Among the major ones are - Axis Bank, Kotak Mahindra Bank, Cipla, Ambuja Cement and Bajaj Finance.
Axis Bank is expected to report a strong quarter with profitability and interest income to garner double-digit growth coupled with contraction in provisions and improvement in asset quality during Q2.
For Kotak Bank, the profitability is expected to decline while some disappointment is also predicted in net interest income. Higher provisions and slippages will play a spoilsport in the quarter.
Double-digit growth is expected in Bajaj Finance's earnings with operating profit improving further along with a drop in provisions. The company's assets under management are expected to be healthy on the back of festive demand, while credit costs may fall in the quarter.
At around 11.13 am, on Sensex, Axis Bank was trading nearly 2% down, while Kotak Bank slipped over 1%. On the contrary, Bajaj Finance skyrocketed by nearly 2%.
Other major Q2 results for today are - ABB India, Birlasoft, Canara Bank, Central Bank of India, Torrent Pharmaceuticals, Cera Sanitaryware, Coromandel Engineering, Gati, Greaves Cotton, Jindal Stainless, Dr Lal PathLabs, Mahindra Lifespace Developers, Mahanagar Gas, Mangalore Refinery & Petrochemicals, Surya Roshni, Symphony and Persistent Systems.
Additionally, companies like Asahi Songwon Colors, Best Agrolife, Century Enka, Greenlam Industries, Hikal, IRB Infrastructure Developers, Meghmani Finechem, Meghmani Organics, Nippon Life India Asset Management, PI Industries, Sharda Cropchem, Shiva Cement, Triveni Turbine, Wabco India, and Zensar Technologies - are set to announce their Q2 earnings.