenue, lower statutory levies, and improved subsidiary performance, despite a 12% drop in crude oil realizations

Ola Electric reported Q3 FY26 consolidated revenue of ₹470 crore, with gross margin expanding to 34.3% (+16pp YoY, +340bps QoQ), driven by vertical integration and Gen 3 platform benefits. Deliveries were 32,670 units (p

ONGC reported a strong Q3 FY26 with consolidated PAT of INR 11,946 crore, up 23% YoY, driven by higher gas revenue and lower statutory levies despite a decline in crude oil prices to $61.63/bbl. Standalone PAT rose 1.6%

Orient Green Power reported Q3 FY26 total income of ₹40.06 crore and a loss before exceptional items of ₹18.16 crore, an improvement of 17% YoY due to lower interest costs. For the 9-month period, revenue grew 16% YoY to

Orient Technologies reported a weak Q3 FY26 with revenue of ₹200.10 Cr (down 4.17% YoY) and a net loss of ₹14.96 Cr, driven by semiconductor shortages, supply chain disruptions, and the loss of a large telecom client. EB

Oriental Aromatics reported Q3 FY26 revenue of ₹252 cr (+13% YoY), but EBITDA margin contracted sharply to 5.26% (down ~559 bps YoY) and PAT swung to a loss of ₹1.92 cr. Volume growth remained healthy (sales +10% YoY), d

Patel Engineering reported Q3 FY26 consolidated revenue of ₹1,239 crore and EBITDA of ₹145 crore (11.7% margin), with PAT at ₹71 crore. The order book stands at ₹15,123 crore (book-to-bill 3.08x). Execution momentum cont

Patel Integrated Logistics reported Q3 FY26 revenue of INR 88 cr (up 12% YoY) with EBITDA margin of 2.49% and PAT of INR 3 cr (margin 3.05%). Total cargo volume declined to 14,339 tons (domestic -7% QoQ, international -6

Pennar Industries reported Q3 FY26 revenue of ₹959 crore (+13.3% YoY) and PAT of ₹33.6 crore (+10.1% YoY), impacted by ~₹4 crore one-time labor costs. Excluding these, PAT growth would have been ~20%. Diversified enginee

Petronet LNG reported a mixed Q3 FY26 with PAT of ₹848 cr (down 2.2% YoY) despite record capacity utilization at Kochi terminal at 29% and Dahej at 94%. Overall LNG volumes processed grew 2% YoY to 233 TBQ, supported by

PI Industries reported Q3 FY26 revenue of ₹1,376 crore, reflecting continued global agrochemical headwinds. The CSM export business saw volume-led moderation due to slow demand and customer rescheduling, though new produ

Platinum Industries reported Q3 FY26 standalone revenue of ₹102.62 crore, up 31% YoY, driven by strong CPVC demand and capacity expansion. PAT grew 18% YoY to ₹12.93 crore, though EBITDA margin contracted to 15.8% due to

PNGS Gargi Fashion Jewellery delivered a solid Q3 FY26 with revenue of 46.18 cr (up 27% YoY) and PAT of 10.65 cr (up 16.5% YoY). Excluding a one-time prior-year sale, revenue growth was ~53% in 9M FY26. The company opene

Power and Instrumentation reported a strong Q3 FY26 with total income of ₹48.89 crore, up 43.18% YoY, driven by robust execution in the RDSS distribution segment and infrastructure projects. EBITDA grew 37.83% to ₹6.16 c

Power Grid reported a strong Q3 FY26 with standalone revenue of INR 12,436 crore (+7% YoY) and PAT of INR 4,160 crore (+7% YoY), driven by improved project execution and resolution of right-of-way issues. Management rais

PPAP Automotive's Q3 FY26 consolidated revenue was ₹138 crore, flat YoY, impacted by model-specific demand softness at key OEMs (Maruti, Tata, Honda). PAT turned positive at ₹6.61 lakh vs. prior quarter loss, signaling o

Praj Industries reported Q3 FY26 revenue of ₹841 crore, flat sequentially, with a net loss of ₹12.4 crore due to a one-time ₹34.4 crore impact from revised labor laws. Excluding this, PAT was ~₹22 crore. The bioenergy se

Precision Camshafts reported a strong standalone PAT of ₹9.58 crore for Q3 FY26, reversing a loss of ₹0.42 crore in the prior quarter and up from ₹5 crore a year ago. Revenue grew 2.17% QoQ to ₹153 crore, with EBITDA mar

Premier Explosives reported Q3 FY26 revenue of ₹81.4 crore and EBITDA of ₹11.6 crore (14.3% margin), with PAT of ₹6 crore. The YoY decline is attributed to a high base from elevated shaft and flare dispatches last year a

PTC India reported a mixed Q3 FY26. Standalone PAT fell 25% YoY to ₹83 crore due to lower rebate and surcharge income, as improved discom liquidity reduced these earnings. However, trading volumes grew 4% YoY to 20 billi

Puravankara delivered a strong Q3 FY26 with total income surging 230% YoY to INR 1,114 crore, driven by higher handovers. EBITDA margin expanded to 23% (vs 10% last year), and PAT turned positive at INR 58 crore vs a los

Rajshree Polypack reported a mixed Q3 FY26: revenue declined 1.49% YoY to ₹71.62 crore due to softer domestic demand and lower sheet realizations, but EBITDA grew 13.82% YoY to ₹10.3 crore and PAT jumped 25% YoY to ₹2.13

Rane Madras reported a strong Q3 with revenue of ₹1,019.1 crore, up 21.3% YoY, driven by broad-based auto demand recovery and festive tailwinds. EBITDA margin improved 106 bps to 9.3%, aided by cost initiatives and opera

Rategain reported Q3 FY26 revenue of ₹540 crore, up 94% YoY, driven by the Sojern acquisition and organic growth of 4.1%. EBITDA grew 42% YoY, with consolidated margin at 16.1%. Reported PAT declined due to one-time exce

Rathi Steel delivered a strong Q3 FY26 with total income of ₹160.09 crore (+51% YoY) and PAT of ₹1.91 crore (+262% YoY), driven by improved capacity utilization, restart of the TMT mill, and a balanced product mix. EBITD

RBZ Jewellers delivered a steady Q3 FY26 with revenue of ₹226 crore (+17% YoY) and PAT of ₹17 crore (+33% YoY), driven by strong B2C festive and wedding demand (retail revenue +39% YoY to ₹155 crore). EBITDA margin expan

Reliance Industries reported a solid Q3 FY26 with consolidated revenue up 10% YoY and EBITDA up 6%, driven by strong O2C performance (15% EBITDA growth) and digital services (16% EBITDA growth). PAT grew 1.6% to ₹22,290

Religare Enterprises reported consolidated total income of ₹2,067.9 crore for Q3 FY26, up 23.8% YoY, driven by strong performance in the insurance segment. Care Health Insurance saw retail health premium grow 41% YoY on

Remsons Industries delivered a solid Q3 FY26 with consolidated revenue of ₹423 crore, up 20% YoY, driven by strong OEM demand and export growth (33% of sales). EBITDA margin improved to 12%, with PAT margin at 4%. Key wi

Renaissance Global reported Q3 FY26 core revenue (ex-bullion) of ₹824 crore, up 16% YoY, with EBITDA of ₹63 crore (+19.6% YoY) and PAT of ₹33 crore (+36.5% YoY). Growth was driven by a 50% YoY surge in US D2C revenue to

RHI Magnesita India delivered a record quarterly revenue of ₹1,092 crore (+8% YoY) and EBITDA of ₹150 crore (+14% YoY), with EBITDA margin expanding to 13.7% (+300 bps YoY). PAT surged 29% YoY to ₹62 crore. Growth was dr

RIR Power Electronics reported Q3 FY26 revenue of ₹20.27 crore and EBITDA of ₹0.86 crore, with PAT at ₹0.44 crore. The quarter was impacted by customer-driven scheduling changes, higher material costs, and new labor law

RNFI Services reported strong 9-month FY26 performance with revenue growing 46.9% YoY and PAT up 63.3% YoY, driven by high-margin businesses like delinquent loan collection, EMI collection, and the orchestration platform

Royal Orchid Hotels reported a strong Q3 FY26 with revenue from operations growing 26.6% YoY and room revenue surging 45% YoY, driven by the successful launch of Iconica Mumbai which contributed ₹17.4 crore in its initia

S Chand reported Q3 FY26 consolidated revenue of ₹99 crore and a PAT loss of ₹28.87 crore, with revenue impacted by syllabus revision shifting sales to Q4. Management reiterated full-year guidance of ₹800 crore+ revenue