Several major companies and banks will announce their second-quarter earnings on October 17, 2026. This includes leading private sector banks like HDFC Bank, ICICI Bank, and Axis Bank, as well as companies from various industries such as India Cements, ixigo, and Yes Bank. Public sector lenders and other firms will also release their financial results, providing a comprehensive view of the economic landscape for the quarter.
- Federal Bank reported a 45.1% increase in profit after tax for Q2.
- Net interest income of Federal Bank rose by 26.4% year-on-year.
- Asset quality improved with a decline in gross and net non-performing assets.
- Other companies like Bajaj Finance, Infosys, and JSW Steel will also announce earnings next week.
Which banks are releasing Q2 earnings on October 17?
On October 17, several banks will publish their second-quarter financial results. These include private sector banks such as HDFC Bank, ICICI Bank, Axis Bank, and Yes Bank. Public sector banks like Central Bank of India and Punjab and Sind Bank will also report their earnings. These results will provide insights into the banking sector's performance amid current economic conditions.
What notable financial results did Federal Bank report for Q2?
Federal Bank announced a significant increase in its standalone profit after tax, rising by 45.1% to ₹1,386.09 crore in the quarter ended September 2026. This is up from ₹955.26 crore in the same period the previous year. The bank's net interest income (NII) also grew by 26.4% year-on-year, reaching ₹3,153.40 crore compared to ₹2,495.24 crore in Q2 FY26.
How did Federal Bank's asset quality change in Q2?
Federal Bank's asset quality improved during the quarter. Its gross non-performing assets (GNPA) decreased by 20 basis points quarter-on-quarter to 1.32%, down from 1.52% in the previous quarter. The net non-performing assets (NNPA) also declined slightly by 1 basis point to 0.17% compared to 0.18% in the prior quarter.
What did Federal Bank's CEO say about the quarter's performance?
KVS Manian, Managing Director and CEO of Federal Bank, highlighted that the quarter marked several milestones for the bank. He noted the highest-ever profit, a total business franchise exceeding ₹6.4 lakh crore, and advances crossing ₹3 lakh crore. He also mentioned that the bank enters the second half of the year with a strong capital position, a granular balance sheet, and good momentum in its core business.
Which other companies will report earnings next week?
Besides the banks and companies reporting on October 17, other major firms are scheduled to announce their quarterly results in the coming week. These include Bajaj Finance, Eternal, Hindustan Zinc, UltraTech Cement, Hindustan Petroleum Corporation, Havells India, Infosys, JSW Steel, Kotak Mahindra Bank, Indian Hotels Company, Mahindra and Mahindra Financial Services, and Swiggy. These reports will provide further insights into various sectors of the economy.
