Q2 results today: Vedanta, Bank of Baroda, GAIL, BPCL, 72 others on Oct 31

Q2FY26 company results: Firms including Phoenix Mills, Maruti Suzuki, Bharat Electronics, Patanjali Foods, ACC, and Bajaj Electricals are also to release their July-September earnings reports today

Among major firms declaring their Q2FY26 earnings today are Vedanta, Bank of Baroda, Phoenix Mills, GAIL India, Bharat Electronics, Patanjali Foods, Spandana Sphoorty Financial, Bajaj Electricals, Maruti Suzuki, and ACC.

 

Other companies expected to report include Sammaan Capital, Kalpataru Projects International, BPCL, Schaeffler India, Godrej Consumer Products, Aptus Value Housing Finance, Equitas Small Finance Bank, Dr Lal PathLabs, R R Kabel, Shriram Finance, and Balkrishna Industries.

ITC Q2 results highlights

ITC Limited on Thursday reported a 2.7 per cent year-on-year (Y-o-Y) rise in consolidated net profit attributable to owners at ₹5,126.11 crore for the July–September quarter (Q2FY26), supported by its cigarettes business.

 

Net profit from continuing operations stood at ₹5,186.55 crore, up 4.2 per cent Y-o-Y, post the demerger of the hotel business earlier this year. 

 

Consolidated gross revenue came in at ₹21,255.86 crore, down 1.3 per cent from the year-ago period, while net revenue at ₹19,502 crore was slightly below Street estimates and declined 9.3 per cent sequentially.

 

The company’s board also recommended former G20 Sherpa and ex-NITI Aayog CEO Amitabh Kant as an independent director for a five-year term starting January 1, 2026, and reappointed Hemant Malik as whole-time director for two years from August 12, 2026.

Maruti Suzuki Q2 results preview

Maruti Suzuki India is expected to report moderate revenue growth for Q2FY26, supported by improving demand, GST-led recovery, and a stronger product mix. However, analysts warn that higher discounts, wage revisions, and marketing spends may weigh on margins. 

 

Brokerages forecast revenue growth of 6–7 per cent Y-o-Y, driven by higher realisations and export performance. Ebitda, however, is projected to decline between 4–11 per cent due to elevated operating costs.

 

Profit estimates vary widely, ranging from a 9 per cent decline to a 23 per cent rise, depending on forex assumptions and cost structures.

 

Investors will closely watch management commentary on post-GST demand trends, margin guidance, and export performance.

Bank of Baroda Q2 results preview

Bank of Baroda (BoB) is expected to post a subdued September quarter, with net profit likely under pressure due to weak treasury performance, according to analyst estimates. 

 

While the extent of the decline varies across brokerages, the overall outlook remains muted, driven by moderate loan growth and narrowing net interest margins (NIMs).

 

Investors will track commentary on asset quality trends, loan book growth, and provisioning for the quarter.

Market overview for October 31

Domestic markets are expected to trade range-bound today as investors digest September-quarter earnings and reports of easing US-China tensions.

 

At 8:49 am, GIFT Nifty futures were up 10 points at 26,032, indicating a flat start for Sensex and Nifty. 

 

Asian markets opened mostly higher after reports of a limited trade truce between President Donald Trump and Chinese President Xi Jinping.

 

The Nikkei and Topix hit new highs, while the Kospi dipped slightly and ASX 200 gained in early trade.

 

Overnight, US markets closed lower as investors weighed mixed Big Tech earnings — the S&P 500 fell 0.99 per cent, the Nasdaq dropped 1.58 per cent, and the Dow Jones slipped 0.23 per cent. 

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List of firms releasing Q2 FY26 results on October 31

1. ACC Ltd
2. Ad-Manum Finance Ltd
3. Aptus Value Housing Finance India Ltd
4. ASI Industries Ltd
5. Antony Waste Handling Cell Ltd
6. Bajaj Electricals Ltd-$
7. Balkrishna Industries Ltd-$
8. Bank of Baroda
9. Bharat Electronics Ltd
10. BF Utilities Ltd-$
11. Bombay Oxygen Investments Ltd
12. Bharat Petroleum Corporation Ltd
13. Chemfab Alkalis Ltd
14. CMI Ltd
15. Dhanuka Agritech Ltd
16. Divyashakti Ltd
17. DMR Engineering Ltd
18. Dwarikesh Sugar Industries Ltd
19. Eiko Lifesciences Ltd
20. Elegant Marbles & Grani Industries Ltd
21. Emami Paper Mills Ltd
22. Emkay Global Financial Services Ltd
23. Equitas Small Finance Bank Ltd
24. Gail (India) Ltd
25. Garware Marine Industries Ltd
26. Garware Synthetics Ltd
27. Godrej Consumer Products Ltd
28. Gujarat Containers Ltd
29. Heubach Colorants India Ltd
30. Hindustan Bio Sciences Ltd
31. IFB Agro Industries Ltd
32. Intellect Design Arena Ltd
33. Jubilant Pharmova Ltd
34. Kalpataru Projects International Ltd
35. Dr. Lal PathLabs Ltd
36. LG Balakrishnan & Bros Ltd
37. Libord Finance Ltd
38. LKP Securities Ltd
39. Mahindra Lifespace Developers Ltd
40. Maruti Suzuki India Ltd
41. Medplus Health Services Ltd
42. Mahindra Holidays & Resorts India Ltd
43. Money Masters Leasing & Finance Ltd
44. National Plastic Technologies Ltd
45. Nitta Gelatin India Ltd-$
46. NOCIL Ltd
47. Northern Arc Capital Ltd
48. Omansh Enterprises Ltd
49. Panasonic Energy India Company Ltd-$
50. Patanjali Foods Ltd
51. The Phoenix Mills Ltd
52. The Phosphate Company Ltd
53. Pyxis Finvest Ltd
54. Quint Digital Ltd
55. R R Kabel Ltd
56. RattanIndia Power Ltd
57. Sahyadri Industries Ltd
58. Sammaan Capital Ltd
59. Scan Steels Ltd
60. Schaeffler India Ltd
61. Saint Gobain Sekurit India Ltd
62. Shriram Finance Ltd
63. Sicagen India Ltd
64. Sigma Solve Ltd
65. Spandana Sphoorty Financial Ltd
66. Strides Pharma Science Ltd
67. Steelcast Ltd
68. Swarna Securities Ltd
69. Tatva Chintan Pharma Chem Ltd
70. Teesta Agro Industries Ltd
71. Trustedge Capital Ltd
72. Vedanta Ltd
73. VL E-Governance & IT Solutions Ltd
74. Yaari Digital Integrated Services Ltd
75. Zenotech Laboratories Ltd
76. Zensar Technologies Ltd