Abhishek Sinha
The September quarter (Q2 FY26) earnings season is gaining momentum, with over 200 listed companies scheduled to announce their financial results in the upcoming week. Major market players including Reliance Industries (RIL), Infosys, HDFC Bank, Wipro, Tech Mahindra, IRFC, HCL Tech, Nestle India, and IREDA are among the top firms in focus.
Last week, Tata Consultancy Services (TCS) kicked off the earnings season, posting a 1.4% year-on-year increase in net profit to ₹12,075 crore for the quarter ended September 30, 2025.
Market Outlook
According to market experts, Q2 earnings are expected to be moderate, with subdued performance likely in financials, IT, and pharma sectors. However, analysts project a strong recovery in H2 FY26, led by robust domestic demand and signs of a rebound in the global economy.
Vinod Nair, Head of Research at Geojit Financial Services, noted:
“Despite muted near-term earnings expectations, IT stocks have seen renewed interest due to attractive valuations and improving macro conditions, especially in the U.S. market.”
Key Companies Announcing Q2 Results
Here’s a list of major companies releasing their earnings from October 13 to October 18, 2025:
October 13
- HCL Technologies Ltd.
- Just Dial Ltd.
- Anand Rathi Wealth Ltd.
- Teamo Productions HQ Ltd.
- Gujarat Hotels Ltd.
October 14
- ICICI Lombard General Insurance Co. Ltd.
- ICICI Prudential Life Insurance Co. Ltd.
- Bank of Maharashtra
- Persistent Systems Ltd.
- Tech Mahindra Ltd.
- IREDA Ltd.
October 15
- Axis Bank Ltd.
- HDFC Life Insurance Co. Ltd.
- HDFC Asset Management Co. Ltd.
- KEI Industries Ltd.
- L&T Finance Ltd.
- IRFC Ltd.
- Network18 Media & Investments Ltd.
- Oberoi Realty Ltd.
October 16
- Infosys Ltd.
- Jio Financial Services Ltd.
- LTIMindtree Ltd.
- Nestle India Ltd.
- Wipro Ltd.
- CIE Automotive India Ltd.
- Zee Entertainment Enterprises Ltd.
October 17
- Reliance Industries Ltd.
- Havells India Ltd.
- JSW Steel Ltd.
- AU Small Finance Bank Ltd.
- Polycab India Ltd.
- Dalmia Bharat Ltd.
- CRISIL Ltd.
- L&T Technology Services Ltd.
October 18
- HDFC Bank Ltd.
- ICICI Bank Ltd.
- IDFC First Bank Ltd.
- Yes Bank Ltd.
- Federal Bank Ltd.
- IndusInd Bank Ltd.
- UltraTech Cement Ltd.
- UTI Asset Management Co. Ltd.
Analyst View
Market watchers expect IT and banking majors to set the tone for this earnings season. With improving credit growth, resilient deposit trends, and a steady decline in NPAs, private banks like HDFC Bank, ICICI Bank, and Axis Bank are likely to post stable results.
Meanwhile, IT companies such as Infosys, Wipro, and Tech Mahindra are expected to report muted revenue growth but strong order pipelines, supported by renewed demand for AI, automation, and digital transformation services.
Summary
As corporate India begins reporting Q2 FY26 results, all eyes will be on blue-chip companies like RIL, Infosys, and HDFC Bank, which could provide crucial cues for market direction ahead of the festive quarter.
Disclaimer: This article is for informational purposes only. Market views and projections mentioned above are based on analysts’ opinions and public data. Investors are advised to conduct their own due diligence before making investment decisions.
