Q2 Results 2025: The second quarter (Q2) results of FY26 will keep investors busy on Wednesday, October 15, as an array of companies across banking, financial services, IT, manufacturing, and media release their performance updates. Key names include private lender Axis Bank, Indian Railways’ funding arm IRFC, life insurer HDFC Life Insurance, NBFCs L&T Finance and HDB Financial Services, real estate developer Oberoi Realty, and telecom major Tata Communications.
In addition to these, KEI Industries, Mangalore Refinery and Petrochemicals, stockbroker Angel One, concrete maker Nuvoco Vistas Corporation, media conglomerate Network 18 Media & Investments, music label Tips Music, dairy enterprise Heritage Foods, and casino company Delta Corp will also report their September quarter earnings. Other companies reporting include Rossari Biotech, Kewal Kiran Clothing, Hathway Cable and Datacom, and cybersecurity firm Quick Heal Technologies.
Investors are particularly watching financial institutions and NBFCs for insights into credit growth, asset quality, and the impact of interest rate movements. Insurance companies are expected to shed light on premium growth, claim ratios, and investment performance amid a dynamic macroeconomic environment.
Tech Mahindra Q2 Performance Highlights
Ahead of the broader Q2 earnings season, Tech Mahindra reported a 4.44% decline in net profit to ₹1,194.5 crore compared with ₹1,250 crore in the year-ago quarter. However, the post-tax profit was slightly higher than the ₹1,141 crore recorded in Q1 FY26.
- Revenue: ₹13,995 crore, up from ₹13,313 crore in Q2 FY25 and ₹13,351 crore in Q1 FY26.
- Regional Performance: Americas saw a revenue decline of over 2% due to macroeconomic challenges, according to Mohit Joshi, Managing Director and CEO of Tech Mahindra.
This performance sets the tone for the IT sector as investors analyze revenue growth, margin pressures, and demand trends across geographies in the ongoing Q2 reporting season.
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Companies to Watch on October 15
| Sector | Company | Focus Areas |
|---|---|---|
| Banking | Axis Bank | Credit growth, NPA trends, net interest margins |
| Insurance | HDFC Life Insurance | Premium collection, claim ratios, investment income |
| NBFC | L&T Finance, HDB Financial | Loan book growth, asset quality, interest margins |
| Real Estate | Oberoi Realty | Sales bookings, project execution, revenue recognition |
| Telecommunications | Tata Communications | Subscriber growth, revenue, EBITDA |
| Manufacturing | KEI Industries, Nuvoco Vistas, Rossari Biotech | Sales volume, input cost trends, profit margins |
| Energy | Mangalore Refinery and Petrochemicals | Refining margins, production capacity |
| Media & Entertainment | Network 18, Tips Music | Advertising revenue, content monetization |
| Dairy & FMCG | Heritage Foods | Milk collection, product sales, operating margins |
| Gaming & Entertainment | Delta Corp | Casino revenue, tourism and footfall trends |
| Cybersecurity | Quick Heal Technologies | Product sales, enterprise adoption, revenue growth |
Investors are expected to focus on earnings growth, margin pressures, and sector-specific trends to gauge market sentiment.
Outlook for Q2 FY26
The Q2 earnings season will offer insights into how companies are navigating macroeconomic pressures, interest rate trends, and consumption patterns. Financials and NBFCs will be closely watched for credit demand and asset quality updates, while IT and manufacturing companies will provide guidance on revenue growth, global demand, and cost pressures.
Market analysts are advising investors to track revenue growth, operating margins, and sector-specific performance indicators, as these metrics will influence stock movements in the coming months.
Conclusion
October 15 marks a significant day for investors as a diverse set of companies across banking, IT, manufacturing, and media release their Q2 FY26 results. Early insights from Tech Mahindra indicate a mixed performance, highlighting sectoral pressures and regional demand challenges.
Financial institutions like Axis Bank and HDFC Life Insurance are expected to be key market movers, while NBFCs and real estate developers provide updates on credit growth and project execution. Manufacturing and IT companies will shed light on revenue trends, input costs, and global demand conditions.
For retail and institutional investors, analyzing these results will be crucial to understanding market trends, sectoral performance, and growth prospects for the second half of FY26.
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FAQs of Q2 Results 2025
1. Which major banks are reporting Q2 FY26 results on October 15?
Private lender Axis Bank and Indian Railways’ financing arm IRFC are among the key banks releasing their September quarter earnings. Investors will monitor credit growth, net interest margins, and asset quality.
2. What is the performance trend for IT companies like Tech Mahindra?
Tech Mahindra reported a 4.44% decline in net profit for Q2 FY26, with revenues rising to ₹13,995 crore. Regional challenges, particularly in the Americas, contributed to the revenue dip, signaling macroeconomic pressures in the IT sector.
3. Which non-banking financial companies (NBFCs) are releasing Q2 results?
L&T Finance and HDB Financial Services will report their earnings, focusing on loan book growth, asset quality, and interest margins, which are key indicators for investors in the NBFC sector.
4. What other sectors should investors watch during Q2 FY26 earnings?
Manufacturing, media & entertainment, dairy, gaming, and cybersecurity companies such as KEI Industries, Network 18, Heritage Foods, Delta Corp, and Quick Heal Technologies will release results, highlighting sales performance, revenue growth, and sector-specific challenges.
5. Why are Q2 results important for FY26 market outlook?
Q2 earnings provide insights into how companies are navigating macroeconomic challenges, interest rate changes, and consumer demand trends. They help investors evaluate growth prospects, profit margins, and sectoral performance for the remainder of the fiscal year.
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