Source: NDTV Profit
The Indian equity markets are bracing for a high-octane Tuesday as the Q3 earnings season hits full throttle. Following a stellar rebound on Monday, where the Nifty 50 reclaimed the psychological 25,000 mark, investors are now pivoting their focus toward corporate balance sheets.
Today, February 3, 2026, nearly 100 companies are slated to post their financial performance for the quarter ended December 31, 2025. With heavyweights like Adani Enterprises, Bajaj Finance, and Pidilite on the roster, the day is set to be a litmus test for market sentiment.
The Heavy Hitters: What to Watch
Analysts suggest that while the broader market momentum remains “constructive,” stock-specific volatility will be the name of the game today. Here is a breakdown of what the street expects from the market leaders:
Bajaj Finance: Eyeing AUM Growth
The non-banking financial giant is expected to show resilience. Motilal Oswal forecasts a robust 22% year-on-year (YoY) growth in Assets Under Management (AUM). However, the focus will likely remain on their margins; experts predict a slight 5bp contraction in Net Interest Margins (NIM). Investors should keep a close watch on management’s commentary regarding credit costs.
Adani Group: Infrastructure & Energy in Focus
Both Adani Enterprises and Adani Ports (APSEZ) are scheduled to report. As the backbone of the group’s diversified interests, their results often dictate the movement of the entire Adani pack. Market participants are looking for updates on capital expenditure and volume growth across their port operations.
Varun Beverages: Scaling International Heights
The bottling major is anticipated to report a 7% jump in net sales. While domestic demand remains a pillar, all eyes are on their international volumes, which are expected to grow in the high single digits. Despite some pressure on gross margins, EBITDA margins are expected to hold steady around 16%.
Pidilite Industries: Sticking to Growth
The Fevicol maker is expected to maintain its double-digit growth streak. Analysts are modelling a 12% revenue growth, bolstered by softening raw material prices (VAM and crude oil), which could push gross margins up to 55%.
Market Momentum: A Brief Reset
The timing of these results is crucial. On Monday, the Sensex soared over 940 points to close at 81,666.46, fueled by a broad-based recovery. As Siddhartha Khemka of Motilal Oswal points out, while global cues remain a factor, “earnings-related developments will continue to guide stock-specific moves” in the near term.
Complete List of Companies Reporting Today (Feb 3)
Beyond the blue chips, several mid-cap and small-cap players across pharma, chemicals, and retail will disclose their numbers.
| Rank | Company Name | Stock |
| 1 | Bajaj Finance | BAJFINANCE |
| 2 | Adani Ports & SEZ | ADANIPORTS |
| 3 | Adani Enterprises | ADANIENT |
| 4 | Varun Beverages | VARUNBEV |
| 5 | Pidilite Industries | PIDILITIND |
| 6 | Solar Industries India | SOLARINDS |
| 7 | Aditya Birla Capital | ABCAPITAL |
| 8 | Mankind Pharma | MANKIND |
| 9 | NMDC | NMDC |
| 10 | Kansai Nerolac | KANSAINER |
Investor Takeaway
With 100+ results hitting the wires, the “sell on news” vs. “buy the dip” debate will be active across trading desks. For long-term investors, the key will be to look past quarterly noise to see which companies are managing inflation and credit costs effectively.
