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Q2 earnings season may be muted affair for India Inc

Business Standard

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October 09, 2025

Their performance would weigh on overall earnings, as banks account for nearly a third of total corporate profits.

At the other end of the spectrum, telecom operators such as Bharti Airtel and Reliance Jio (consolidated — with Reliance Industries) and steel producers, including Tata Steel and JSW, are expected to drive most of the incremental year-on-year growth in earnings in Q2FY26.

Consumer goods companies such as HUL, ITC, and Asian Paints are expected to report further deceleration in revenue and earnings growth in Q2.IT services firms, including TCS, Infosys, and Wipro, are likely to post low single-digit growth in revenues and earnings, continuing the trend of the past eight quarters.

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