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Commodities spur India Inc’s Sep quarter showing

Business Standard

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November 17, 2025

Adjusted net profits of all listed companies in the Busi- ness Standard sample grew to Q2FY26.

Adjusted net profits of all listed companies in the Business Standard sample grew to around %3.62 trillion in Q2FY26 from around %3.27 trillion a year ago but a decline from about %3.77 trillion in Q1FY26.

Earnings of companies other than BFSI grew to around %2.3trillion in Q2FY26 from around %2trillion a year agobuta decline from around 22.44 trillion in QiFY26.

In comparison, the combined net profits of companies ex-BFSI and commodities grew to around 21.53 trillion from %1.44 trillion a year ago but down from %1.61 trillion in QiFY26.

Similarly, net sales (gross interest income in the case of banks and other lenders) were up 72 per cent Yo-Y in Q2FY26, an improvement from7 percent in Q2FY25 and 6.6 percentin Qi.

Net sales of companies ex-BESI were up 7.5 per cent Yo-Y in Q2FY26, growing at the fastest pace in the last 10 quarters. However, net sales of firms ex-BFSI and commodities were up 8.3 percent, growing at the slowest pace in. the last six quarters.

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