The third quarter earnings season is underway and about 134 companies will announce their results on Thursday. Key results to watch out for include Nestle India, IndusInd Bank, Sun Pharma, ONGC, Vedanta and Marico.Apart from the above, companies like The Anup Engineering, ACE Edutrend, Bandhan Bank, BMW Industries, City Union Bank, Equitas SFB, Godrej Agrovet, Hybrid Financial Services, Inox Green Energy, Pfizer and a few others will also declare their quarter results.Nestle Q3 expectationsFMCG major Nestle India is likely to see muted revenue and profit numbers in the third quarter as the growth continues to be impacted by muted consumer demand and elevated commodity prices.Revenue from operations are likely to improve 4% year-on-year (YoY), according to an average estimate of four brokerages, while profit after tax (PAT) is seen rising by a marginal 1% YoY.The revenue growth will be driven by a minor bump in volumes and price hikes. The company has implemented a price hike in response to rising commodity prices.Analysts reckon that EBITDA shall inch down 3% YoY owing to high base, sharp inflation in coffee and palm oil and lack of operating leverage.Slower loan growth, coupled with elevated slippages, could keep third quarter earnings in check for IndusInd Bank. Analysts point to a disappointing show on almost all the metrics.The net interest income (NII) during the third quarter is likely to rise by a marginal 1% year-on-year (YoY), according to an average estimate of six brokerages. This along with higher provisions could drag the PAT down significantly by 40% YoY.The microfinance portfolio of IndusInd Bank has been under pressure with rising slippages, leading to a likely sharp uptick in the provisions during the December quarter.Analysts say the business growth of loans and deposits will also remain moderate in the reporting period.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)