Q3 Results impact: Bajaj Housing Finance shares surge 6%; Mobikwik, Ather Energy rally up to 19%

Q3 Results impact

• Bajaj Housing Finance Q3 profit up 21 percent YoY; shares hit 1-month high
• Mobikwik posts Rs 4 crore profit in Q3, shares surge 19 percent
• Ather Energy narrows Q3 loss, revenue up 50 percent; shares jump 13 percent

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Bajaj Housing Finance, Mobikwik and Ather Energy shares jumped in trade on February 3 after the three companies released their results for the October-December quarter of the financial year 2026.

This comes as markets overall remained strong after India and US concluded their much-awaited trade deal.

Bajaj Housing Finance Q3 Results:

The shares of the Bajaj Group-company jumped nearly 6 percent to Rs 94.77 apiece, before paring some gains. This is the highest level seen by the stock in nearly a month.

Bajaj Housing Finance on February 2 reported a net profit of Rs 664.89 crore for the third quarter of FY26. This marks a 21 percent year-on-year (YoY) rise from the Rs 548.02 crore net profit reported in the corresponding quarter of the previous financial year.

The non-banking financial institution’s net interest income meanwhile rose 19 percent YoY to Rs 963 crore in Q3 FY26 from Rs 806 crore in Q3 FY25. Its gross non-performing asset margin stood at 0.27 percent and net NPA margin at 0.11 percent as of December 31, 2025, shrinking from 0.29 percent and 0.13 percent, respectively, a year earlier.

Motilal Oswal kept a ‘Neutral’ rating with a target price of Rs 100 apiece for Bajaj Housing Finance. This implies an upside potential of 11.5 percent from the stock’s previous closing price. The domestic brokerage noted that the management highlighted that pricing pressure in the prime and super-prime segments remains high, which may continue going forward. In the near prime and affordable segments, while pricing pressure is relatively lower, the number of players looking to enter and expand in these segments remains high.

“We continue to believe in management’s ability to improve profitability, supported by a healthy AUM CAGR of 23% over FY25-28E, broadly steady NIMs, and benign credit costs. We expect BHFL to deliver strong AUM growth, but rising competition from PSU banks and higher BT-OUTs may push BHFL to cut its lending rates, which could exert pressure on NTI,” it added.

Mobikwik Q3 Results:

Mobikwik swinged to black, posting a consolidated net profit of Rs 4 crore for the October-December quarter of the financial year 2026. This comes against a net loss of Rs 55.28 crore for the corresponding quarter of the previous financial year.

The firm’s revenue from operations meanwhile rose more than 7 percent to Rs 288.95 crore in Q3 FY26, from Rs 269.48 crore for Q3 FY25.

Mobikwik shares jumped 19 percent to trade at Rs 235.90 apiece on Tuesday.

Ather Energy Q3 Results:

Ather Energy shares jumped nearly 13 percent to trade at Rs 684.85 apiece. This comes after the electric two-wheeler maker posted a net loss of Rs 84.6 crore for the quarter, down 57% from Rs 197.5 crore in the same period last year. Losses also narrowed sequentially from Rs 154.1 crore in the September quarter, reflecting improving operating leverage.

Revenue from operations rose 50 percent year-on-year to Rs 953.6 crore, compared with Rs 634.9 crore a year earlier, driven by higher electric scooter deliveries and better realisations. Including other income, total income stood at Rs 995.7 crore for the quarter.

Nomura kept a 'Buy' call on the stock, and raised its target price for the stock to Rs 812 from Rs 790 earlier. The international brokerage said that the company's potential medium-term growth prospects were the "highest within our coverage universe".

Emkay Global kept an 'Add' call on the stock, and raised its target price to Rs 1,000 from earlier Rs 925.

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