Swastika Investmart Ltd., a Mumbai-based financial services firm providing stock, currency, and commodity trading alongside depository and advisory services, reported a consolidated net profit of ₹3.27 crores for Q2 FY26, marking a marginal 0.61% decline quarter-on-quarter and a steep 54.77% fall year-on-year. The micro-cap company, with a market capitalisation of ₹145.00 crores, continues to grapple with declining revenues and compressed margins as market volatility and subdued trading activity weigh on its brokerage operations. The stock has responded negatively, trading at ₹69.33 as of January 22, 2026, down 3.10% on the day and languishing near its 52-week low of ₹68.95.

Syngene International Ltd., India's leading contract research and manufacturing services organisation, reported deeply disappointing results for Q3 FY26, with consolidated net profit plunging 88.56% year-on-year to just ₹15.00 crores from ₹131.10 crores in Q3 FY25. The sharp sequential decline of 77.65% from Q2 FY26's ₹67.10 crores has sent shockwaves through the investment community, with the stock trading at ₹588.10 as of January 22, 2026, down 2.12% on the day and nursing a brutal 28.91% decline over the past year.

The December 2025 quarter earnings season has unfolded with a notable improvement in positive results, particularly driven by mid-cap companies. Out of 343 stocks that declared results, 52.0% reported positive outcomes, marking a significant rise from the 42.0% in the previous quarter. While large caps lag behind with only 31.0% positive results, mid and small caps have demonstrated robust earnings momentum, signalling a nuanced market landscape as investors digest sectoral performances and aggregate profit growth.

Go Digit General Insurance Limited posted a net profit of ₹135.60 crores for Q2 FY26, marking a modest decline of 1.97% quarter-on-quarter but a robust 51.58% year-on-year surge. The Pune-based insurer, commanding a market capitalisation of ₹30,030 crores, demonstrated resilience in premium collection with net sales advancing 11.97% sequentially to ₹2,088.21 crores, yet the stock has struggled to maintain momentum, trading at ₹324.20 following a 1.20% uptick on January 22, 2026.

EKI Energy Services Ltd., the carbon credit developer and supplier, reported a consolidated net loss of ₹2.16 crores in Q2 FY26, marking a dramatic reversal from the ₹4.02 crores profit recorded in the same quarter last year. The company's stock has plummeted 60.69% over the past year, currently trading at ₹93.87 with a market capitalisation of ₹271.00 crores, reflecting severe investor concern over its deteriorating financial performance.

Suryoday Small Finance Bank Ltd. reported a net profit of ₹30.41 crores for Q2 FY26, declining 13.80% quarter-on-quarter from ₹35.28 crores in Q1 FY26 and plummeting 33.00% year-on-year from ₹45.39 crores in Q2 FY25. The Mumbai-based small finance bank, with a market capitalisation of ₹1,477 crores, faces mounting pressure from deteriorating asset quality metrics that overshadow modest operational improvements. The stock traded at ₹139.10 on January 22, 2026, reflecting a muted 1.46% single-day gain but remaining under pressure with a 7.91% decline over the past three months.

Adani Total Gas Ltd., India's second-largest city gas distribution company, reported consolidated net profit of ₹163.49 crores for Q3 FY26, marking an 11.91% decline year-on-year despite posting healthy revenue growth of 19.09%. The ₹59,472 crore market capitalisation company witnessed its stock surge 3.85% to ₹548.40 following the results announcement, though the shares remain 31.23% below their 52-week high of ₹797.40, reflecting persistent investor concerns over margin compression and deteriorating profitability metrics.

Gujarat State Petronet Ltd., the natural gas transmission infrastructure leader, reported a consolidated net profit of ₹256.75 crores for Q3 FY26, marking a marginal decline of 1.54% quarter-on-quarter but posting a 9.66% improvement year-on-year. The ₹17,067-crore market capitalisation company witnessed its stock trading at ₹302.85 as of January 22, 2026, reflecting a muted market response to results that revealed persistent margin pressures despite stable operational performance.

Antelopus Selan Energy Ltd., a leading private sector oil and gas exploration and production company, reported a net profit of ₹11.81 crores for Q2 FY26, marking a decline of 41.36% year-on-year from ₹20.14 crores in Q2 FY25. The company's stock, trading at ₹438.50 with a market capitalisation of ₹1,540 crores, has struggled significantly over the past year, declining 43.35% against the Sensex's 7.73% gain. Whilst sequential growth showed modest improvement with profits rising 5.26% from Q1 FY26's ₹11.22 crores, the year-on-year performance reflects the challenging operating environment facing the oil exploration sector.

DLF Ltd., India's largest real estate developer with a market capitalisation of ₹1,53,445 crores, reported a challenging second quarter for FY2026, with consolidated net profit declining 14.55% year-on-year to ₹1,180.09 crores despite a sequential improvement of 54.73% from Q1 FY26. The stock has been under sustained pressure, trading at ₹615.00 as of January 22, 2026, down 30.70% from its 52-week high of ₹887.50 and currently in a bearish technical trend since December 11, 2025.

BlueStone Jewellery & Lifestyle Ltd. delivered a dramatic turnaround in Q3 FY26, swinging to a consolidated net profit of ₹69.08 crores from a loss of ₹51.75 crores in the previous quarter, marking a staggering sequential improvement of 233.49%. The omnichannel jewellery retailer, with a market capitalisation of ₹6,766 crores, posted net sales of ₹748.65 crores for the October-December quarter, representing robust growth of 45.76% quarter-on-quarter and 27.52% year-on-year. However, the stock remains under pressure, trading at ₹472.30 as of January 22, 2026, down 33.41% over the past three months despite an 11.38% surge in the latest trading session.

Le Travenues Technology Limited, the travel technology company operating the ixigo platform, delivered a mixed performance in Q3 FY26, with consolidated net profit surging to ₹24.26 crores—a remarkable recovery from the ₹3.18 crores loss in the previous quarter. However, the quarter-on-quarter growth figure of -862.89% reflects the volatility stemming from the prior quarter's anomaly. On a year-on-year basis, the company posted a healthier 56.31% profit growth, whilst revenue climbed 31.35% to ₹317.56 crores, marking the highest quarterly sales in the company's history.

Krystal Integrated Services Ltd., a micro-cap diversified commercial services provider with a market capitalisation of ₹849.00 crores, reported mixed quarterly results for Q2 FY26, with consolidated net profit declining 19.91% sequentially to ₹9.21 crores despite modest year-on-year revenue growth. The company's stock, trading at ₹601.05 on January 22, 2026, has declined 5.79% over the past year, significantly underperforming the Sensex's 7.73% gain during the same period.

Home First Finance Company India Limited, a small-cap housing finance company with a market capitalisation of ₹10,887 crores, reported robust financial performance for Q3 FY26 (October-December 2025), with net profit climbing to ₹140.20 crores—a sequential increase of 6.33% and an impressive year-on-year surge of 43.99%. The stock, currently trading at ₹1,049.60, has gained 0.86% following the results announcement, though it remains under pressure with a 16.26% decline over the past three months.

Bandhan Bank Ltd., one of India's prominent microfinance-turned-universal banks, reported a net profit of ₹205.59 crores for Q3 FY26 (Oct-Dec'25), marking an 83.78% sequential recovery from the previous quarter's ₹111.87 crores. However, the year-on-year comparison reveals a more sobering reality, with profits plunging 51.79% from ₹426.49 crores in Q3 FY25. The Kolkata-headquartered lender, commanding a market capitalisation of ₹22,546 crores, continues to navigate challenging terrain as asset quality concerns and margin pressures weigh on its performance despite some green shoots emerging in the latest quarter.

Nexome Capital Markets Ltd., a micro-cap non-banking financial company with a market capitalisation of ₹50.00 crores, reported a challenging Q2 FY26 performance, with net profit declining 21.26% quarter-on-quarter to ₹1.00 crore despite a 300.00% year-on-year surge. The stock, currently trading at ₹83.50, has plunged 50.28% from its 52-week high of ₹167.95, reflecting investor concerns over the company's erratic operational performance and mounting pressure on core business profitability.

Mphasis Ltd., a mid-cap IT services provider specialising in cloud and cognitive solutions, reported consolidated net profit of ₹469.07 crores for Q3 FY26 (October-December 2025), marking a sequential increase of 6.20% from Q2 FY26's ₹441.70 crores and a year-on-year growth of 10.80% compared to ₹423.33 crores in Q3 FY25. The Bengaluru-headquartered firm, with a market capitalisation of ₹54,673 crores, continues to demonstrate resilient top-line momentum whilst navigating margin headwinds and a significant shift in shareholding structure.

Cyient Ltd., the Hyderabad-based engineering and technology solutions provider with a market capitalisation of ₹12,556 crores, reported a consolidated net profit of ₹127.50 crores for Q2 FY26, marking a sharp decline of 17.10% quarter-on-quarter and 28.81% year-on-year. The results underscore mounting operational challenges as the company grapples with margin compression and tepid revenue growth in an increasingly competitive IT services landscape.

InterGlobe Aviation Ltd., India's largest airline operating under the IndiGo brand, posted a consolidated net profit of ₹549.80 crores for Q3 FY26 (Oct-Dec'25), representing a dramatic reversal from the ₹2,581.70 crores loss recorded in the previous quarter. However, the year-on-year comparison reveals concerning weakness, with profits plunging 77.55% from ₹2,448.80 crores in Q3 FY25, raising questions about the sustainability of the carrier's profitability amidst rising operational pressures.