PNB Housing – Q3 FY25 Earnings Highlights
Price: ₹931 | M.Cap: ₹24,202 Cr | P/E: 10.8
| Metric | Value | YoY Change | YoY Base | QoQ Change | QoQ Base |
|---|---|---|---|---|---|
| Sales | ₹2,110 Cr | ▲ 10% | ₹1,923 Cr | ▼ 3% | ₹2,168 Cr |
| EBITDA | ₹1,936 Cr | ▲ 9% | ₹1,774 Cr | ▼ 7% | ₹2,084 Cr |
| Net Profit | ₹521 Cr | ▲ 11% | ₹471 Cr | ▼ 17% | ₹626 Cr |
| EPS | ₹20.00 | ▲ 10% | ₹18.14 | ▼ 17% | ₹24.05 |
Verdict
PNB Housing delivered steady double-digit year-on-year growth across sales, EBITDA, net profit, and EPS, reflecting strong underlying business momentum. However, the quarter witnessed a sequential decline in profitability, indicating short-term margin pressure. Overall fundamentals remain stable with a positive long-term outlook, supported by a reasonable valuation at a P/E of 10.8.
KEI Industries – Q3 FY26 Earnings Highlights
Stock Snapshot: Price: ₹3,939 | Market Cap: ₹37,710 Cr | P/E: 43.8
| Metric | Value | YoY Change | YoY Base | QoQ Change | QoQ Base |
|---|---|---|---|---|---|
| Sales | ₹2,955 Cr | ▲ 20% | ₹2,472 Cr | ▲ 8% | ₹2,726 Cr |
| EBITDA | ₹320 Cr | ▲ 30% | ₹246 Cr | ▲ 19% | ₹269 Cr |
| Net Profit | ₹235 Cr | ▲ 42% | ₹165 Cr | ▲ 15% | ₹204 Cr |
| EPS | ₹24.57 | ▲ 42% | ₹17.25 | ▲ 15% | ₹21.29 |
Verdict
KEI Industries delivered a strong Q3 FY26 performance with robust double-digit growth across sales, EBITDA, and profitability. Margin expansion and healthy quarter-on-quarter momentum highlight strong operational efficiency and sustained demand traction. Overall, the company remains on a solid growth trajectory with improving earnings quality.
EPack PrefabTech – Q3 FY25 Earnings Highlights
CMP: ₹227 | Market Cap: ₹2,281 Cr | P/E: 27.7
| Metric | Value | YoY Change | YoY Base | QoQ Change | QoQ Base |
|---|---|---|---|---|---|
| Sales | ₹325 Cr | ▲ 22% | ₹266 Cr | ▼ 25% | ₹434 Cr |
| EBITDA | ₹32.7 Cr | ▲ 21% | ₹27.0 Cr | ▼ 35% | ₹50.0 Cr |
| Net Profit | ₹16.8 Cr | ▲ 45% | ₹11.6 Cr | ▼ 43% | ₹29.5 Cr |
| EPS | ₹1.68 | ▲ 12% | ₹1.50 | ▼ 43% | ₹2.93 |
Verdict
EPack PrefabTech delivered strong year-on-year growth across revenue and profitability, supported by steady demand execution. However, the sequential quarter-on-quarter decline in sales and margins indicates short-term operational pressure. The medium-term outlook remains positive due to infrastructure and prefab demand tailwinds, while margin recovery will be the key trigger for re-rating.
Tata Communications – Q3 FY26 Earnings Highlights (Dec 2025)
Price: ₹1,618 | Market Cap: ₹46,055 Cr | P/E: 40.2
| Metric | Value | YoY Change | YoY Base | QoQ Change | QoQ Base |
|---|---|---|---|---|---|
| Sales | ₹6,189 Cr | ▲ 7% | ₹5,798 Cr | ▲ 1% | ₹6,100 Cr |
| EBITDA | ₹1,228 Cr | ▲ 4% | ₹1,181 Cr | ▲ 5% | ₹1,174 Cr |
| Net Profit | ₹364 Cr | ▲ 55% | ₹236 Cr | ▲ 99% | ₹183 Cr |
| EPS | ₹12.82 | ▲ 55% | ₹8.28 | ▲ 100% | ₹6.42 |
Exceptional Items (Excluded from YoY %)
- Dec 2025: -₹76.8 Cr
- Dec 2024: -₹35.6 Cr
Verdict
Tata Communications delivered steady revenue and EBITDA growth in Q3 FY26, while net profit and EPS recorded strong year-on-year and quarter-on-quarter expansion. Despite modest top-line growth, the sharp improvement in bottom-line performance reflects enhanced operational efficiency and strengthening profitability momentum, supporting a positive earnings outlook.
Dalmia Bharat Ltd – Q3 FY26 Earnings Highlights
| Metric | Actual | YoY Change | YoY Base | QoQ Change | QoQ Base |
|---|---|---|---|---|---|
| Revenue (Sales) | ₹3,506 Cr | ▲ 10% | ₹3,181 Cr | ▲ 3% | ₹3,417 Cr |
| EBITDA | ₹602 Cr | ▲ 18% | ₹511 Cr | ▼ 13% | ₹696 Cr |
| Net Profit | ₹128 Cr | ▲ 137% | ₹66 Cr | ▼ 46% | ₹239 Cr |
| EPS | ₹6.50 | ▲ 100% | ₹3.25 | ▼ 48% | ₹12.58 |
| EBITDA Margin | 17.2% | — | |||
| Volume Growth | 10% | YoY Growth | |||
| Exceptional Items (Dec 2025) | -₹32 Cr | — | |||
Street Estimates vs Actual (CNBC-TV18 Poll)
| Metric | Actual | Estimate | Beat / Miss |
|---|---|---|---|
| Revenue | ₹3,506 Cr | ₹3,456 Cr | Beat ✅ |
| EBITDA | ₹602 Cr | ₹619 Cr | Miss ❌ |
| Net Profit | ₹128 Cr | ₹169 Cr | Miss ❌ |
| EBITDA Margin | 17.2% | 17.9% | Below Expectation ❌ |
| Volume Growth | 10% | 7% | Strong Beat ✅ |
Verdict
Dalmia Bharat delivered strong volume-led revenue growth in Q3 FY26, beating street estimates on the topline. However, profitability remained under pressure with EBITDA and net profit missing expectations due to margin compression and higher costs. While YoY performance looks strong on a low base, near-term margin recovery will remain the key monitorable for sustained earnings momentum.
Eternal – Q3 FY26 Earnings Highlights
Price: ₹284 | Market Cap:₹2,73,233 Cr| P/E: 1182.8
| Metric | Q3 FY26 Value | YoY Change | YoY Base | QoQ Base |
|---|---|---|---|---|
| Sales | ₹16,315 Cr | ▲ 202% | ₹5,405 Cr | ₹13,590 Cr |
| EBITDA | ₹368 Cr | ▲ 127% | ₹162 Cr | ₹239 Cr |
| Net Profit | ₹102 Cr | ▲ 73% | ₹59 Cr | ₹65 Cr |
| EPS | ₹0.11 | ▲ 83% | ₹0.06 | ₹0.07 |
Estimate vs Actual (CNBC-TV18 Poll)
| Metric | Actual | Estimate | Status |
|---|---|---|---|
| Revenue | ₹16,315 Cr | ₹15,500 Cr | Beat |
| EBITDA | ₹368 Cr | ₹300 Cr | Beat |
| EBITDA Margin | 2.3% | 1.9% | Beat |
| Net Profit | ₹102 Cr | ₹102 Cr | In-line |
Verdict
Eternal delivered a strong Q3 FY26 performance with triple-digit revenue growth and robust EBITDA expansion, beating street estimates on revenue, operating profit, and margins. While profitability growth remains healthy, the rich valuation (high P/E) suggests the stock is pricing in aggressive future growth, making execution consistency crucial going forward.
UTI AMC – Q3 FY26 Earnings Highlights (Dec 2025)
Price: ₹1,034 | Market Cap: ₹13,304 Cr | P/E: 18.7
| Metric | Value | YoY Change | YoY Base | QoQ Change | QoQ Base |
|---|---|---|---|---|---|
| Sales | ₹423 Cr | ▲ 29% | ₹329 Cr | ▲ 8% | ₹390 Cr |
| EBITDA | ₹280 Cr | ▲ 40% | ₹200 Cr | ▲ 35% | ₹207 Cr |
| Net Profit | ₹124 Cr | ▲ 45% | ₹142 Cr | ▼ 25% | ₹166 Cr |
| EPS | ₹9.62 | ▼ 14% | ₹11.14 | ▼ 26% | ₹12.96 |
Note: Exceptional item of -₹108 Cr (Dec 2025) excluded from YoY growth calculations.
Verdict
UTI AMC delivered strong year-on-year growth in revenue and operating profit, reflecting healthy business momentum. However, sequential pressure on net profit and EPS indicates margin or cost-related challenges during the quarter. Overall, the company shows solid operational strength, but short-term profitability trends need close monitoring.
Canara HSBC – Q3 FY26 Earnings Highlights
Price: ₹137 | Market Cap: ₹12,980 Cr | P/E: 112.8
| Metric | Value | YoY Change | YoY Base | QoQ Change | QoQ Base |
|---|---|---|---|---|---|
| Sales | ₹4,202 Cr | ▲ 177% | ₹1,516 Cr | ▲ 79% | ₹2,348 Cr |
| EBITDA | -₹70.2 Cr | ▼ 210% | -₹22.7 Cr | ▼ 544% | ₹15.8 Cr |
| Net Profit | ₹27.6 Cr | ▼ 6% | ₹29.3 Cr | ▼ 32% | ₹40.8 Cr |
| EPS | ₹0.29 | ▼ 6% | ₹0.31 | ▼ 33% | ₹0.43 |
Verdict
Canara HSBC reported strong revenue growth driven by sharp YoY and QoQ expansion in sales. However, profitability remained under pressure as EBITDA turned negative and net profit declined on both YoY and QoQ basis. Despite top-line momentum, margin stress and earnings slowdown indicate a cautious near-term outlook until operational efficiency improves.
Bajaj Consumer – Q3 FY26 Earnings Highlights
| Metric | Value | YoY Change | YoY Base | QoQ Change | QoQ Base |
|---|---|---|---|---|---|
| Sales | ₹306 Cr | ▲ 31% | ₹234 Cr | ▲ 15% | ₹265 Cr |
| EBITDA | ₹56.1 Cr | ▲ 114% | ₹26.2 Cr | ▲ 17% | ₹47.8 Cr |
| Net Profit | ₹46.4 Cr | ▲ 83% | ₹25.3 Cr | ▲ 10% | ₹42.3 Cr |
| EPS | ₹3.55 | ▲ 92% | ₹1.85 | ▲ 10% | ₹3.24 |
Verdict
Bajaj Consumer delivered a strong Q3 FY26 performance with robust year-on-year growth across all key metrics. The sharp jump in EBITDA and profits indicates improved margins and better operational efficiency, while steady quarter-on-quarter growth reflects sustained business momentum and a positive near-term outlook.
Tatva Chintan – Dec 2025 Earnings Highlights
Price: ₹1,387 | Market Cap: ₹3,249 Cr | P/E: 99.1
| Metric | Value | YoY Change | YoY Base | QoQ Change | QoQ Base |
|---|---|---|---|---|---|
| Sales | ₹131 Cr | ▲ 53% | ₹85.9 Cr | ▲ 6% | ₹124 Cr |
| EBITDA | ₹25.5 Cr | ▲ 261% | ₹7.07 Cr | ▲ 15% | ₹22.2 Cr |
| Net Profit | ₹15.2 Cr | ▲ 10,736% | ₹0.14 Cr | ▲ 53% | ₹9.92 Cr |
| EPS | ₹6.49 | ▲ 10,717% | ₹0.06 | ▲ 53% | ₹4.24 |
Verdict
Tatva Chintan delivered a strong turnaround quarter with sharp improvement in profitability and margins. Robust year-on-year growth across EBITDA and net profit reflects operational recovery and improved cost efficiency. However, the high valuation (P/E 99.1) indicates that sustained earnings growth will be essential to justify current price levels.
Jindal Stainless – Q3 FY26 Earnings Highlights (Dec 2025)
Price: ₹750 | Market Cap: ₹61,888 Cr | P/E: 20.9
| Metric | Value | YoY Change | YoY Base | QoQ Change | QoQ Base |
|---|---|---|---|---|---|
| Sales | ₹10,518 Cr | ▲ 6% | ₹9,907 Cr | ▼ 3% | ₹10,893 Cr |
| EBITDA | ₹1,408 Cr | ▲ 18% | ₹1,193 Cr | ▲ 2% | ₹1,374 Cr |
| Net Profit | ₹828 Cr | ▲ 30% | ₹654 Cr | ▲ 2% | ₹808 Cr |
| EPS | ₹10.05 | ▲ 26% | ₹7.95 | ▲ 3% | ₹9.79 |
Verdict
Jindal Stainless delivered strong profitability growth in Q3 FY26 with healthy year-on-year expansion in EBITDA, net profit, and EPS despite modest sales growth. Stable quarter-on-quarter performance and margin improvement highlight improved operational efficiency and sustained demand momentum.
Thangamayil Jewellery – Q3 FY26 Earnings Highlights (Dec 2025)
Price: ₹3,888 | Market Cap: ₹12,078 Cr | P/E: 49.9
| Metric | Value | YoY Change | YoY Base | QoQ Change | QoQ Base |
|---|---|---|---|---|---|
| Sales | ₹2,406 Cr | ▲ 112% | ₹1,132 Cr | ▲ 41% | ₹1,711 Cr |
| EBITDA | ₹172 Cr | ▲ 107% | ₹83.2 Cr | ▲ 62% | ₹106 Cr |
| Net Profit | ₹105 Cr | ▲ 121% | ₹48.2 Cr | ▲ 79% | ₹58.5 Cr |
| EPS | ₹33.71 | ▲ 117% | ₹15.50 | ▲ 79% | ₹18.82 |
Exceptional Items (Dec 2025): ₹-2.38 Cr (Ignored for YoY comparison)
Verdict
Thangamayil Jewellery delivered an outstanding Q3 FY26 performance with strong triple-digit year-on-year growth across sales, EBITDA, net profit, and EPS. Sequential growth remained robust, reflecting strong festive demand, improved operating leverage, and healthy margins. Overall performance indicates solid business momentum and a sustained profitability outlook.
