Q2 results today: Maruti Suzuki, Vedanta, BEL, BPCL, GAIL among companies to declare earnings on Friday — 31 Oct 2025

Q2 results today: Around 70 companies are all set to announce their September quarterly results today, Friday, October 31. Maruti Suzuki, Vedanta, Bharat Electronics (BEL), Bharat Petroleum Corporation (BPCL), GAIL, Shriram Finance, Bank of Baroda, are among the top companies that will announce their second-quarter earnings today.

It has been an earnings-packed week for Dalal Street as over 300 companies were scheduled to declare their Q2 FY26 results.

“The ongoing Q2FY26 results season will continue to shape market direction, with several major companies scheduled to release their financials. These results will provide a clearer picture of sectoral trends and corporate profitability ahead of the festive quarter,” said Ajit Mishra, SVP — Research, Religare Broking Ltd.

Maruti Suzuki Q2 Preview

Maruti Suzuki is expected to post a double-digit rise in Q2 profit, while revenue could see a growth in low single digits amid an increase in volumes.

Axis Securities expects the EBITDA margin to decline by ~154 bps YoY due to negative operating leverage, higher personnel costs due to wage revision, higher marketing and advertisement spends, and forex costs, which are being partly offset by increased sales of CNG vehicles and exports.

In the previous quarter of the current financial year, the Indian auto major noted that the domestic passenger vehicle sector experienced continued weak demand during the April to June 2025. The Company faced a 4.5% drop in domestic sales, but this was offset by a significant 37.4% rise in exports, leading to a total sales volume increase of 1.1% compared to the same quarter last year.

BPCL Q2 Preview

Brokerages see a strong year-on-year growth for OMCs, including Bharat Petroleum Corporation Limited (BPCL), driven by a low base, even though the performance could moderate sequentially.

KIE pegs Q2 profit for BPCL at ₹2397 crore, a growth of 53% YoY, while revenue could rise 6.3% YoY to ₹102790 crore. Both figures could decline on a QoQ basis, said the brokerage. "With likely lower adventitious losses QoQ, and stronger diesel cracks, GRMs should be better. But, with no retail price change, higher diesel cracks, and weaker INR, marketing earnings will likely be lower," KIE said.

Maharatna public sector undertaking (PSU) — BPCL — posted a nearly threefold jump in its net profit for the first quarter of the financial year 2025-26 (FY26). BPCL's consolidated net profit for the April-June quarter stood at ₹6,839.02 crore, up 140.67% year-on-year, compared with ₹2,841.55 crore in the corresponding quarter last year.

The consolidated revenue from operations came in at ₹1,29,614.69 crore in Q1 FY26, as against ₹1,28,106.39 crore in the same period last year, recording a growth of just 1% YoY.

BEL Q2 Preview

Nuvama Research expects profit to grow 20% YoY to ₹1164 crore, with revenue growth pegged at 19.5% YoY.

The brokerage also expects a pickup in execution (versus only ~5% YoY growth in Q1FY26 due to geopolitical issues) for BEL on the back of ~ ₹75000 crore backlog with margins comfortably attainable at ~28% levels driven by higher operational efficiency and localisation levels.

During the quarter ending June 2025, Bharat Electronics' net profit at ₹969.13 crore marked a strong 24.86% increase over the ₹776.14 crore reported by the company during the year-ago quarter.

The reported revenues from operations at ₹4416.83 were up 5.2% year-on-year compared to ₹4198.77 crore in the year-ago quarter.

Bank of Baroda Q2 Preview

Bank of Baroda's Q2 performance could remain weak YoY, with Axis Securities eyeing a 21% YoY fall in profit to ₹4118 crore, while NII could moderate by 3% to ₹11,263 crore.

The PSU bank reported a 1.8 per cent year-on-year rise in its standalone net profit for Q1FY26, at ₹4,541.3 crore compared to ₹4,458 crore in the same period last year.

The total interest income rose 4.9 per cent to ₹31,091 crore in the first quarter of the financial year ended 2025-26, from ₹29,628 crore in the same period of the previous year.

The bank's net interest income (NII) fell nearly 1.4 per cent year-over-year, reaching ₹11,435 crore in the June quarter, from ₹11,600 crore a year earlier.

ACC Q2 Preview

Driven by better revenue, ACC could record over 80% YoY rise in Q2 profit. Axis Securities pegs ACC's Q2 PAT at ₹370 crore, up 85% YoY. Meanwhile, it sees revenue rising by 13% YoY to ₹5197 crore, owing to higher realisation and volume.

The Adani Group company's consolidated net profit rose 4.35% to ₹375.42 crore in Q1FY26 as against ₹359.74 crore in the same period last year. Sequentially, the profit declined 50% from ₹751.04 crore in the March quarter.

The consolidated revenue of the company increased 18% to ₹6,035.11 crore in the June 2025 quarter from ₹5,113.05 crore in Q1FY25 in the quarter under review.

EBITDA for the quarter rose 22.6% year-on-year to ₹727 crore, compared to ₹593 crore in the same period last year. The EBITDA margin also improved, coming in at 12.1% versus 11.6% a year ago, indicating better operational efficiency.

Here's a list of companies to declare Q2 results on Friday, October 31, 2025 -

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