Mumbai, Feb 4, 2026, 15:35 IST
- Bajaj Finserv reported a flat profit for the December quarter, even as revenue rose roughly 24%.
- On Feb. 4, over 140 Indian companies, including Trent and Tata Power, are set to release their earnings.
- Following a rally sparked by trade deal optimism, markets steadied while IT stocks slid amid a widespread tech sell-off.
Bajaj Finserv’s profit in the December quarter remained nearly flat, despite a sharp revenue increase, marking the start of a busy earnings day for lenders, retailers, and utilities across India. Indiatimes
Timing is crucial. Investors are sifting through one-off costs to pinpoint the true direction of demand and credit, amid reactions to a U.S.-India trade deal and renewed swings in tech stocks.
Over 140 companies are set to report earnings on Wednesday, with names like Tata Power, Trent, NHPC, Cummins India, and Apollo Tyres in the mix. This adds to an already packed week for Indian markets. Business Standard
India’s benchmark indexes barely moved in morning trading, following their best day in nine months. Gains across most sectors were offset by a sharp drop in IT stocks. “Sustainability of the rise hinges on details of the trade deal,” said Dhananjay Sinha, CEO and co-head of institutional equities at Systematix Corporate Services. Reuters
Bajaj Finserv posted revenue of 39,708 crore rupees and a net profit of 2,229 crore rupees (with 1 crore equal to 10 million rupees), but flagged a one-time charge linked to new labour codes, NDTV Profit reported. Live updates also showed Emcure Pharmaceuticals’ profit jumping about 50% to 231 crore rupees. By contrast, Westlife FoodWorld’s profit plunged roughly 85%, down to about 1 crore rupees. Ndtvprofit
Upstox noted that a slew of companies will report earnings throughout the day, including Trent, Tata Power, Cummins India, NHPC, Tube Investments of India, Hexaware Technologies, and Force Motors. Upstox
Within the broader Bajaj group, Bajaj Finance announced a 6% dip in profits on Tuesday. The decline came after the company increased provisions and set a minimum loss-given-default threshold, which estimates potential losses if a borrower defaults. “It’s purely done as a proactive and voluntary measure,” Vice Chairman and Managing Director Rajeev Jain said during the post-earnings call. Reuters
Lenders are also watching the rate environment closely. India’s central bank is widely expected to hold policy rates steady this Friday, as focus shifts to how previous cuts are impacting borrowing costs. “The U.S.-India trade deal further bolsters the case for the RBI keeping rates unchanged this week,” said Dhiraj Nim, an economist at ANZ Bank. Reuters
Brokerages are zeroing in on same-store sales and margins at Trent, the company behind Westside and Zudio, following a year of rapid expansion. Business Today referenced forecasts projecting Trent’s December-quarter profit growth between the high teens and low 20s, while sales are expected to climb in the mid-to-high teens. Businesstoday
Brokerages expect Tata Power’s profit to dip compared to last year, citing ongoing losses at its Mundra plant. They’re also keeping an eye on the company’s renewables segment and how well it’s managing execution at its solar unit. Businesstoday
Beyond the big names, the restaurant sector reveals a patchy consumer landscape. Westlife Foodworld, the McDonald’s franchise operator in western and southern India, saw its quarterly profit plunge by more than 85%. The drop reflects mounting pressure from local eateries and cloud kitchens, plus a one-off labour-law expense. Reuters
Devyani International, the operator behind KFC and Pizza Hut in India, announced that CFO Manish Dawar will take over as CEO starting April 1, succeeding Virag Joshi. The company also reported an 11% jump in quarterly revenue, driven by discounted menu offers that boosted customer traffic. Reuters
Still, the day’s numbers arrive into a market ruled by headlines. The U.S.-India deal remains unsettled, IT stocks are slipping amid worries new AI tools might curb outsourcing, and labor-code issues are cropping up in earnings across industries.
