L&T logs record quarterly orders as Indian auto exporters surge
Larsen & Toubro secured orders worth ₹1.5 lakh crore in the latest quarter, driving double‑digit revenue and profit growth. In the same period, Maruti Suzuki India lifted its wholesale volume by 38 % year‑on‑year, expanding its market share to roughly 41 %. Bajaj Auto’s exports rose 41 % and TVS Motor Company shipped a record 540 000 units. Meanwhile, State Bank of India’s net interest margin improved by 11 basis points to 3.1 %, while HDFC Bank’s margin slipped to 3.2 %.
Key facts
- L&T’s order book reached ₹1.5 lakh crore, a quarterly record.
- Maruti Suzuki’s market share climbed to about 41 % after volume jump.
- Bajaj Auto’s export growth of 41 % reflects strong overseas demand.
- TVS Motor’s 540 000 exported units set a company record.
- SBI’s net interest margin rose to 3.1 % while HDFC Bank’s fell to 3.2 %.
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Why it matters
Strong export and order growth signal momentum in India’s manufacturing and banking sectors.
What changed
First published from The Economic Times