Q1 Results Today, August 3: SBI, Airtel, ONGC, Titan and 630 More Companies Open Their Books

Q1 results today mark the beginning of the busiest earnings week of FY27. If last month belonged to IT — TCS, Infosys, Wipro, HCL Tech setting the tone — this week belongs to everyone else. Over 630 companies are scheduled to announce their Q1 FY27 results between August 3 and 8, 2026, making this the single most important week of the Q1 results season. Banking, telecom, energy, FMCG, pharma, auto, real estate, financial services — every major sector of the Indian market will open its books this week.

For investors tracking the broader health of corporate India, Q1 today is the week that fills in all the gaps.

The Big Names Reporting This Week

The marquee names are spread across the week, with the heaviest concentration toward Wednesday and Thursday. Here's who matters most:

Banking & Financial Services: State Bank of India (SBI) — India's largest bank — is the most closely watched result of the week. LIC Housing Finance, PFC, and IREDA are also on the list. SBI Funds Management reports its maiden quarterly earnings as a listed entity today, August 3, after its July 21 listing.

Telecom: Bharti Airtel reports on August 4, and the market will be watching ARPU trajectory and 5G monetisation closely. Airtel posted a stellar Q1 FY26 — profit up 43%, revenue up 28.4% to ₹49,462 crore — and expectations are high for a strong follow-through in FY27.

Energy: ONGC and Oil India are on the list — both will be monitored for the impact of global crude prices on realisation and margins. Power Grid Corporation and NHPC round out the energy slate.

FMCG: Marico, Britannia Industries, and Trent are among the consumer names. Given Nestle's strong 48% profit jump last week, the bar for FMCG is now higher.

Pharma: Lupin and Biocon report this week — US generics pricing and domestic formulations growth will be the key metrics.

Others: Titan Company, Godrej Properties, Delhivery, Nykaa, DLF, Hero MotoCorp, Hindalco Industries, MCX, Escorts Kubota, Motherson, Pidilite Industries — the list goes on.

SBI Q1 Results: The Most Watched Number This Week

Of all the names reporting this week, SBI carries the most market weight outside of IT. India's largest public sector bank has been on a steady growth trajectory — NII, loan growth, and asset quality have all been moving in the right direction.

For Q1 FY27, the key things to watch are net interest margin (the difference between what SBI earns on loans and pays on deposits), slippage trends in the agriculture and SME portfolio, and any update on the bank's credit card and digital banking businesses. SBI reported ₹19,160 crore in PAT for Q1 FY26 — the Q1 FY27 number will set the benchmark for how much of that momentum has carried forward.

Bharti Airtel Q1 Results: All Eyes on ARPU and 5G

Bharti Airtel has been one of the best-performing large-cap stocks in India over the past two years, driven almost entirely by one thing: average revenue per user (ARPU) going up. Every time a consumer upgrades from a basic plan to a 5G plan, Airtel's revenue per subscriber increases — and that compounds over its 360+ million subscriber base into very significant revenue growth.

For Q1 FY27, the market is watching whether ARPU continues its upward trajectory and whether Airtel's Africa business, which has faced currency headwinds, is showing signs of stabilisation. Any update on 5G subscriber additions and Fixed Wireless Access penetration will also be a key conversation in the earnings call.

SBI Funds Management: First Results as a Listed Company

SBI Funds Management holds its board meeting and maiden earnings call today — the first since its July 21 listing. The company enters Q1 FY27 with quarterly average AUM of approximately ₹12.6 trillion as of June 30, 2026, and a 15.1% market share in the Indian mutual fund industry.

The key things investors will listen for: management's commentary on SEBI's new Mutual Fund Regulations 2026 and how the TER changes are flowing through to revenue yields, the health of the EPFO mandate (which represents 91.9% of SBIFM's PMS AUM), and any guidance on how the company plans to grow its active equity AUM mix from the current 43%. This is also the first-time management will address shareholders publicly since listing — tone, transparency, and strategic clarity matter as much as the numbers.

What Q1 FY27 Has Told Us So Far

With most of the large-cap IT companies already reported, here's what Q1 FY27 has established:

IT is back in growth mode, with AI revenue becoming a real and growing line item. TCS hit a $2.6 billion annualised AI revenue run rate, Infosys confirmed AI at 8.2% of revenue, and Coforge and Persistent Systems delivered outperformance. The sector's 52-week low in early July now looks like a turning point.

FMCG is genuinely firing. Nestle India's 48% profit jump was not a one-off — it reflects a broader consumption recovery playing out across urban and semi-urban India, supported by summer demand, quick commerce penetration, and premiumisation.

Banking is nuanced. HDFC Bank's NIM compression was the story that spooked the market — but the loan growth numbers, improving asset quality, and strong subsidiary performance painted a more constructive picture once investors looked beyond the headline. Whether SBI shows a cleaner margin story this week will be closely watched.

Why This Week Matters for Your Portfolio

The next five days will go a long way toward answering the question that every investor in India is trying to answer right now: is the Indian economy's growth momentum intact, or has the first half of 2026's global uncertainty left a mark on corporate earnings?

Given that SBI demonstrates robust loan growth and margins remain stable, provided ARPU at Airtel rises, provided FMCG companies like Marico and Britannia support the strength in print shown by Nestle, the story of an earnings recovery across Indian corporates will become quite clear. It is the sort of verification that would generally bring back both domestic and foreign investors to the market.

Stay tuned. This is the week that matters.

Disclaimer: This article is for informational and educational purposes only and does not constitute investment advice or a buy/sell recommendation. Please consult a SEBI-registered investment advisor before making any investment decisions.