Q2 Results 2025: Vodafone Idea, HAL, Tata Motors, IRCTC, SJVN, and RVNL Among Key Companies to Announce Earnings Next Week

The final phase of the corporate earnings season in India has arrived, and during the period from November 10 to 14, more than 2,500 companies are going to reveal their financial results for Q2 FY26. Some of the main participants with the largest market capitalizations like Vodafone Idea, Oil and Natural Gas Corporation (ONGC), Hindustan Aeronautics (HAL), Tata Motors Passenger Vehicles, IRCTC, SJVN, and Rail Vikas Nigam (RVNL) will be under the scrutinizing eye of the investors looking for the critical financial information.

Vodafone Idea Q2 Results Preview

It is the revenue of the telecommunications giant Vodafone Idea, which is forecasted to be the next quarter of losses albeit with a narrower margin than before. As per brokerage JM Financial, the company is predicted to show a net loss of ₹6,823.5 crore for the September quarter, less than last year’s October quarter loss of ₹7,175.9 crore and the first quarter of FY26 loss of ₹6,608.1 crore.

The revenue is estimated to grow by 1.7% compared to the same period last year, reaching ₹11,115 crore. This is mainly due to the gradual rise in ARPU (Average Revenue Per User). Revenue for the quarter is expected to slightly increase by 0.8% compared to the previous quarter’s ₹11,022.5 crore.

ONGC Q2 Results Outlook

Energy giant ONGC may witness a modest 2% decline in EBITDA (quarter-on-quarter) due to higher operational expenses, according to JM Financial. However, the brokerage expects higher crude and gas realisations to offset part of the cost pressure. JM Financial has maintained its ‘Buy’ rating on ONGC with a revised target price of ₹285 per share.

Major Companies Announcing Q2 Results (November 10–14, 2025)

November 10

Vodafone Idea Ltd., ONGC, SJVN Ltd., Rail Vikas Nigam Ltd., Bharat Forge Ltd., Hindustan Aeronautics Ltd., IRCTC, Hero MotoCorp Ltd., Tata Motors Passenger Vehicles Ltd., Bajaj Finance Ltd., Cello World Ltd., Sun Pharma Advanced Research Co. Ltd., and Sula Vineyards Ltd.

November 11

Bharat Forge Ltd., Bajaj Finserv Ltd., Biocon Ltd., Bosch Ltd., Container Corporation of India Ltd., Fortis Healthcare Ltd., Gujarat State Fertilizers & Chemicals Ltd., Hindustan Copper Ltd., Reliance Infrastructure Ltd., Rail Vikas Nigam Ltd., Tata Power Company Ltd., and Torrent Power Ltd.

November 12

Ashok Leyland Ltd., Asian Paints Ltd., Cochin Shipyard Ltd., Hindustan Aeronautics Ltd., IRCON International Ltd., IRCTC, SpiceJet Ltd., Tata Steel Ltd., and Techno Electric & Engineering Co. Ltd.

November 13

Hero MotoCorp Ltd., Bharat Dynamics Ltd., The New India Assurance Company Ltd., Titagarh Rail Systems Ltd., Voltas Ltd., and TVS Supply Chain Solutions Ltd.

November 14

Engineers India Ltd., Exide Industries Ltd., Glenmark Pharmaceuticals Ltd., Marico Ltd., Oil India Ltd., Tata Motors Passenger Vehicles Ltd., and V2 Retail Ltd.

Market experts predict higher fluctuations in Indian shares, due to the upcoming inflation data and Q2 corporate earnings. The sectors of automobiles, energy, infrastructure, and pharmaceuticals are expected to be the main focus of the investors' evaluation of growth momentum, through the second half of FY26.