Q2 FY26 Earnings
Quarterly results for Indian listed companies · Jul–Sep 2025 · quarter ended 30 Sept 2025
Reported
6,036
companies
Profit breadth
51% / 45%
grew / declined · 4,398 comparable
Median sales YoY
+9.0%
across all reporters
Median profit YoY
+2.1%
across all reporters
Beat / missed
145 / 139
of 316 covered
Strongest / weakest
Transport Services +33.8%
Forest Materials -33.3%
median profit growth, 10+ reporters
Strongest Transport Services +33.8%
Weakest Forest Materials -33.3%
Most reporters Financial Services 612
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 | 612 | +0.6% | -7.1% | 11 / 10 / 4 of 25 covered |
| Industrial Products | 393 | +8.6% | +8.3% | 10 / 2 / 1 of 13 covered |
| Commercial Services | 365 | +6.4% | -6.2% | 1 / 2 / 1 of 4 covered |
| Consumer Discretionary | 347 | +11.5% | +10.6% | 13 / 13 / 3 of 29 covered |
| Consumer Goods | 310 | +6.5% | +4.6% | 11 / 14 / 1 of 26 covered |
| Information Technology | 309 | +12.7% | +13.2% | 10 / 8 / 7 of 25 covered |
| Healthcare | 278 | +8.9% | +6.4% | 9 / 10 / 0 of 19 covered |
| Textiles | 270 | +2.5% | -1.0% | 2 / 1 / 0 of 3 covered |
| Chemicals | 267 | +8.2% | 0.0% | 1 / 2 / 0 of 3 covered |
| Industrials | 257 | +10.7% | +8.6% | 3 / 3 / 1 of 7 covered |
| Capital Goods | 251 | +16.6% | +13.0% | 4 / 2 / 2 of 8 covered |
| Construction | 177 | +16.5% | +12.5% | 9 / 5 / 0 of 14 covered |
| Realty | 159 | +5.6% | -14.4% | 2 / 3 / 1 of 6 covered |
| Automobiles | 157 | +10.8% | +8.6% | 10 / 11 / 2 of 23 covered |
| Commodities | 143 | +8.8% | +8.8% | 2 / 5 / 1 of 8 covered |
| Services | 132 | +6.0% | -4.0% | 2 / 1 / 0 of 3 covered |
| Food Products | 108 | +15.3% | +22.2% | 4 / 2 / 0 of 6 covered |
| FMCG | 105 | +17.9% | 0.0% | 1 / 3 / 0 of 4 covered |
| Media | 99 | +7.6% | -7.0% | 1 / 1 / 0 of 2 covered |
| Leisure Services | 90 | +7.0% | -22.6% | 1 / 4 / 0 of 5 covered |
| Fast Moving Consumer Goods | 90 | +3.5% | +1.1% | 2 / 1 / 1 of 4 covered |
| Metals & Mining | 86 | +8.2% | +7.2% | 1 / 3 / 1 of 5 covered |
| Logistics & Cargo | 70 | +11.0% | -3.9% | 1 / 4 / 0 of 5 covered |
| Retail | 64 | +14.9% | +17.8% | 2 / 9 / 2 of 13 covered |
| Capital Markets | 59 | -0.5% | -12.7% | 2 / 0 / 0 of 2 covered |
| Healthcare Services | 58 | +14.9% | +15.7% | 6 / 2 / 0 of 8 covered |
| Forest Materials | 53 | +6.3% | -33.3% | no analyst coverage |
| Power | 38 | +10.7% | -1.1% | 1 / 2 / 1 of 4 covered |
| Utilities | 38 | +15.2% | +12.5% | 1 / 0 / 0 of 1 covered |
| Consumer Services | 34 | +8.1% | +4.2% | 1 / 1 / 0 of 2 covered |
| Banks | 32 | — | +6.4% | 8 / 2 / 1 of 11 covered |
| Telecom | 31 | +2.4% | -25.3% | 3 / 0 / 0 of 3 covered |
| Oil & Gas | 29 | +15.8% | +8.3% | 2 / 4 / 0 of 6 covered |
| Aerospace & Defense | 24 | +16.4% | +22.9% | 4 / 1 / 0 of 5 covered |
| Beverages | 19 | +3.8% | +31.3% | no analyst coverage |
| Diversified | 19 | +7.1% | 0.0% | no analyst coverage |
| Petroleum Products | 19 | +10.4% | +17.2% | 2 / 2 / 0 of 4 covered |
| Telecommunication | 16 | +3.5% | -17.2% | no analyst coverage |
| Energy | 15 | -3.1% | -26.1% | 0 / 2 / 0 of 2 covered |
| Transport | 13 | -9.8% | -0.8% | 0 / 0 / 1 of 1 covered |
| Transport Services | 12 | -7.2% | +33.8% | no analyst coverage |
| Insurance | 11 | +4.5% | +10.8% | 2 / 3 / 1 of 6 covered |
| Aviation | 4 | +4.7% | +186.7% | 0 / 1 / 0 of 1 covered |
| Consumer Durables | 3 | +2.1% | +50.0% | no analyst coverage |
| Engineering Services | 2 | 0.0% | -7.7% | no analyst coverage |
| Diamond, Gems and Jewellery | 1 | +63.4% | +17.3% | no analyst coverage |
| Education | 1 | +5.6% | -37.2% | no analyst coverage |
| Trading | 1 | -4.3% | +14.5% | no analyst coverage |
| Steel | 1 | +0.3% | -9.2% | no analyst coverage |
| Media Entertainment & Publication | 1 | — | — | no analyst coverage |
| Cables | 1 | +78.0% | +525.0% | no analyst coverage |
| Printing & Stationery | 1 | +0.7% | +15.7% | no analyst coverage |
| Castings, Forgings & Fastners | 1 | -28.1% | -1,150.0% | no analyst coverage |
| Packaging | 1 | -2.1% | -9.3% | no analyst coverage |
About Q2 FY26 sector data
Which sectors performed best in Q2 FY26?
On median profit growth, Transport Services 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 316 of the 6,036 companies that reported Q2 FY26 — 5.2%. 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.