The second-quarter (Q2 FY2025) earnings season is heading into its final week, with nearly 2,500 companies slated to release their financial results in the coming days. Several major names, including Vodafone Idea, Oil and Natural Gas Corporation (ONGC), SJVN, Rail Vikas Nigam, Bharat Forge, Hindustan Aeronautics, IRCTC, Hero MotoCorp, and Tata Motors Passenger Vehicles, will be in focus as they unveil their September quarter performance.
Vodafone Idea Q2 Preview
According to JM Financial, Vodafone Idea is expected to post a net loss of ₹6,823.5 crore for the quarter ended September 2025, compared to a loss of ₹7,175.9 crore in the same quarter last year and ₹6,608.1 crore in the previous quarter.
Revenue is projected to rise 1.7% year-on-year to ₹11,115 crore from ₹10,932.2 crore, and 0.8% sequentially from ₹11,022.5 crore. Analysts believe that while operational improvements are ongoing, the telecom giant continues to face financial pressures from its debt load and capital constraints.
ONGC Q2 Preview
For Oil and Natural Gas Corporation (ONGC), JM Financial forecasts a 2% decline in EBITDA (quarter-on-quarter) due to higher operating expenses. However, the company is expected to benefit from higher crude and gas realizations and increased production volumes during the period.
The brokerage has reiterated a ‘Buy’ rating on ONGC stock, with a revised target price of ₹285, citing strong fundamentals and improving profitability outlook.
Companies Announcing Results (Nov 10 – Nov 14, 2025)
November 10
Ather Energy Ltd., Bajaj Consumer Care Ltd., Bajaj Finance Ltd., Cello World Ltd., Emami Ltd., Hinduja Global Solutions Ltd., HUDCO Ltd., Vodafone Idea Ltd., Jindal Stainless Ltd., KPIT Technologies Ltd., Navneet Education Ltd., ONGC Ltd., Reliance Power Ltd., RPSG Ventures Ltd., SJVN Ltd., Sun Pharma Advanced Research Co. Ltd., Spencers Retail Ltd., Sula Vineyards Ltd., Syrma SGS Technology Ltd., Tourism Finance Corp. of India Ltd., V-Mart Retail Ltd., WeWork India Management Ltd.
November 11
Anlon Healthcare Ltd., Artemis Medicare Services Ltd., Atul Auto Ltd., Bajaj Finserv Ltd., Bajaj Holdings & Investment Ltd., Belrise Industries Ltd., Bharat Forge Ltd., Biocon Ltd., Bosch Ltd., Container Corp. of India Ltd., Finolex Cables Ltd., Fortis Healthcare Ltd., Godrej Industries Ltd., Gujarat State Fertilizers & Chemicals Ltd., Hindustan Copper Ltd., Max Financial Services Ltd., National Fertilizers Ltd., Rail Vikas Nigam Ltd., Tata Power Co. Ltd., Thermax Ltd., Torrent Power Ltd., Yatra Online Ltd.
November 12
3i Infotech Ltd., Ashok Leyland Ltd., Asian Paints Ltd., CARE Ratings Ltd., Cochin Shipyard Ltd., General Insurance Corporation of India, Gujarat Narmada Valley Fertilizers & Chemicals Ltd., Hindustan Aeronautics Ltd., IRCON International Ltd., IRCTC Ltd., Pfizer Ltd., SpiceJet Ltd., Tata Steel Ltd., Zee Media Corporation Ltd.
November 13
Bharat Dynamics Ltd., Hero MotoCorp Ltd., Marksans Pharma Ltd., Matrimony.com Ltd., Max India Ltd., The New India Assurance Co. Ltd., Titagarh Rail Systems Ltd., Voltas Ltd.
November 14
Dish TV India Ltd., Engineers India Ltd., Exide Industries Ltd., Glenmark Pharmaceuticals Ltd., Godawari Power and Ispat Ltd., Marico Ltd., Oil India Ltd., Tata Motors Passenger Vehicles Ltd., V2 Retail Ltd.
The coming week’s results will mark the conclusion of India’s Q2FY25 earnings season, offering deeper insights into corporate performance amid a period of rising inflationary pressures, volatile crude prices, and fluctuating consumer demand.
Investors will also be watching inflation data and macroeconomic indicators, both expected to play a crucial role in shaping near-term stock market sentiment.