Vodafone Idea, ONGC, Bajaj Finance Q2 Results 2025: Full Coverage and Market Expectations

As the Q2 FY2025 earnings season reaches its final stretch, major Indian corporates — Vodafone Idea, ONGC, and Bajaj Finance — are all set to announce their quarterly results today, November 10, 2025. Over 240 companies are slated to release their financials, making this one of the busiest reporting days of the quarter.

🔹 Key Highlights of Q2 Earnings Day (November 10, 2025)

According to reports from Mint, Economic Times, CNBC TV18, and Upstox, the following major companies will release their results today:

• Vodafone Idea Ltd. (Vi)

• Oil and Natural Gas Corporation (ONGC)

• Bajaj Finance Ltd.

• Solar Industries

• Ather Energy

• Reliance Power

• Gujarat Gas

• Jindal Stainless

• HUDCO

• KPIT Technologies

• KEC International

• Safari Industries

• Syrma SGS Technology

• WeWork India

• DOMS Industries

The market will be closely watching these announcements as they could set the tone for sectoral trends heading into the final quarter of the fiscal year.

🏦 Bajaj Finance Q2 FY2025 Results: What to Expect

Category: NBFC | Sector Sentiment: Positive but cautious

Bajaj Finance, one of India’s largest non-banking financial companies, has been under pressure due to rising competition from fintechs and moderating consumer lending demand. Analysts expect moderate loan book growth with steady net interest margins (NIMs).

🔸 Market Expectations:

• Net Profit: Likely between ₹3,500–₹3,800 crore (up 8–10% YoY)

• NII (Net Interest Income): Expected growth of 15–18% YoY

• Asset Quality: Stable with GNPA below 1.2%

• Loan Growth: Broad-based, led by consumer finance and rural segments

🔸 Key Focus Areas:

• Digital lending performance through the Bajaj Finance app

• Impact of interest rate normalization

• Commentary on festive season demand and rural credit growth

Upstox and Mint both note that Bajaj Finance remains a bellwether for India’s lending space, and its results often guide investor sentiment for other NBFC stocks.

🛢️ ONGC Q2 FY2025 Results: What to Expect

Category: Energy & Oil | Sector Sentiment: Mixed

State-run Oil and Natural Gas Corporation (ONGC) will be announcing its Q2 earnings amid volatility in global crude oil prices and higher exploration costs. While crude prices averaged higher YoY, margins may be affected by higher windfall taxes and subsidy sharing.

🔸 Market Expectations:

• Revenue: Around ₹1.45–₹1.55 lakh crore

• Net Profit: Expected between ₹13,000–₹14,500 crore (flat YoY)

• EBITDA Margin: Around 38–40%

• Production: Oil output stable, gas output slightly lower YoY

🔸 Key Focus Areas:

• Impact of windfall tax adjustments

• Dividend payout announcement (potential interim dividend)

• Exploration updates from KG Basin and Assam fields

Livemint reports that ONGC could benefit marginally from higher crude realizations, but elevated input costs may offset the gains.

📱 Vodafone Idea Q2 FY2025 Results: What to Expect

Category: Telecom | Sector Sentiment: Cautiously optimistic

All eyes are on Vodafone Idea (Vi) as it continues its battle to stay competitive against Jio and Airtel. Investors will be looking for signs of ARPU (Average Revenue Per User) improvement, subscriber stability, and clarity on 5G rollout and fundraising plans.

🔸 Market Expectations:

• Revenue: Likely around ₹10,600–₹10,800 crore (up 4–5% YoY)

• Net Loss: Estimated at ₹6,200–₹6,400 crore (narrowed marginally YoY)

• ARPU: Expected to rise slightly to ₹144–₹146

• Subscribers: May continue to show a small net loss but at a slower rate

🔸 Key Focus Areas:

• Fundraising and government equity conversion update

• 5G rollout timeline and network investments

• Tariff hike commentary and competition with Jio/Airtel

CNBC TV18 notes that Vodafone Idea’s management commentary on its financial restructuring plan will be the most important takeaway from today’s announcement.

🧩 Other Major Companies Reporting Today

According to BusinessLine and NewsX, other important Q2 results due today include:

• Ather Energy – Expected to show narrowing losses due to rising EV demand

• Gujarat Gas – Stable margins, mild volume growth

• Reliance Power – Focus on debt reduction and asset monetization progress

• KPIT Technologies – Strong growth in automotive software engineering

• Solar Industries – Demand driven by mining and defense orders

These results collectively represent a cross-section of India’s economy — from energy and finance to telecom and technology.

📊 Analyst View: Market Sentiment on Q2 FY2025

Market analysts expect steady performance across most sectors, with financials and technology leading growth, while telecom and energy may see pressure due to operational headwinds.

SectorOutlookKey DriversBanking & FinancePositiveFestive credit growth, digital expansionEnergy & OilNeutralVolatile crude prices, windfall tax impactTelecomMixedARPU growth vs debt stressTechnologyStrongAI-driven demand, export momentumManufacturingModerateRaw material cost and export orders

Business Standard highlights that Q2 earnings season has seen broad-based revenue growth of 11–12% YoY, but profit margins remain compressed for capital-intensive industries.

🧭 Investor Takeaways

1. Bajaj Finance results will set the tone for NBFCs and financial sector outlook.

2. ONGC’s performance will indicate how oil PSUs are navigating the global energy market.

3. Vodafone Idea’s update will be key for telecom investors looking for signs of revival.

4. Broader market reaction will depend on whether companies maintain profit growth momentum amid global uncertainty.

📰 Conclusion: All Eyes on the Q2 Scorecards

With over 240 companies releasing earnings on November 10, 2025, today’s trading session is likely to be volatile. The results from Vodafone Idea, ONGC, and Bajaj Finance will offer crucial insights into India’s economic resilience, consumer trends, and infrastructure growth.

Investors and analysts alike are watching closely to gauge how India Inc. is performing amid inflationary pressures, global economic shifts, and upcoming budget expectations.