Q3 Results impact: PNB Housing Finance, Tata Communications shares tumble up to 8%; Bank of India hits 8-year high

Q3 Results impact: PNB Housing Finance, Tata Communications shares tumble up to 8%; Bank of India hits 8-year high

• PNB Housing Finance shares drop 8% after mixed Q3 results and profit fall
• Bank of India shares hit multi-year high after 7 percent YoY profit rise in Q3
• Tata Communications shares fell 3% despite 55% YoY profit growth.

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The shares of PNB Housing Finance tumbled 8 percent on January 22 after the company released its results for the third quarter of the financial year 2026. Tata Communications shares also dropped, while Bank of India shares hit a multi-year high.

The companies had released their results earlier yesterday.

PNB Housing Finance Q3 Results:

PNB Housing Finance shares declined around 8 percent to trade at Rs 860 apiece.

PNB Housing Finance reported a standalone net profit of Rs 520.96 crore for the October-December quarter of the ongoing financial year 2026. This marks a 10.5 percent year-on-year (YoY) jump from the Rs 471.43 crore net profit reported in the corresponding quarter of the previous financial year. However, the net profit fell around 17 percent sequentially from the Rs 626.49 crore reported in Q2 FY26.

The firm’s revenue from operations meanwhile gained around 10 percent YoY to Rs 2,109.57 crore in Q3 FY26, from Rs 1,922.76 crore in Q3 FY25. Revenue too however declined around 3 percent sequentially from Rs 2,167.91 crore in Q2 FY26.

JM Financial said that PNB Housing Finance reported an overall mixed quarter with PAT missing its estimate. This was primarily driven by weak disbursment/AUM growth and elevated opex levels, the domestic brokerage said.

“On an overall level however asset quality trends were positive, with stable GS3/NS3 at 1.04%/0.68% respectively. Credit costs continued to be negative and stood at -0.19% (vs. -0.55% in 2Q), in-line with management guidance,” JM Financial added, while holding its ‘Buy’ call on the stock with a target price of Rs 1,180 apiece, implying an upside potential of nearly 27 percent from the stock’s previous closing price.

Motilal Oswal meanwhile said that PNB Housing Finance’s earnings miss estimates due to high open, with net interest margin declining by approximately 4 basis points sequentially. “The company reported a mixed operating performance in 3QFY26, with earnings supported by higher provision write-backs, partly offset by elevated operating expenses and weaker noninterest income,” it said.

Bank of India Q3 Results:

Bank of India shares gained nearly 7 percent to trade at Rs 168.4 apiece, the highest level seen by the stock since January 2018.

Bank of India (BOI) reported a standalone net profit of Rs 2,704.67 crore for Q3 FY26, marking a 7 percent YoY rise from Rs 2,516.69 crore in Q3 FY25. The lender’s net interest income meanwhile grew more than 6 percent YoY to Rs 6,460.69 crore during the quarter under review.

Asset quality improved, with gross NPA ratio and net NPA ratio reducing to 2.26 percent and 0.60 percent respectively. Return on Assets (RoA) remained flat on an YoY basis at 0.96 percent.

Net profit margin improved to 12.75 percent in Q3 FY26, from 12.61 percent in Q3 FY25.

Tata Communications Q3 Results:

Tata Communications shares fell nearly 3 percent to trade at Rs 1,570 apiece.

Tata Communications reported a consolidated net profit of Rs 365.28 crore for Q3 FY26, marking a 55 percent YoY increase from Rs 235.96 crore net profit reported in Q3 FY25. The firm’s revenue from operations meanwhile rose around 7 percent YoY to Rs 6,188.97 crore.

Motilal Oswal said that the firm reported a steady Q3, albeit slightly weaker that its expectations. The domestic brokerage said that the firm’s 9 percent YoY data revenue growth was driven by a recovery in core connectivity and sustained growth in the digital portfolio. The order book remains strong with healthy double-digit growth YoY (and QoQ), driven by large deal wins in core connectivity. The funnel remains robust with digital portfolio contribution at approximately 70 percent, it added.

Motilal reiterated its ‘Neutral’ rating on the stock, with a target price of Rs 1,790 apiece, which implies an upside potential of nearly 11 percent from the stock’s previous closing price.

JM Financial meanwhile said that the company’s consolidated revenue was largely in-line with its estimate. The domestic brokerage maintained its ‘Buy’ rating on the stock, with a target price of Rs 2,250 apiece, implying an upside potential of more than 39 percent from the stock’s previous closing price.

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