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Monday, October 13, 2025

Axis Bank, Infosys, JSW Steel: 10 Companies Announcing Results Next Week

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Axis Bank, Infosys Among 10 Major Companies Announcing Quarterly Results Next Week

Investors will closely monitor quarterly earnings announcements from ten prominent companies across diverse sectors next week, offering crucial insights into corporate performance and broader market trends. The lineup includes major players from IT services, banking, wealth management, manufacturing, and consumer goods sectors, providing a comprehensive view of India's economic landscape.

October 13: IT Services and Wealth Management

HCL Technologies Limited

HCL Technologies, a prominent global IT services provider, will announce its quarterly results on October 13, 2025. The company assists enterprises worldwide in digital transformation through comprehensive software services, business process outsourcing, and infrastructure solutions.

With a market capitalization of Rs 4,05,055.22 crore, HCL Technologies shares closed at Rs 1,492.65, gaining 0.42% from the previous session. Investors will watch for commentary on demand trends, deal wins, and margin performance in the technology services sector.

Anand Rathi Wealth Limited

Also reporting on October 13, Anand Rathi Wealth Limited specializes in wealth management and financial product distribution. The company serves High Net Worth Individuals and Ultra HNI clients with innovative financial products and investment solutions.

With a market cap of Rs 24,573.69 crore, shares closed at Rs 2,959.95, up 0.35%. As one of few dedicated wealth management firms in India, its results will provide insights into affluent investor sentiment and wealth management trends.

October 14: Technology Consulting Specialists

Tech Mahindra Limited

Tech Mahindra, a leading provider of consulting-driven IT and IT-enabled services, will report earnings on October 14, 2025. The company primarily serves telecom equipment manufacturers, service providers, IT infrastructure firms, and BPO service providers.

Commanding a market capitalization of Rs 1,42,746.72 crore, Tech Mahindra shares closed at Rs 1,457.25, declining 0.62%. Market participants will focus on the telecom sector's digital transformation spending and the company's margin trajectory.

Persistent Systems Limited

Persistent Systems, a digital engineering and enterprise modernization partner, will announce results on October 14. The company leverages extensive technical expertise to provide solutions throughout the product lifecycle, creating competitive advantages for clients.

With a market cap of Rs 83,814.76 crore, shares closed at Rs 5,359, gaining 0.29%. Investors will assess the company's growth in software product engineering and client additions across key verticals.

October 15: Banking and Infrastructure Finance

Axis Bank Limited

Axis Bank, India's third-largest private sector bank, will report quarterly performance on October 15, 2025. The bank provides comprehensive financial services across corporate, MSME, agricultural, and retail customer segments, offering retail banking, corporate banking, and treasury operations.

With a substantial market capitalization of Rs 3,66,170.75 crore, Axis Bank shares closed at Rs 1,180.10, advancing 1.08%. Key metrics to watch include net interest margins, asset quality indicators, loan growth, and deposit mobilization trends.

Indian Railway Finance Corporation Limited

Also announcing on October 15, Indian Railway Finance Corporation serves as the dedicated borrowing arm of Indian Railways. The company raises funds from financial markets to acquire or create assets leased to Indian Railways, primarily financing rolling stock including locomotives, coaches, and wagons.

With a market cap of Rs 1,65,251.26 crore, IRFC shares closed at Rs 125.45, up 1.16%. Results will shed light on the government's infrastructure investment priorities and railway modernization progress.

October 16: IT Giant and FMCG Leader

Infosys Limited

Infosys, a global technology services powerhouse, will announce earnings on October 16, 2025. As a leading provider of consulting, technology, outsourcing, and digital services, Infosys helps clients execute digital transformation strategies across industries.

Boasting a massive market capitalization of Rs 6,29,080.22 crore, Infosys shares closed at Rs 1,514.25, gaining 0.32%. The results will be closely scrutinized for guidance on revenue growth, deal pipeline strength, and margin outlook amid global economic uncertainties.

Nestle India Limited

Nestle India, a dominant FMCG sector player, will report on October 16. The company operates across Milk Products & Nutrition, Prepared Dishes & Cooking Aids, Beverages, and Confectionery categories with iconic brands including Nescafé, Maggi, Milkybar, Kit Kat, and Milkmaid.

With a market cap of Rs 2,31,349.51 crore, shares closed at Rs 1,199.75, up 1.03%. Investors will monitor volume growth, pricing power, rural market recovery, and raw material cost pressures affecting margins.

October 17: Manufacturing Heavyweights

JSW Steel Limited

JSW Steel, a leading Indian steel manufacturer and JSW Group flagship, will announce results on October 17, 2025. The company produces diverse flat and long steel products serving construction, infrastructure, automotive, and engineering sectors.

With a market capitalization of Rs 2,85,641.25 crore, JSW Steel shares closed at Rs 1,168.05, declining 0.68%. Key focus areas include steel prices, production volumes, capacity utilization, and demand trends across end-user industries.

Polycab India Limited

Rounding out the week on October 17, Polycab India leads in electrical products and cables. The company manufactures wires, cables, electrical goods, and solar products, serving industrial, infrastructure, and residential customers with emphasis on quality and innovation.

With a market cap of Rs 1,16,312.98 crore, Polycab shares closed at Rs 7,726.90, gaining 1.28%. Results will provide insights into infrastructure spending, real estate sector health, and renewable energy adoption trends.

Sectoral Representation and Market Significance

The diverse sectoral representation in next week's results calendar offers investors comprehensive insights:

  • IT Services (4 companies): Technology sector health and global spending trends
  • Banking & Finance (2 companies): Credit growth and financial system stability
  • Manufacturing (2 companies): Industrial activity and infrastructure demand
  • FMCG (1 company): Consumer sentiment and rural recovery
  • Wealth Management (1 company): HNI investment trends

Key Themes to Monitor

IT Sector Performance

With four major IT companies reporting, investors will assess demand environment, pricing pressures, margin sustainability, and commentary on artificial intelligence opportunities. Any divergence in performance or guidance could signal sectoral shifts affecting broader technology investments.

Banking Sector Health

Axis Bank's results will provide crucial insights into credit growth momentum, asset quality trends, net interest margin pressures, and deposit competition. These metrics offer early indicators of economic activity and financial system stability.

Manufacturing Demand

JSW Steel and Polycab India's results will reveal infrastructure investment momentum, real estate sector recovery, and industrial capital expenditure trends—critical leading indicators for economic growth.

Consumer Demand Patterns

Nestle India's performance will illuminate urban and rural consumption trends, premium product adoption, and pricing power amid inflationary pressures—offering insights into household economic health.

Market Impact Considerations

Quarterly results influence stock prices through several channels:

  • Earnings Surprises: Results significantly above or below expectations trigger immediate price reactions
  • Management Commentary: Forward guidance shapes medium-term outlook and valuations
  • Sectoral Trends: Results reveal industry-wide patterns affecting peer companies
  • Margin Trends: Operating leverage and cost management signal profitability sustainability

Investment Strategy Implications

Investors should consider multiple factors when interpreting results:

  • Year-on-Year Comparisons: Assess growth quality and sustainability
  • Sequential Trends: Identify momentum shifts and seasonality patterns
  • Management Outlook: Evaluate confidence levels and strategic priorities
  • Valuation Context: Determine if results justify current price levels
  • Sectoral Context: Compare performance against industry benchmarks

Risk Factors and Cautions

Several considerations warrant investor attention:

  • Global economic uncertainties affecting multinational operations
  • Currency fluctuations impacting exporters and importers
  • Commodity price volatility affecting input costs
  • Regulatory changes influencing specific sectors
  • Geopolitical tensions disrupting supply chains

Preparing for Earnings Week

Investors can optimize earnings season navigation by:

  • Reviewing consensus estimates and key metrics to watch
  • Understanding each company's business model and revenue drivers
  • Monitoring management conference calls for qualitative insights
  • Comparing results against peer performance and guidance
  • Maintaining disciplined position sizing and risk management

Conclusion

Next week's earnings calendar features prominent companies representing India's economic diversity. From technology giants to banking leaders, manufacturing powerhouses to consumer goods champions, these results will provide valuable insights into corporate health and economic momentum.

Investors should approach earnings season with balanced perspective—recognizing that quarterly results represent snapshots rather than complete stories. Long-term investment success depends on understanding underlying business quality, competitive positioning, and management execution capability beyond single-quarter performance.

As always, individual results should be evaluated within broader market context, considering valuations, sector trends, and macroeconomic conditions before making investment decisions.

Disclaimer: The views and investment tips expressed in this article are for informational purposes only and do not represent financial advice. The views expressed are those of the sources cited and not necessarily those of this website or its management. Investing in equities or other financial instruments carries the risk of financial loss. Readers must exercise due caution and conduct their own research before making any investment decisions. We are not liable for any losses incurred as a result of decisions made based on this article. Please consult a qualified financial advisor before making any investment.

N Chandrasekaran Gets Historic Third Term as Tata Chairman: Breaking Retirement Policy

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N Chandrasekaran Receives Historic Third Term as Tata Chairman: Breaking Retirement Precedent

In an unprecedented move marking a significant departure from established policy, Tata Trusts has approved a third executive term for N Chandrasekaran, chairman of Tata Sons. This historic decision breaks the conglomerate's long-standing retirement norms and underscores the importance of leadership continuity for critical strategic initiatives including semiconductor manufacturing, electric vehicle batteries, and Air India's transformation.

Breaking a Century-Old Tradition

The approval represents the first time in Tata Group's distinguished history that an executive will remain in an active leadership role beyond the retirement threshold. Under existing group rules, executives are expected to step down from such positions at age 65, though they may continue in non-executive capacities until 70.

Chandrasekaran will reach 65 when his current second term concludes in February 2027. The decision to grant him a third five-year executive term extends his leadership through 2032, ensuring continuity during a transformative period for India's largest conglomerate.

Strategic Rationale Behind Extension

According to sources familiar with the matter, the decision stemmed from recognition that executive leadership is essential to see through several critical projects:

  • Semiconductor Manufacturing: Tata Electronics' ambitious entry into chip production
  • EV Battery Production: Development of gigafactories in India and the UK
  • Air India Transformation: Complete overhaul following the airline's return to Tata ownership
  • Digital Integration: Consolidation of e-commerce and digital platforms
  • Defense and Aviation: Strategic expansion in critical sectors

These initiatives represent multi-year commitments requiring consistent strategic vision and execution capability that leadership continuity can provide.

Trusts Resolution and Formal Process

Highly placed executives revealed that Noel Tata and Venu Srinivasan proposed the historic third five-year executive term at the Tata Trusts meeting on September 11. The resolution emphasizing the importance of continuity for the group's ongoing business transformation received unanimous approval.

The Trusts resolution has been forwarded to Tata Sons for consideration. Following standard procedures, the formal decision will be made in February 2026—one year before the current term expires—by Tata Trusts, which controls 66% of Tata Sons, the holding company of the sprawling conglomerate.

Navigating Complex Challenges

The extension comes during a particularly complex phase for the Tata Group, marked by internal deliberations and external pressures. A rift has emerged within Tata Trusts regarding whether Tata Sons should remain privately held, with some trustees reconsidering a July resolution favoring private status.

Against this backdrop, Chandrasekaran's continued executive leadership is viewed as crucial for steering the group through structural and strategic challenges while maintaining operational momentum across diverse businesses.

Expert Perspectives on the Decision

Industry observers note that while the extension appears unconventional, it reflects practical considerations given the group's current trajectory. Consulting firm Katalyst Advisors' managing director Ketan Dalal observed that the decision, though unusual, is not entirely unexpected given the crucial juncture facing the conglomerate.

The Tata Group currently navigates multiple complex challenges including operational issues at Air India, rising geopolitical tensions affecting global operations, and increasing market pressure surrounding a potential Tata Sons initial public offering. Simultaneously, the group is making substantial investments in strategic growth areas such as semiconductors, defense, and aviation.

Impressive Track Record

Chandrasekaran's tenure has been marked by significant financial and operational achievements. A Tata Consultancy Services veteran, he first joined the Tata Sons board in October 2016 and was appointed chairman in January 2017. He received his second five-year term in February 2022.

Financial Performance Highlights

Under his leadership, the Tata Group has achieved remarkable growth metrics:

  • Revenue Growth: Nearly doubled over the past five years
  • Net Profit: More than tripled during the same period
  • Capital Deployment: Invested ₹5.5 lakh crore in strategic initiatives
  • FY25 Revenue: ₹15.34 lakh crore across listed and unlisted entities
  • FY25 Net Profit: ₹1.13 lakh crore
  • Tata Sons Net Worth: Increased to ₹1.49 lakh crore from ₹43,252 crore in 2018

Recent Market Challenges

Despite the strong operational performance, the group has faced market headwinds recently. Over the past year, the conglomerate's market capitalization has declined by nearly ₹6.9 lakh crore to ₹26.5 lakh crore as of October 10, 2025.

This decline has been primarily driven by approximately 30% drop in the share price of Tata Consultancy Services—the largest company in the Tata stable and a bellwether for the group's valuation. The TCS stock correction reflects broader concerns about the IT services sector amid economic uncertainties.

Major Strategic Initiatives

New Business Ventures

Chandrasekaran's leadership has seen the establishment of several new businesses capitalizing on emerging opportunities:

  • Tata Electronics: Entry into electronics and semiconductor manufacturing, assembly, and testing
  • Tata Digital: Omni-channel platform featuring Tata Neu app
  • Retail Expansion: Croma (electronics), BigBasket (grocery), Tata 1mg (pharmacy and diagnostics), Tata Cliq (fashion)

Aviation Sector Transformation

The return of Air India to Tata ownership after 69 years represents one of the most significant developments during Chandrasekaran's tenure. The group subsequently merged Vistara with Air India and integrated AirAsia India with Air India Express, creating a unified aviation platform.

Technology and Infrastructure

Strategic acquisitions and greenfield investments include:

  • Acquisition of Tejas Networks for telecommunications capabilities
  • Development of indigenous mobile network stack
  • Establishment of battery gigafactories in India and the United Kingdom
  • Semiconductor manufacturing facilities under development

Significance of the Precedent

The decision to extend Chandrasekaran's tenure beyond the traditional retirement age establishes an important precedent. Even Noel Tata, who proposed the extension, stepped down from executive responsibilities at 65 while continuing as non-executive chairman at various Tata entities—following the established norm.

The waiver of this policy specifically for Chandrasekaran signals extraordinary circumstances and exceptional confidence in his leadership capabilities during this critical transformation phase.

Ensuring Stability Amid Change

The Trusts' decision represents a strong endorsement of Chandrasekaran's leadership and reflects the desire to ensure stability amid complex shareholder and structural shifts affecting the conglomerate. The timing is particularly significant given:

  • Ongoing debates about Tata Sons' public versus private status
  • Major capital commitments in new technology sectors
  • Integration challenges from recent acquisitions
  • Global economic uncertainties affecting operations
  • Need for consistent strategic direction across diverse businesses

Industry Implications

The decision may influence succession planning and retirement policies at other major Indian conglomerates. It demonstrates that rigid age-based retirement rules can be reconsidered when strategic circumstances warrant experienced leadership continuity.

However, it also raises questions about succession planning and leadership development—ensuring that eventual transitions occur smoothly whenever they take place.

Looking Ahead

With formal approval expected in February 2026, Chandrasekaran will have clarity to pursue long-term strategic initiatives without concerns about imminent leadership transitions. This stability should benefit major projects requiring sustained attention and decision-making continuity.

The semiconductor ventures, battery manufacturing facilities, and Air India transformation each represent multi-billion-dollar commitments requiring years to reach maturity. Having consistent leadership through critical development phases could prove decisive for these initiatives' success.

Stakeholder Perspectives

For various stakeholders, the extension carries different implications:

  • Shareholders: Continuity in strategic direction and execution
  • Employees: Leadership stability during organizational changes
  • Business Partners: Predictability in long-term relationships
  • Government: Reliable counterpart for strategic sector initiatives
  • Investors: Confidence in experienced leadership managing transformation

The unanimous approval from Tata Trusts suggests broad consensus that the benefits of leadership continuity outweigh concerns about departing from established retirement norms in this exceptional case.

Disclaimer: The views and investment tips expressed in this article are for informational purposes only and do not represent financial advice. The views expressed are those of the sources cited and not necessarily those of this website or its management. Investing in equities or other financial instruments carries the risk of financial loss. Readers must exercise due caution and conduct their own research before making any investment decisions. We are not liable for any losses incurred as a result of decisions made based on this article. Please consult a qualified financial advisor before making any investment.