Earnings Season Kicks Off Amid Geopolitical Storms: TCS, DMart Lead Movers
Overview
Indian markets brace for a flat open on January 12, 2026, with major firms like TCS and HCL Tech set to report Q3FY26 earnings. Avenue Supermarts (DMart) posted an 18.3% profit rise. Geopolitical tensions and US trade tariffs loom, impacting investor sentiment. IREDA also reported strong Q3 results, while Vedanta's restructuring plan got NCLT approval.
Stocks Mentioned
Indian equity benchmarks are poised for a muted opening on Monday, January 12, 2026, as geopolitical tensions and persistent U.S. trade tariff concerns weigh on sentiment. Gift Nifty futures traded down 0.07% ahead of the session.
Asian markets showed gains, tracking a positive Wall Street session fueled by U.S. jobs data. The unemployment rate fell to 4.4% on Friday, though job additions missed expectations. Investors are also closely monitoring escalating protests in Iran, which are impacting oil prices.
Earnings Under Scrutiny
Several blue-chip companies are set to announce their December quarter earnings today. Tata Consultancy Services (TCS) and HCL Technologies will be closely watched for their performance. Other firms releasing results include Anand Rathi Wealth, Infibeam Avenues, and Gujarat Hotels, among others.
Avenue Supermarts (DMart) Posts Growth
Avenue Supermarts, the operator of DMart stores, reported a robust 18.3% year-on-year increase in consolidated net profit to ₹856 crore for Q3FY26. Consolidated revenue climbed 13.3% to ₹18,100.88 crore. The company also appointed Anshul Asawa as its new chief executive officer.
IREDA Shows Strong Profit Jump
Indian Renewable Energy Development Agency (IREDA) announced a 15.4% year-on-year rise in its consolidated net profit, reaching ₹1,381.36 crore in Q3FY26. Revenue from operations saw a significant jump of 28.2%, totaling ₹6,041.82 crore.
Vedanta Restructuring Gets NCLT Nod
The National Company Law Tribunal (NCLT), Mumbai bench, has approved a crucial Scheme of Arrangement for Vedanta's subsidiaries. This plan facilitates the restructuring of its diverse business segments, including aluminium, power, and metals, into distinct entities.
Corporate Governance and Other Movers
ICICI Lombard General Insurance flagged a corporate governance lapse after unaudited quarterly results briefly appeared on a senior employee's personal WhatsApp status. Separately, NTPC signed a shareholder agreement for the acquisition of Sinnar Thermal Power. Lemon Tree Hotels confirmed Warburg Pincus's investment of ₹960 crore and acquisition of a significant stake in its subsidiary. Aurobindo Pharma's subsidiary received Health Canada approval for a biosimilar drug, while Spandana Sphoorty Financial is evaluating a subsidiary merger. Akzo Nobel India appointed Parth Jindal as its new chairman.
