Q2 FY26 Earnings Results
Q2 FY26 earnings, Jul–Sep 2025: 6,052 Indian listed companies have reported; median profit growth is +2.2% on last year, and 114 of 245 companies with analyst estimates beat them. Quarter ended 30 Sep 2025.
Reported
6,052
companies
Profit breadth
51% / 45%
grew / declined · 4,400 comparable
Median sales YoY
+8.9%
across all reporters
Median profit YoY
+2.2%
across all reporters
Beat / missed
114 / 107
of 245 covered
Strongest / weakest
Food Products +22.2%
Forest Materials −33.3%
median profit growth, 10+ reporters
Strongest Food Products +22.2%
Weakest Forest Materials −33.3%
Most reporters Financial Services 599
median profit growth · strongest and weakest consider sectors with 10+ reporters
| Sector | Reported | Median sales YoY | Median profit YoY | Beat / missed / in line |
|---|---|---|---|---|
| Financial Services | 599 | +1.2% | −7.1% | 3 / 5 / 3 of 11 covered |
| Industrial Products | 466 | +8.6% | +10.6% | 10 / 3 / 1 of 14 covered |
| Commercial Services | 404 | +6.7% | −6.9% | 0 / 3 / 1 of 4 covered |
| Consumer Goods | 366 | +7.4% | +6.8% | 12 / 17 / 2 of 31 covered |
| Textiles | 321 | +2.7% | 0.0% | 2 / 2 / 0 of 4 covered |
| Chemicals | 313 | +7.8% | +1.3% | 2 / 6 / 1 of 9 covered |
| Information Technology | 310 | +12.8% | +13.0% | 5 / 2 / 3 of 10 covered |
| Capital Goods | 299 | +14.9% | +9.5% | 6 / 5 / 2 of 13 covered |
| Healthcare | 269 | +8.8% | +6.4% | 13 / 6 / 0 of 19 covered |
| Construction | 219 | +17.2% | +16.5% | 10 / 4 / 0 of 14 covered |
| Automobiles | 197 | +10.7% | +9.5% | 9 / 10 / 3 of 22 covered |
| Realty | 172 | +8.3% | −12.9% | 0 / 2 / 0 of 2 covered |
| Consumer Discretionary | 143 | +13.0% | +15.6% | 0 / 1 / 0 of 1 covered |
| FMCG | 120 | +16.1% | 0.0% | 1 / 3 / 0 of 4 covered |
| Food Products | 120 | +15.9% | +22.2% | 4 / 1 / 0 of 5 covered |
| Media | 120 | +4.2% | −9.8% | 0 / 2 / 0 of 2 covered |
| Leisure Services | 114 | +7.0% | −12.0% | 2 / 3 / 1 of 6 covered |
| Industrials | 95 | +10.1% | +5.2% | no analyst coverage |
| Metals & Mining | 95 | +7.8% | 0.0% | 1 / 1 / 2 of 4 covered |
| Logistics & Cargo | 87 | +8.2% | 0.0% | 2 / 3 / 0 of 5 covered |
| Retail | 75 | +15.5% | +14.0% | 4 / 7 / 1 of 12 covered |
| Commodities | 72 | +11.1% | +8.8% | no analyst coverage |
| Services | 70 | 0.0% | −15.4% | no analyst coverage |
| Healthcare Services | 67 | +14.9% | +14.9% | 6 / 3 / 1 of 10 covered |
| Capital Markets | 64 | −1.3% | −16.2% | 3 / 0 / 1 of 4 covered |
| Forest Materials | 60 | +5.8% | −33.3% | no analyst coverage |
| Fast Moving Consumer Goods | 47 | −3.1% | −9.2% | no analyst coverage |
| Power | 44 | +10.3% | −1.1% | 4 / 3 / 0 of 7 covered |
| Telecom | 43 | +0.7% | −19.4% | 3 / 0 / 0 of 3 covered |
| Consumer Services | 42 | +9.5% | +4.2% | 1 / 0 / 0 of 1 covered |
| Banks | 39 | — | +6.2% | 2 / 1 / 1 of 4 covered |
| Utilities | 32 | +17.8% | +12.5% | no analyst coverage |
| Oil & Gas | 29 | +15.8% | +8.3% | 2 / 3 / 0 of 5 covered |
| Aerospace & Defense | 28 | +16.1% | +17.7% | 4 / 2 / 0 of 6 covered |
| Beverages | 25 | +2.8% | +4.3% | 1 / 0 / 1 of 2 covered |
| Petroleum Products | 22 | +10.6% | +17.1% | 0 / 2 / 0 of 2 covered |
| Diversified | 21 | +7.1% | 0.0% | no analyst coverage |
| Transport Services | 17 | +6.3% | −29.1% | no analyst coverage |
| Insurance | 13 | +4.5% | +3.0% | 2 / 4 / 0 of 6 covered |
| Transport | 13 | −9.8% | −0.8% | no analyst coverage |
| Energy | 12 | −3.2% | −29.1% | 0 / 2 / 0 of 2 covered |
| Aviation | 5 | +2.3% | +212.2% | 0 / 1 / 0 of 1 covered |
| Telecommunication | 5 | +24.0% | +33.3% | no analyst coverage |
| Consumer Durables | 3 | +2.1% | +50.0% | no analyst coverage |
| Castings, Forgings & Fastners | 2 | −2.6% | −599.6% | no analyst coverage |
| Engineering Services | 2 | 0.0% | −7.7% | no analyst coverage |
| Trading | 2 | +41.1% | +177.3% | no analyst coverage |
| Steel | 1 | +0.3% | −9.2% | no analyst coverage |
| Capital Goods - Electrical Equipment | 1 | −46.7% | −96.5% | no analyst coverage |
| Telecomm Equipment & Infra Services | 1 | +106.8% | +125.0% | no analyst coverage |
| Printing & Stationery | 1 | +0.7% | +15.7% | no analyst coverage |
| Packaging | 1 | −2.1% | −9.3% | no analyst coverage |
| Education | 1 | +5.6% | −37.2% | no analyst coverage |
| Diamond, Gems and Jewellery | 1 | +63.4% | +17.3% | no analyst coverage |
| Media Entertainment & Publication | 1 | — | — | no analyst coverage |
| Cables | 1 | +78.0% | +525.0% | no analyst coverage |
About Q2 FY26 sector data
Which sectors performed best in Q2 FY26?
On median profit growth, Food Products led and Forest Materials lagged among sectors with at least ten companies reporting. The table below ranks every sector on median revenue and profit growth alongside its beat/miss split.
Why the median and not the average?
A single company swinging from a small loss to a small profit can produce a four-figure growth percentage, and an average would let that one row define the whole sector. The median describes the typical company in the group, which is the question a sector view is actually asked.
Why do sectors with few companies get excluded from the strongest and weakest?
A sector where three companies reported has a median that can move on one result. The strongest and weakest labels only consider sectors with ten or more reporters, so the ranking reflects a trend rather than an accident.
Why do some Q2 FY26 growth figures show "n/a" instead of a percentage?
Growth is left blank whenever the comparison period was not profitable. A percentage change measured from a loss is arithmetic without meaning — a swing from a ₹10 crore loss to a ₹10 crore profit is not "200% growth", and publishing it as such would flatter the company. The reported figures for both periods are still shown, so the change is there to read directly.
Does the beat/miss verdict cover every company?
No, and the denominator matters. An analyst consensus existed for 245 of the 6,052 companies that reported Q2 FY26 — 4.0%. Beat, missed and in-line describe only those. Every other company is marked "no estimate" rather than being counted as in line, because nobody forecast it. Revenue and profit growth, by contrast, cover every company in the table.
What counts as an in-line result rather than a beat or a miss?
Reported earnings per share within ±2% of the consensus estimate. The band is set there because a tighter one classifies rounding as news, and a wider one swallows surprises that genuinely moved a stock.
Are the figures consolidated or standalone?
Consolidated where a company reports on that basis, standalone otherwise, with all money in ₹ crore. Figures are as filed by the company with the exchanges (NSE/BSE); they are not restated or adjusted.
Figures are as reported by companies in their quarterly filings to the exchanges (NSE/BSE), in ₹ crore. Consolidated results are shown where a company reports them, otherwise standalone. Year-on-year and quarter-on-quarter growth is omitted where the comparison period was loss-making, since a percentage change from a negative base is not meaningful. Analyst consensus is an estimate, not a forecast of outcome.