Q3 FY26 Earnings Kick Off with Reliance Industries, Wipro Today

On January 16th, approximately 30 Companies including Reliance Industries, Wipro, Tata Technologies, Tech Mahindra, L&T Finance, Poonawalla Fincorp and JSW Infrastructure, will be releasing their Q3 FY26 Results, starting the earnings season with analysts looking to measure potential growth related to September 2025 GST reductions as well as tracking and analysing the impact of Geopolitical influences on companies that operate outside of India.
Reliance Industries expects Consolidated Revenue for Q3 FY26 to grow approximately 8% over the previous year and expects a profit after tax to grow by approximately 7% year over year. Consolidated EBITDA is expected to grow about 9% year over year and will also see some slight sequential growth. 

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Reliance Industries Preview Details

Reliance Industries will also be providing data for O2C EBITDA, which is expected to show Year Over Year Growth of approximately 15% and Quarter Over Quarter of approximately 10%, due to the increase in refined product margin. Digital EBITDA is also expected to increase year over year by 16.5% and Q2 vs Q1 of this year will increase slightly by 2.7%.
This indicates that these two groups are strong in their respective segments even amidst changing economic conditions.

Wipro Results Expectations

Wipro has a projected revenue growth of 2% quarter-on-quarter, driven by the stability of our European business as well as the acquisition of Harman. EBIT margins are expected to improve by 28-basis points on a quarterly basis through effectively managing costs and integrating both businesses.

Major focus areas are our pipeline of deals, how Europe is performing, and progress made from our acquisitions.

Broader Earnings Context

To understand Wipro's broader earnings picture, you must look at Tata Technologies and Tech Mahindra which are among the major names highlighted in the marketplace, along with several financial companies. The results will likely provide an indication of how GST cuts are impacting consumption and operations, and geopolitical tensions are creating challenges to assessing companies' resilience to global exposure.