Q2 Results Today (Nov 4, 2025): SBI, Adani Enterprises, M&M, Paytm, IndiGo Among 110 Firms Set to Announce Earnings

Dalal Street would see the major result day with the giants releasing 2QFY26 results on Tuesday, 4th November 2025. Of major note will be State Bank of India, Adani Enterprises, Mahindra and Mahindra, One97 Communications (Paytm), and InterGlobe Aviation (IndiGo).

More than 650 listed companies are due to declare their quarterly earnings amid a week that, therefore, would turn crucial for the markets. Analysts think that the direction of the markets is likely to be set by this ongoing earning season ahead of the festive quarter.

“The ongoing Q2FY26 results season will continue to shape market direction, with several major companies scheduled to release their financials. These results will provide clarity on sectoral trends and corporate profitability,” said Ajit Mishra, SVP–Research, Religare Broking Ltd.

🔹 SBI Q2 Preview

Brokerages expect SBI to post muted earnings growth for the September quarter due to a high base effect from last year.

Axis Securities estimates the bank’s advances and deposits to grow 12% and 9% year-on-year, respectively.

However, margin pressure could impact performance, with Net Interest Income (NII) projected at ₹40,499 crore — down 3% YoY and 1.4% QoQ.

🔹 M&M Q2 Preview

Analysts expect Mahindra & Mahindra to deliver strong revenue growth backed by higher volumes across the automotive and farm equipment divisions, a better product mix, and robust EV sales.

Kotak Institutional Equities projects a 16% YoY rise in total revenue, led by healthy SUV sales and export demand.

The tractor segment is likely to benefit from a premium product mix and stable rural sentiment.

🔹 IndiGo Q2 Preview

For InterGlobe Aviation (IndiGo), the quarter may remain seasonally weak, but analysts see long-term strength due to international expansion and cost control.

Kotak Institutional Equities expects the airline to report a wider adjusted net loss of ₹1,574 crore in Q2FY26 versus ₹987 crore last year.

Revenue is projected at ₹17,646 crore — up 4% YoY, but down 14% QoQ.

🔹 Paytm, Adani Group Stocks Also In Focus

Investors will closely watch Paytm (One97 Communications) for fintech performance trends amid tightening competition, while Adani Enterprises and Adani Ports results will provide cues on infrastructure growth and diversification strategies.

📊 Key Companies Declaring Q2 FY26 Results Today (Nov 4, 2025)

Some of the major names releasing earnings today include:

SBI, Adani Enterprises, Adani Ports, M&M, IndiGo, Paytm, Indian Hotels, Suzlon Energy, Berger Paints, Kaynes Technology, Escorts Kubota, Nuvama Wealth, Alembic Pharma, Whirlpool, ABFRL, Metropolis Healthcare, Sheela Foam, Greaves Cotton, Butterfly Gandhimathi, Snowman Logistics, Allcargo Terminals, and many others.

💡 Market Outlook

The period is expected to remain volatile as results from big-cap companies are being announced. Investor sentiments will center on banking, auto, aviation, and fintech interspersed over the week.