Q2 FY27 Earnings Results
Q2 FY27 earnings, Jul–Sep 2026: 558 Indian listed companies have reported; median profit growth is +20.8% on last year, and 72 of 146 companies with analyst estimates beat them. Quarter ended 30 Sep 2026.
Declared
558/1,023
54% filed
Profit breadth
71% / 27%
grew / declined · 462 comparable
Median sales YoY
+22.6%
across all reporters
Median profit YoY
+20.8%
across all reporters
Beat / missed
72 / 58
of 146 covered
Strongest / weakest
Chemicals +50.8%
Realty −16.6%
median profit growth, 10+ reporters
| # | Company | Profit (₹ Cr) | Sector | Revenue (₹ Cr) | Profit (₹ Cr) |
|---|---|---|---|---|---|
| 🥇 |  HDFCBANK HDFC Bank Ltd | 20,700 | Banks | — | 20,700 |
| 🥈 |  ICICIBANK ICICI Bank Ltd | 17,312 | Banks | — | 17,312 |
| 🥉 |  TCS Tata Consultancy Services Ltd | 13,934 | Information Technology | 73,188 | 13,934 |
| 4 |  INFY Infosys Ltd | 7,838 | Information Technology | 49,244 | 7,838 |
| 5 |  AXISBANK Axis Bank Ltd | 7,650 | Financial Services | — | 7,650 |
| 6 |  ADANIPOWER Adani Power Ltd | 7,019 | Power | 19,439 | 7,019 |
| 7 |  HINDZINC Hindustan Zinc Ltd | 6,412 | Metals & Mining | 15,093 | 6,412 |
| 8 |  BAJFINANCE Bajaj Finance Ltd | 6,367 | Financial Services | 24,546 | 6,367 |
| 9 |  VEDL Vedanta Ltd | 6,202 | Metals & Mining | 26,356 | 6,202 |
| 10 | VAML Vedanta Aluminium Metal Ltd | 6,187 | Metals & Mining | 22,324 | 6,187 |
| 11 |  LT Larsen & Toubro Ltd | 5,949 | Industrials | 78,750 | 5,949 |
| 12 |  KOTAKBANK Kotak Mahindra Bank Ltd | 5,634 | Financial Services | — | 5,634 |
| 13 |  UNIONBANK Union Bank of India | 5,570 | Banks | — | 5,570 |
| 14 |  PNB Punjab National Bank | 5,561 | Banks | — | 5,561 |
| 15 |  JSWSTEEL JSW Steel Ltd | 5,359 | Commodities | 54,486 | 5,359 |
| 16 |  CANBK Canara Bank | 5,182 | Banks | — | 5,182 |
| 17 |  HCLTECH HCL Technologies Ltd | 5,132 | Information Technology | 35,620 | 5,132 |
| 18 |  BPCL Bharat Petroleum Corporation Ltd | 4,863 | Petroleum Products | 1,57,818 | 4,863 |
| 19 |  SHRIRAMFIN Shriram Finance Ltd | 3,684 | Financial Services | 13,792 | 3,684 |
| 20 |  ADANIPORTS Adani Ports & Special Economic Zone Ltd | 3,682 | Transport | 11,340 | 3,682 |
| 21 |  HINDPETRO Hindustan Petroleum Corporation Ltd | 3,625 | Petroleum Products | 1,39,114 | 3,625 |
| 22 |  RECLTD | 3,478 | Financial Services | 15,000 | 3,478 |
| 23 |  INDIANB Indian Bank | 3,447 | Banks | — | 3,447 |
| 24 |  BAJAJ-AUTO Bajaj Auto Ltd | 3,384 | Automobiles | 25,126 | 3,384 |
| 25 |  BANKINDIA Bank of India | 3,222 | Banks | — | 3,222 |
About the Q2 FY27 leaderboard
What does the Q2 FY27 earnings leaderboard rank?
Companies ranked on one measure at a time — EPS surprise against consensus, profit growth, revenue growth, or absolute profit and revenue. Ranking is computed over every company that reported the quarter, not just the ones on the first page of the grid.
Which companies can appear in the EPS surprise ranking?
Surprise is measured against an analyst estimate, and only 146 companies had one for Q2 FY27. A company nobody covers has no surprise to report, so it sorts below every company that does rather than being ranked at zero — in practice the ranking is filled by covered companies.
Is a large percentage growth figure always a good result?
No. A company recovering from a very small base can post several hundred percent growth on a modest absolute gain, which is why absolute revenue and profit are shown beside the growth figure. Growth measured from a loss-making base is excluded entirely rather than published as a large number.
Why do some Q2 FY27 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 146 of the 558 companies that reported Q2 FY27 — 26.2%. 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.