Indian markets continued their positive momentum for the third consecutive session, buoyed by strong Q3 earnings from select companies and positive cues from Asian markets. Several major companies, including Eicher Motors and Titan, released their Q3 results today, while NLC India posted its results earlier.

NLC India

NLC India's Q3 results reveal a mixed financial performance. While the company's total income saw an increase of 20.62% to ₹4,411.41 crore, its profit after tax experienced a significant decline of 26.73% to ₹668.09 crore. The operating profit also saw a slight decrease of 2.88% to ₹579.83 crore.

However, looking at the nine-month period ending December 31, 2025, on a consolidated basis, Profit After Tax (PAT) grew significantly, and the basic EPS reached ₹15.31. Total Income grew to ₹13,269.67 Crore from ₹12,917.56 Crore year-on-year. Profit Before Tax reached ₹2,357.54 Crore.

Adding to the complexity, NLC India's auditors have flagged a "Material Uncertainty Relating to Going Concern" due to land acquisition issues for lignite mining. Despite these challenges, NLC India is pursuing growth through renewable energy expansion and new joint ventures. NLC India's board has approved the Standalone and Consolidated Unaudited Financial Results for Q3 FY26.

Eicher Motors

Eicher Motors, the maker of Royal Enfield motorcycles, is anticipated to announce its Q3 FY26 results today. Ahead of the results, analysts predicted a rise in revenue and a significant jump in PAT. Revenue is expected to be around ₹4,973.12 crore, reflecting an approximate 19.66% year-on-year increase. Net profit is projected to rise 18% year-on-year. Motilal Oswal anticipates Royal Enfield volumes to have increased by 21% year-on-year in Q3 FY26, driven by strong demand in domestic markets.

Eicher Motors Limited, established in 1982, is a prominent entity within the Indian automotive sector and a global leader in middleweight motorcycles.

Titan

Titan Company Ltd, a leading player in the jewellery, watches, and eyewear segments, is also set to announce its Q3 results. The company, with Rekha Jhunjhunwala holding a significant stake, is expected to showcase a strong performance, driven by robust festive and wedding demand.

Experts predicted a substantial increase in Titan's standalone Q3 revenue, potentially rising by 32% to 34% year-on-year, reaching between ₹21,350 crore and ₹21,570 crore. Net profit is also expected to rise by 35% to 40% year-on-year, potentially reaching between ₹1,325 crore and ₹1,390 crore. Kotak Institutional Equities foresee a ~34% YoY growth in domestic as well as standalone jewelry sales (versus 18.8% YoY standalone domestic recurring jewelry sales growth of 2QFY26), led by 27% LFL growth.

The market is closely watching Titan's performance in the jewellery segment, a key growth driver, while also considering the impact of elevated gold prices on margins.