India Inc's second-quarter (Q2 FY27) earnings season officially begins on October 8, 2026, with several major companies set to announce their September quarter results. This period is crucial for investors and market watchers as it provides insights into corporate performance and economic trends.
- TCS and other IT firms expect slight margin improvements and report AI-related revenues.
- Eveready Industries enters the mosquito protection market with a new product.
- Jubilant FoodWorks reports revenue growth and store expansion.
- PC Jeweller achieves 28% revenue growth and becomes debt-free.
- Senco Gold shows strong sales growth supported by festive and wedding demand.
- Tata Power partners with Norway’s Ocean Sun for floating solar technology.
- Ola Electric announces a rights issue at a discounted price.
- BPCL forms a joint venture to produce advanced bitumen products.
- HCLTech expands in South Africa with a new AI Centre of Excellence.
- BGR Energy Systems restructures debt to improve financial health.
- Adani Energy Solutions acquires a power transmission project.
- Tata Steel reports increased steel production and deliveries.
What companies are announcing earnings today?
Several companies are releasing their Q2 FY27 results, including TCS, GM Breweries, Grand Oak Canyons Distillery, Onix Solar Energy, Lotus Chocolate Company, KR Rail Engineering, and Ind Bank Housing. These announcements mark the start of the earnings season and provide important financial updates.
How are IT companies performing this quarter?
Tier-one IT services firms like TCS, Infosys, and HCLTech are expected to see slight margin improvements. Mid-tier companies are maintaining their margins while managing merger and acquisition costs. Notably, companies have begun reporting AI-related revenues, with Infosys attributing 8.2% of its revenue to AI and TCS reporting $2.6 billion in annualized AI revenue.
What new products and business moves are companies making?
Eveready Industries has launched a portable liquid vaporiser for mosquito protection, aiming for ₹100 crore in revenues within three years. Tata Power has partnered with Norway’s Ocean Sun to introduce floating solar technology in India. BPCL has formed a joint venture with Shell and Tiki Tar Industries to produce specialized bitumen products for infrastructure projects.
How are consumer-focused companies performing?
Jubilant FoodWorks reported an 11.9% year-on-year increase in consolidated revenue to ₹2,608.7 crore, with domestic business growing 11.6%. The company expanded its store count by 88 new outlets. PC Jeweller achieved 28% revenue growth and cleared all its debts, signaling strong consumer demand. Senco Gold experienced 29% revenue growth at the retail level, driven by wedding and festive demand.
What are the recent developments in the energy and infrastructure sectors?
Tata Power is piloting a 300 kWp floating solar project in Maharashtra. Ola Electric announced a rights issue priced 26% below market value to raise ₹1,000 crore. BGR Energy Systems signed a debt restructuring agreement to manage ₹3,736 crore in outstanding debt. Adani Energy Solutions acquired a power transmission special purpose vehicle from PFC Consulting.
How is Tata Steel performing this quarter?
Tata Steel reported an 8% quarter-on-quarter and 10% year-on-year increase in crude steel production, reaching 6.21 million tons in Q2. Deliveries rose 15% quarter-on-quarter and 7% year-on-year, supported by a strong product mix and steady demand despite seasonal rains.
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Readers should consult financial advisors before making investment decisions.
