Final Week of Q2 Earnings Season Brings Major Corporate Results
The second quarter earnings season for fiscal year 2025-26 reaches its climax this week with approximately 2,500 companies scheduled to announce their financial performance. This crucial period will see several marquee names from various sectors revealing their September quarter results, providing significant insights into India's corporate health.
Among the prominent companies set to declare their earnings are Vodafone Idea, Oil and Natural Gas Corporation (ONGC), SJVN, Rail Vikas Nigam, Bharat Forge, Hindustan Aeronautics, IRCTC, Hero Motocorp, and Tata Motors Passenger Vehicles. The results declaration is spread across the week from November 10 to November 14, 2025.
Vodafone Idea Q2 Performance Preview
According to projections from brokerage firm JM Financial, Vodafone Idea is expected to report a net loss of ₹6,823.5 crore for the quarter ended September 2025. While this represents a challenging financial position, it shows improvement compared to the same period last year when the company reported a loss of ₹7,175.9 crore.
The telecom operator's revenue picture appears more positive, with Q2FY26 revenue projected to increase by 1.7% year-on-year to ₹11,115 crore from ₹10,932.2 crore. Sequentially, revenue is expected to rise 0.8% from ₹11,022.5 crore in the preceding quarter, indicating gradual recovery.
ONGC Quarterly Results Expectations
Oil and Natural Gas Corporation (ONGC) faces mixed projections for the September quarter. JM Financial anticipates the company's EBITDA to decline by 2% quarter-to-quarter primarily due to higher operational expenses in Q2 FY26.
However, the energy giant may witness positive developments including higher crude and gas realization and improved crude stakes volume compared to the previous quarter. Despite the expected quarterly EBITDA dip, the brokerage has maintained its 'buy' rating on ONGC stock with a revised target price of ₹285.
Weekly Results Calendar: Key Companies to Watch
November 10: The week begins with significant declarations from Vodafone Idea Ltd., Oil And Natural Gas Corporation Ltd., SJVN Ltd., along with Bajaj Finance Ltd., Emami Ltd., and Sun Pharma Advanced Research Company Ltd.
November 11: Tuesday features Bharat Forge Ltd., Biocon Ltd., Bosch Ltd., Container Corporation Of India Ltd., Fortis Healthcare Ltd., and Rail Vikas Nigam Ltd. among others.
November 12: Mid-week brings results from Asian Paints Ltd., Ashok Leyland Ltd., Cochin Shipyard Ltd., Hindustan Aeronautics Ltd., IRCTC, and Tata Steel Ltd.
November 13: Thursday includes Bharat Dynamics Ltd., Hero MotoCorp Ltd., and Titagarh Rail Systems Ltd.
November 14: The earnings week concludes with declarations from Exide Industries Ltd., Glenmark Pharmaceuticals Ltd., Marico Ltd., Oil India Ltd., and Tata Motors Passenger Vehicles Ltd.
This extensive results declaration period is crucial for investors and market analysts as it provides comprehensive insights into sectoral performance and overall economic trends. The outcomes will likely influence market sentiment and investment decisions in the coming weeks.
