Q3 results today: HDFC Bank, ICICI Bank, Yes Bank and more to post earnings as markets eye growth signals

• What happened: Over 20 listed companies are releasing Q3 FY26 financial results today, including major private and public sector banks.

• Why it matters now: Investors are tracking earnings for signs of post-GST cut demand recovery and geopolitical spillover on India Inc.

• What changes for people: Bank results may influence loan rates, deposit trends and credit demand expectations.

• Who is affected: Retail investors, lenders, borrowers, traders and sectors tied to banking and cement.

The December quarter earnings season gains momentum today as several large financial institutions including HDFC Bank, ICICI Bank, Yes Bank, IDBI Bank, RBL Bank and Punjab & Sind Bank are set to publish their Q3 FY26 numbers. Cement manufacturer JK Cement and other mid-cap firms are also reporting.

Analysts say Q3 is a crucial checkpoint for markets seeking evidence of acceleration after the GST rate cuts announced on 22 September 2025, alongside continued global headwinds that could weigh on export-facing companies.

Key banks to watch

Brokerages expect HDFC Bank to show stronger loan momentum with the credit-deposit ratio potentially hovering around 98 to 100 percent. The focus remains on deposit mobilisation, especially retail, and how it influences net interest margins.

For ICICI Bank, analysts anticipate a steady quarter supported by loan and deposit growth and a possible margin boost from the CRR cut. Slippages may edge higher due to agri-linked exposures, making commentary on asset quality relevant.

Punjab & Sind Bank is expected to post 2 to 3 percent sequential business growth, with margin support coming from recoveries from written-off accounts and a mild improvement in NIMs.

What analysts are tracking this quarter

Market experts say Q3 numbers from banks will be used to assess:

• Deposit vs credit growth in a high-liquidity environment

• Impact of monetary policy adjustments on margins

• Strength of corporate and retail lending cycles

• Asset quality stability as rural distress remains mixed

Fund managers are also watching whether lending demand from MSMEs and real estate continued to support private banks after a robust festive season.

Full list of companies announcing results today (January 17, 2026)

1. BLB Limited

2. Can Fin Homes Limited

3. HDFC Bank Limited

4. ICICI Bank Limited

5. IDBI Bank Limited

6. Jayant Oil Mills Limited

7. JK Cement Limited

8. Malu Paper Mills Limited

9. Netweb Technologies India Limited

10. Nitin Castings Limited

11. Nureca Limited

12. Oswal Yarns Limited

13. PNB Gilts Limited

14. Punjab & Sind Bank

15. RBL Bank Limited

16. RCI Industries & Technologies Limited

17. Rossari Biotech Limited

18. Swadha Nature Products Limited

19. TLL (Transindia Realty & Logistics Parks Ltd)

20. UCO Bank

21. Vardhman Special Steels Limited

22. Yes Bank Limited