Archive · 21 Jan 2026
Mixed Q3 Results for Indian Companies
Several Indian companies have reported their financial results for the third quarter of the fiscal year 2026.
Rallis India saw a big drop in profit due to extra costs for employee benefits, but their sales went up.
Persistent Systems had a small drop in share price, but some experts think it's a good time to buy their stock because of their focus on artificial intelligence.
Mastek had a good quarter with higher profits and stable revenue.
KPI Green Energy did very well, with both profits and sales going up a lot.
Overall, these results show that different companies are facing different challenges and opportunities in the market.
Rallis India's Q3 profit dropped 81% due to an exceptional item related to gratuity provisions, while revenue grew 19%.
Persistent Systems' share price fell 3%, but brokerages have differing opinions on its future, with Motilal Oswal recommending a 'Buy' and Nomura maintaining a 'Neutral' rating.
Mastek reported a 14.4% year-on-year increase in Q3 profit, with revenue up 4.2% year-on-year but slightly down sequentially.
KPI Green Energy saw a 47.6% year-on-year increase in Q3 profit, with revenue up 44.6% year-on-year, driven by strong project execution.
Indian IT services face structural challenges due to new labor codes and AI disruption, impacting hiring and profitability.
- Who
- Rallis India, Persistent Systems, Mastek, KPI Green Energy
- What
- Reported mixed Q3 results with varying profit and revenue changes
- When
- December quarter (Q3FY26)
- Where
- India
- Why
- Varying factors including exceptional items, market conditions, and operational efficiencies
- Rallis India Q3 Profit
- ₹2 crore (down 81% from last quarter)
- Rallis India Q3 Revenue
- ₹623 crore (up 19% from last quarter)
- Rallis India Q3 EBITDA
- ₹58 crore (up 29% from last year)
- Persistent Systems Q3 Revenue Growth
- Above expectations, led by banking and healthcare segments
- Persistent Systems Q3 EBIT Margin
- 16.7% (up 40 basis points quarter-on-quarter)
- Mastek Q3 Profit
- ₹108.4 crore (up 14.4% year-on-year)
- Mastek Q3 Revenue
- ₹905.7 crore (up 4.2% year-on-year)
- KPI Green Energy Q3 Profit
- ₹125.8 crore (up 47.6% year-on-year)
- KPI Green Energy Q3 Revenue
- ₹662.9 crore (up 44.6% year-on-year)
Sources
Persistent Systems profit down 6.8%, labour code, wage hike impacts margin
Rallis India Q3 profit slumps 81% on exceptional item, revenue grows 19%
LTIMindtree, Persistent lead mid-cap revenue as regulatory costs hit bottom lines in Q3
Early Q3 earnings show costs overtaking revenues, flipping the profit cycle
After recovery optimism, early Q3 results point to headwinds
Persistent Systems Q3 earnings: Nuvama justifies high stock valuation, says this
Persistent Systems share price crashes 5% after Q3 results; should you buy, sell, or hold?
Persistent Systems falls 3%: Does AI-led margin beat offer a ‘Buy on Dip’ chance?
KPI Green Energy Profit Rises 48% To ₹126 Crore In Q3 FY26 As Revenue Touches ₹676 Crore
Mastek Q3 FY26 Profit Rises 14% YoY To ₹108 Crore Despite Sequential Revenue Dip
Indian IT Services Face Structural Crisis As Labour Codes & AI Disrupt Growth Model
