Mixed Q3 Earnings: Angel One Profit Falls 4%, HDFC Life Shows Muted Growth, Major Corporate Developments
Published on: Jan. 16, 2026, 6:57 a.m. | Source: scanx.trade
Third-quarter earnings revealed mixed corporate performance with Angel One reporting 4% profit decline to ₹269 crore while announcing ₹23 interim dividend and 1:10 stock split. HDFC Life showed muted 1% growth to ₹421 crore, Jio Financial faced 9% profit drop despite revenue doubling, while HDB Financial posted strong 36% growth. Technology sector struggled with Infosys and L&T Tech reporting profit declines. Major corporate developments included Indian Hotels' ₹225 crore acquisition, Cochin Shipyard's vessel delivery, L&T's large infrastructure order win, and NTPC's solar project commissioning.
