Earnings News — Quarterly Results
Track quarterly earnings announcements, revenue surprises, profit misses, and management guidance from companies listed on NSE and BSE. Earnings season is when stock narratives get tested against real numbers, and this section keeps you on top of who is beating estimates, who is disappointing, and what the forward outlook looks like. Whether you hold these stocks or are looking for entry opportunities, earnings news is where fundamental investing decisions get made.
Annual pass takes a toll, transactions dip 5.2% in H1
Government data shows toll volume fell 5.2% to 2.13 billion in April-September from 2.25 billion in the year-ago period. Toll revenue rose 6.27% to Rs 42,971.82 crore from Rs 40,433.53 crore in the same period of 2025-26, a much slower pace of growth than in previous years.
Tata Steel Q2 Business Update: India Production Rises 10%, Deliveries Up 8% — Check Segment-wise Breakdown
The steelmaker's India production volume rose 10% year-on-year to 6.21 million tonnes during the quarter. India deliveries also increased 8% from a year earlier to 5.97 million tonnes.
NCLT approved 107 resolution plans worth Rs 11,000 crore in Q2
The National Company Law Tribunal has set a new benchmark by approving 107 Resolution Plans in the second quarter of FY 2026–27, a remarkable rise from 60 approved plans in the corresponding quarter of the previous year. Over the first half of the financial year, a total of 185 plans were sanctioned. To date, the Tribunal has approved 1,735 Resolution Plans since its beginning until the end of September 2026.
PC Jeweller Q2 Update: Revenue Growth At 28%; Turns Debt-Free
The company received around Rs 142 crore during the quarter from its outstanding export receivables.
Jubilant Foodworks Q2 Business Update: Revenue Grows In Double Digits, Domino's India Adds 88 Stores
Domino's India reported 4.1% like-for-like (LFL) growth from the same quarter previous year.
TCS Q2 Preview: Profit May Rise 3.3% Amid Modest Revenue Growth, Margin Expansion. Here's What To Expect
TCS will announce Q2FY27 results on October 8, with revenue expected to rise slightly to Rs 73,152crore and EBIT margin to 24.33%.
Metal stocks to buy ahead of Q2 results: Nuvama picks Coal India, Tata Steel; Jindal Steel an underperformer |Here’s why
Metal stocks show mixed Q2 FY27 performance expectations. Coal India and Tata Steel are favored, while Jindal Steel may underperform. EBITDA per tonne for steel companies is projected to decline due to higher costs and lower realizations. Coal India expected to see 22% YoY EBITDA growth.
Dabur India’s Q2 growth is not inspiring. Will margin surprise lift investor confidence?
Dabur needs to demonstrate a pickup in volume growth or an improvement in profitability—factors that can act as a significant trigger for the stock.
Trent’s Rs 1.80 lakh crore rout from peak: Has Q2 just flipped the script for Tata group’s retail crown jewel?
In Q2FY27, Trent demonstrated impressive financial performance, achieving a remarkable 23% increase in revenue compared to the previous year. This achievement is particularly noteworthy given the challenges other retailers faced during the festive period. With continued expansion in store locations for both Zudio and Westside, analysts are split on future prospects, balancing optimism for recovery against caution as the market awaits consistent revenue growth.
Penny stock under ₹10 hits 5% upper circuit after this fundraising update | Do you own?
Elitecon International shares reached its 5% upper circuit on October 7 after announcing a board meeting for October 12 to discuss a fundraising proposal. The company recorded substantial growth in FY26, with net profit increasing to ₹185.06 crore and revenue surging to ₹5,074.80 crore.
EIA raises oil price forecasts as Iran war tightens global markets
The EIA raised its oil price forecasts, citing tight global inventories, limited diesel supplies and ongoing Middle East supply risks. Brent crude is expected to average $105 per barrel in Q4 2026 and $84 in 2027. Recovering Gulf exports and record U.S. production may ease supply pressures next year, though geopolitical risks remain.
IT Q2 Results Preview: A Quiet Quarter Ahead; TCS Among IDBI Capital's Preferred Large-Cap Picks
Mid-tier IT companies are expected to outgrow their larger peers, although the brokerage cautioned that acquisitions are boosting headline growth at some companies, making the quality and sustainability of growth an important factor to watch.
Insurance Q2 Results Preview: PL Capital Sees Healthy Growth; Max Financial Remains Top Pick
PL Capital also noted that insurance valuations have corrected significantly amid the prevailing regulatory overhang.
Satin Creditcare Network shares gain 4% after Q2 business update; AUM rises 31% YoY
Satin Creditcare Network shares gained 3.74% after strong Q2FY27 business updates. Consolidated AUM rose 31% year-on-year to Rs 16,600 crore, while disbursements increased 41%. Asset quality improved, with GNPA falling to 1.9%. Borrowing costs declined, collections remained strong, and the company expanded its borrower base, branches and workforce during the quarter.
Kanohar Electricals shares jump 15% after Q1 results | Check order book, FY27 outlook
Kanohar Electricals shares surged over 15% on October 7 after strong Q1 FY27 results announced the previous day. Revenue more than doubled to ₹137 crore, with significant EBITDA and profit increases. The company anticipates continued growth through new orders and investments in capacity expansion.
TCS Q2 Results Preview: Can the IT bellwether show enough growth to calm investors?
Tata Consultancy Services is scheduled to release its second-quarter results on October 8, with analysts predicting a year-on-year revenue growth of roughly 13%. However, the sequential growth might be modest at around 0.5%-0.6%. Investors will also be looking for updates on new contracts and collaborations with firms like Porsche and BSNL, as market sentiment stays cautious amid ongoing IT sector challenges.
Utkarsh Small Finance Bank shares rally 7% after Q2 disbursements jump 55% YoY, deposits rise 7%
Utkarsh Small Finance Bank reported a 55% year-on-year rise in Q2 FY27 disbursements to Rs 3,525 crore, driven by strong non-JLG loan growth. Deposits increased 7%, while CASA deposits rose 14%. The bank’s CASA ratio improved to 21.5%, indicating stronger low-cost deposit mobilisation despite overall funding growth remaining moderate.
Kalyan Jewellers Q2 Update: Consolidated Revenue Growth Over 26%, International Revenue Up 18% YoY
Kalyan Jewellers reported over 26% consolidated revenue growth in Q2FY27, driven by strong domestic and international sales, including a 27% rise in India revenue.
IDFC First Bank share: 30% rally in 6 months! Experts see more upside after Q2FY27 business update | Target, stop-loss
IDFC First Bank reported strong Q2FY27 business with 30% growth in loans, 26% deposits, and 20% in CASA
Kalyan Jewellers shares in focus as Q2 revenue grows 26% YoY, jeweller records 20% same-store-sales growth
Kalyan Jewellers reported over 26% consolidated revenue growth in Q2 FY27, supported by strong Indian operations and approximately 20% same-store sales growth. International revenue rose 18%, while its lifestyle brand Candere grew 64%. The company expanded its showroom network, reduced non-GML debt to zero and expressed optimism about the festive and wedding season.
Kalyan Jewellers shares gain 2% as Q2 revenue grows 26% YoY, firm records 20% same-store-sales growth
Kalyan Jewellers reported over 26% consolidated revenue growth in Q2 FY27, supported by strong Indian operations and approximately 20% same-store sales growth. International revenue rose 18%, while its lifestyle brand Candere grew 64%. The company expanded its showroom network, reduced non-GML debt to zero and expressed optimism about the festive and wedding season.
Titan Q2 Miss Puts Festive Demand In Focus; JPMorgan Cuts Target, Citi Sees Studded Jewellery Boosting Margins
Citi maintained its 'Buy' rating on Titan with a target price of Rs 5,700. Morgan Stanley retained its 'Overweight' rating with a target of Rs 5,483, while JPMorgan maintained 'Overweight' but lowered its target price to Rs 5,540 from Rs 5,650.
Manufacturing sentiment improves in Q2
In the second quarter of FY27, India's manufacturing sentiment showed improvement as factories raised capacity utilization to 75.5%. According to the Federation of Indian Chambers of Commerce and Industry, firms planned to hire more workers, indicating recovery. The survey noted that most sectors are not facing labor shortages at factories.
US stocks: Marvell raises 2028 revenue forecast on strong AI data center demand
Marvell has increased its revenue forecast for 2028 to around $20 billion due to strong demand. The company's shares surged nearly 9% in early trading following the announcement. Previously, Marvell had projected $18 billion in revenue in August, while analysts expected slightly higher figures. This year, the stock has tripled in value, reflecting investor confidence in the company's performance.
Titan Q2FY27 update: Consumer businesses grow 25% YoY, jewellery up 21%
Titan Company’s consumer businesses grew 25% year-on-year in Q2 FY27, led by watches, EyeCare and jewellery. Domestic businesses rose 22%, while international operations surged 97%. Titan added 78 net stores, taking its overall consumer store network to 3,758 in September 2026.
Utkarsh SFB Q2 Business Update: Disbursements Jump 55%; CASA Growth Outpaces Deposits
Utkarsh Small Finance Bank reported a sharp rise in Q2 disbursements, led by non-JLG lending, while CASA deposits grew more than twice as fast as overall deposits.
Utkarsh Small Finance Bank Q2 disbursements jump 55% YoY to Rs 3,525 crore; loan portfolio rises over 7%
Utkarsh Small Finance Bank’s Q2 FY27 disbursements surged 54.9% year-on-year to Rs 3,525 crore, driven by strong non-JLG growth. Total loans rose 7.5% to Rs 20,063 crore, while deposits increased 6.6% to Rs 23,869 crore, according to provisional business data.
Max Estates sales bookings surge over 13-fold to Rs 2,100 crore in Q2
Max Estates reported a sharp rise in sales bookings to Rs 2,100 crore in the July-September quarter, up from Rs 156 crore a year ago, driven by strong housing demand. The realty firm recorded Rs 3,200 crore in pre-sales in the first half and plans major residential launches across Noida and Gurugram.
JPMorgan Bets On Marico As Q2 Momentum Spurs Upgrade Hopes
The company said in a regulatory filing that its domestic demand remained resilient, while operating operating environment stayed volatile in the second quarter. Despite that, it remains optimistic on consumption trends.
Best auto stocks to buy ahead of Q2 results: Eicher, Hyundai Motor, Tata Motors PV among Nuvama’s top picks | Full list
Nuvama Institutional Equities maintains a positive outlook on the auto sector, with key picks including Hyundai Motor, Tata Motors, and Eicher Motors. They anticipate 27% revenue growth driven by industry volumes, although EBITDA growth may be limited to 10% due to cost pressures.
Dabur shares rise 4% as firm sees double-digit Q2 growth; FMCG set for strong performance
Dabur shares rose sharply on Tuesday after the FMCG major projected double-digit consolidated revenue and PAT growth in Q2FY27. Its India FMCG business is expected to accelerate, while Home & Personal Care could post double-digit growth. Food and Beverages may deliver mid-teens growth, while international business is expected to maintain strong momentum.
Q2 business updates: Experts tell which banking stocks to buy ahead of Q2 results FY27?
Market investors may be wondering whether now is the right time to invest in private-sector banking stocks.
Q2 business updates: Experts tell best banking stocks to buy ahead of Q2 results FY27?
Market investors may be wondering whether now is the right time to invest in private-sector banking stocks.
India’s factories power up as demand, output and hiring improve in Q2: FICCI survey
Manufacturing sentiment in India improved noticeably in the second quarter of FY27, reflecting increased expectations for production and demand. About 95 percent of manufacturers reported stable or higher production levels compared to the previous quarter. Capacity utilization also rose, reaching approximately 75 percent, highlighting effective operational efficiency. Hiring intentions increased, with 43 percent of manufacturers planning to recruit additional staff in the coming months.
Meesho shares jump 6% as content commerce NMV grows 152% in Q2. Buy, sell or hold the stock?
Meesho shares rose after strong growth in its Content Commerce business, with NMV increasing 152% year-on-year. Brokerages remain divided, with UBS and Jefferies positive on the stock, while Nomura has a Reduce call.
Dabur Q2 Update: Revenue Growth Expected In Double Digits; Hair Oils, Shampoos Seen Growing In High Teens
Dabur's International Business is expected to post high-teens growth in INR terms despite severe headwinds in the Middle East. Key markets including Egypt, Turkey, the US, Bangladesh and the UK are each expected to record strong double-digit growth in INR terms.
Shakti Pumps Stock Surges After Company Bags Rs 112 Crore Order From MSEDCL
This new order will add to the existing order book of the company, which stood at around Rs 1,000 crore at the end of July 2026, offering further revenue visibility for the company.
Nykaa's Q2 business update brings a fresh bout of optimism
Nykaa stock has gained 5% following the 4 October business update, bringing the 2026 return to 28% despite pessimistic sentiment in the broader market
HFCL shares hit 5% upper circuit again: Up 338% from 52-week low | Buy? Check target, stop loss
HFCL shares rallied sharply, hitting a new 52-week high of ₹262.25, up 338% from its low. The company reported a net profit of ₹245.64 crore in Q1FY27 and has a record order book of ₹26,665 crore.
AWL Agri Business shares climb 4% as Q2 revenue rises 24% YoY, Food & FMCG posts record quarterly revenue
AWL Agri Business shares rose nearly 4% after Q2 revenue grew 24% year-on-year, driven by strong performance in Food & FMCG and Industry Essentials. Food & FMCG revenue jumped 33%, surpassing Rs 2,000 crore. Pulses, exports, e-commerce and specialty chemicals also recorded robust growth, while edible oils posted steady volume gains.
Newly-listed Steamhouse India shares hit 10% circuit after Q1 net profit rises 80% to Rs 18 crore
Newly-listed Steamhouse India shares hit the 10% upper circuit after the company reported an 80.25% year-on-year rise in Q1 FY27 net profit to Rs 18 crore. Revenue from operations rose 13.35% to Rs 129 crore, while margins improved 700 basis points to 24.05% during the quarter.
APL Apollo’s Q2 volume growth rebounds. Can it still meet FY27 targets?
Sustained volume growth, including incremental volumes from new capacities, alongside margins protection would determine APL Apollo’s trajectory hereon
Rs 17,540 crore added to Trent mcap, but Citi stays bearish. Why Morgan Stanley disagrees
Trent shares surged 13% after the Tata Group retailer reported strong Q2 revenue growth and crossed the 1,000-store milestone for Zudio. Morgan Stanley and HSBC remain bullish, while Citi stays cautious over margins, competition and revenue per square foot.
IT Q2 Preview: Weak Growth, Attractive Valuations; Tech Mahindra, LTIMindtree Among Anand Rathi's Top Picks
TCS expects a front-loaded quarter with strong July/August commentary, and September expected to be affected by rate hikes and Middle East weakness, particularly in manufacturing and retail, adds the brokerage.
Angel One Q2 Update: Client Base Soars 17.3% year-on-year, Average Daily Orders Remain Flat
Angel One’s number of orders increased 1.7% year-on-year to 366.5 million during the quarter, while gross client acquisition declined 14% year-on-year to 1.5 million.
Steamhouse India Stock Jumps 10% On 80% YoY Rise In Q1 Net Profit, Improvement In Margin
Steamhouse India reported a consolidated profit after tax of Rs 183.42 million for the quarter ended June 30, 2026, compared with Rs 140.96 million in the March quarter.
Oil And Gas Q2 Results Preview: Dolat Capital Sees Ebitda Surge On Upstream Strength; Oil India Among Top Picks
Oil and Gas Q2 Results Preview: City gas distributions are experiencing volume growth but their margins are under pressure, adds the brokerage.
Vedanta vs Vedanta Iron and Steel vs Vedanta Aluminium Metal vs Hindustan Zinc: Which stock to buy and why | Target, SL
Experts believe the Q2 FY27 production releases across the demerged Vedanta entities highlight sharp operational divergences, clearly separating structural compounders from assets facing operational headwinds
Honasa Consumer shares jump 7% as Q2 operating update points to strong growth
Honasa Consumer shares rallied after the company projected strong Q2 FY27 operating performance, with net sales growth expected in the early thirties, improving margins and continued traction across brands and offline channels.
Kotak, Axis, IndusInd Bank shares: Q2 business updates trigger sharp moves- How stocks reacted; key data details to know
Shares of Kotak Mahindra Bank, Axis Bank, and IndusInd Bank rose on October 6 after positive business updates for Q3. Advances and deposits showed healthy growth, though differences in deposit composition and CASA growth were notable for investors.
Frequently Asked Questions
Why do stock prices move sharply after earnings?
Prices move because earnings either beat or miss what the market was expecting — not just whether the company made a profit. If analysts expected Rs 500 crore profit and the company delivered Rs 600 crore, the stock rises. If it delivered Rs 480 crore, it falls. Management commentary about the future outlook often matters even more than the actual numbers. Guidance upgrades or downgrades can trigger bigger moves than the results themselves.
What key metrics should I look for in quarterly results?
Start with revenue growth (top line) and net profit growth versus the same quarter last year. Then check operating margins — are they improving or contracting? Look at the order book or deal pipeline for visibility on future quarters. Debt levels, cash flow from operations, and any one-off items (asset sales, write-offs) also matter. Compare the numbers to analyst consensus estimates to understand whether the result is truly good or merely in line.
When do Indian companies report quarterly results?
Listed companies must file results within 45 days of quarter end (60 days for the March quarter). Most results come out in the 3-6 week window after each quarter: July-August for Q1, October-November for Q2, January-February for Q3, and April-May for Q4. Large-cap companies like TCS, Infosys, and HDFC Bank typically report early in the season and set the tone for their respective sectors.