JSW Steel reported Q3 revenue of ₹45,152 Crore and a net profit of ₹1,734 Crore. The company benefitted from improved steel realizations driven by the domestic infrastructure push. With capacity utilization above 90%, JSW Steel capitalized on strong demand in the sector. The metal sector anticipates further support from China’s import curbs, which could help sustain pricing power.

Ashok Leyland reported a steady Q2 FY26 net profit of ₹771 Crore, with stable revenue despite a slowdown in Medium and Heavy Commercial Vehicles (MHCV) due to the election cycle. The company saw consistent demand for its EV buses, signaling a transition in the commercial vehicle market. The overall commercial vehicle cycle continues to impact replacement demand.