Indian Stocks Set for Red; 959 Companies Release Q2 Results Today

The Indian equity market is likely to open softly on Friday, as GIFT NIFTY futures are indicating a drop of 99 points in the NIFTY50 index at the start. Investors are keeping a close watch on the quarterly earnings disclosures as well as on the developments in the respective sectors for trading signals.

Earnings in View: Today, a total of 959 companies will be declaring their results for the September quarter. The major ones include Tata Motors Passenger Vehicles, MRF, Glenmark Pharma, Siemens, Max Healthcare Institute, Marico, Oil India, VIP Industries, Ashoka Buildcon, Exide Industries, and Inox Wind.

NBCC Performance: The PSU NBCC India has recorded a significant growth of 25.71% in its consolidated net profit to ₹153.52 crore during the second quarter of FY26 as compared to ₹122.12 crore in the corresponding previous quarter. The 19% hike in revenues was the result of operations rising to ₹2,910.20 crore. The project management consultancy segment increased its contribution to ₹2,835.94 crores, a 30.22% YoY increase.

Jubilant Foodworks: The franchise holder of Domino's Pizza and Dunkin' Donuts, Jubilant Foodworks, recorded a consolidated net profit of ₹194.6 crore in Q2 FY26, which is over double the net profit of ₹66.53 crores that was reported last year. Revenue of operations was up by 19.7% at ₹2,340.15 crores.

Hero MotoCorp: Hero MotoCorp has shown an increase of 23% in profit compared to the same quarter last year, coming to a profit of ₹1,309 crores for the quarter ended on 30th September. The company’s revenue grew to ₹12,218 crores while sales were at 16.91 lakh units. The company has also approved an additional ₹170 crores for the establishment of Global Parts Centre 2.0 in Tirupati which will be operational in between FY27-28.

Apollo Tyres: The company has reported a decrease of 13% in its profit for the second quarter of FY26, which stood at ₹258 crore, which is due to the firm’s restructuring provision of ₹176 crore for its plant in the Netherlands. Revenue was up at ₹6,831 crore. The company has mentioned rural economic conditions and government initiatives as the factors that have enhanced the OEM and replacement segment growth.

Bharat Dynamics: The defense public sector unit Bharat Dynamics recorded a phenomenal increase of 76.19% in net profit as per year on year comparison and the figure stood at ₹216 crore for the second quarter of fiscal year 2026. The firm's earnings tripled from ₹545 crore in Q2 FY25 to ₹1,147 crore in Q2 FY26.

Tata Motors: The loss-making Tata Motors, which is mainly focused on commercial vehicles, reported a net loss amounting to ₹867 crore which was caused by mark-to-market losses of ₹2,026 crore arising from investments in Tata Capital. Total revenue increased to ₹18,585 crore while profit before tax was reported at ₹1,694 crore.

IPCA Laboratories: The consolidated net profit of IPCA Laboratories increased by 23% to ₹283 crore. The revenue for the company went up to ₹2,556 crore from ₹2,355 crore in the previous year.

Eicher Motors: Eicher Motors posted a 24% increase in profit after tax to ₹1,369 crore with revenue up 45% to ₹6,172 crore. Royal Enfield set a new record for quarterly sales with 3,27,067 motorcycles sold, marking a 45% increase comparing with the previous year.

Patel Engineering: The engineering firm Patel reported an 11.73% decline in net profit, which stood at ₹64.7 crore. Company's revenue soared to ₹1,271.6 crore. The firm intends to generate ₹500 crore through fundraising.

LG Electronics India: The unit of the South Korean appliance maker in India saw a decline of 27.3% in Q2 FY26 net profit amounting to ₹389.43 crore. Revenue remained almost the same at ₹6,174.02 crore. This quarter is significant for the company as it marks the first results filing since the company's IPO in October 2025.

Muthoot Finance: Muthoot Finance's net profit increase of 87% to ₹2,345 crore can be attributed to the higher interest income. Total income for the company rose to ₹6,461 crore.

Voltas: The cooling and engineering services provider Voltas had to bear a 76.28% reduction in net profit which fell to ₹31.5 crore. The company's revenue was down 10.37% at ₹2,347.32 crore – a situation brought about by the weak summer season and the delay in GST-related demand.

Godrej Consumer Products: GCPL has successfully taken over the D2C brand Muuchstac worth ₹450 crore. The founders Vishal and Ronak are to remain in charge of the operations, with GCPL lending support.

Steel Sector: The steel industry is getting more attention these days as the government has decided to impose a five-year anti-dumping duty of $121.55 per tonne on hot-rolled flat steel imports from Vietnam. Tata Steel declared the decision as a “positive development” for the home players’ protection.

Page Industries: Page Industries, a manufacturer of clothing, reported a slight drop in its net profit to ₹194.76 crore, while its sales grew by 3.57% to ₹1,290.85 crore.

Market participants are to closely observe these corporate earnings and global market cues, as the NIFTY50 and the wider market are to adjust their movements according to earnings trends and sectoral issues.