The second quarter (Q2) earnings season for FY26 has started, the companies listed in Indian stock market have started release their numbers, leading to movements in the stock prices accordingly. Check the following companies’ performances, YoY change in Q2 results or estimates of the ones expected soon:
Infosys Q2 Earnings
Infosys posted a quarter-on-quarter (QoQ) decent revenue growth of 4.23% to ₹44,069 crore in Q2 FY26, led by new deals and acquisitions. Year-on-year (YoY), revenue rose by 7.52%. Net profit grew 4.04% quarter-on-quarter to ₹7,200 crore and 10.67% year-on-year, indicating continued operational efficiency and momentum from deals. Infosys recorded ₹41,000 crore revenue and ₹6,500 crore net profit last year in Q2 FY25.
Wipro Q2 Preview
Wipro Q2 results are due today with analysts forecasting modest growth in revenue and profitability after its consistent emphasis on digital transformation services. Same quarter revenue last year was ₹17,800 crore, and net profit was ₹2,150 crore. Estimates suggest a potential 5-7% YoY revenue growth this quarter led by strong client wins and cost optimisation.
Nestle India Q2 Results
Nestle India is likely to have consistent Q2 growth with revenue projected at ₹5,200 crore versus ₹4,900 crore in the previous year. Net profit is also anticipated to increase around 10% YoY driven by volume growth in major products and price rises. Net profit in Q2 last year was ₹850 crore.
Jio Financial Services
Jio Financial Services is expected to post a high top-line growth, likely to exceed ₹3,700 crore in Q2 from ₹3,200 crore in the year ago period. The analysts are predicting a strong increase in net profit boosted by a growing financial product portfolio and rising number of customers. Net profit in Q2 last year was around ₹480 crore.
Axis Bank Q2 Performance
Axis Bank displayed a 24% fall in consolidated net profit at ₹5,090 crore against ₹6,700 crore in the same period of last year. Revenue increased 2% YoY to ₹32,310 crore. The fall in profit arose despite stable loan growth and bettering asset quality due to increased provisions.
HDFC Life Insurance
HDFC Life posted a 2% increase in net profit at ₹448 crore for Q2 FY26 from ₹438 crore a year ago, but revenue declined 27% to ₹20,651 crore, marking the accounting change in recognition of premiums. The gross premium income registered growth as well as repricing effect but maintained cautious underwriting stance.
L&T Finance Holdings
L&T Finance records a 7% revenue growth to ₹4,336 crore from ₹4,019 crore in Q2 FY25, and net profit grew 5% to ₹735 crore. The company has strengthened its loan book and enhanced operational efficiencies over the previous year.
Nutshell
This Q2 earnings season is mixed but overall upbeat, with IT firms such as Infosys and Wipro taking advantage of digital deals, while financials are steady in growth. The banking sector is still cautious with sustained pressure on net profits on account of provisioning. Consumer firms such as Nestle exhibit strength in volume and price recovery. These bottom lines will be closely followed as harbingers of India’s economic pace in the second half of 2025.
