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Vedanta, JLR, Banks Surge: Q2 Business Updates Reveal Strong Growth Across Sectors
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CNBC TV18•03-10-2026, 21:13
Vedanta, JLR, Banks Surge: Q2 Business Updates Reveal Strong Growth Across Sectors
- •Tata Motors' Jaguar Land Rover (JLR) saw wholesale volumes jump 24.5% YoY to 82,400 units in Q2, despite a 7.5% decline in retail sales.
- •Bank of India reported a 23.3% YoY increase in domestic deposits to ’9 lakh crore and a 17.7% rise in gross domestic advances.
- •Jammu & Kashmir Bank's total business grew 19.4% to ’3.10 lakh crore, with gross advances up 23.7% YoY.
- •Ujjivan Small Finance Bank recorded a 33.1% YoY increase in total disbursements to ’10,560 crore and a 29.2% rise in deposits.
- •Vedanta Power's sales surged 26% YoY to 5,593 million units, while Vedanta Aluminium achieved its highest-ever quarterly production of 649 KT.
Key Questions Answered
Tata Motors' Jaguar Land Rover (JLR) reported a 24.5% year-on-year increase in wholesale volumes to 82,400 units in the second quarter. However, retail sales declined by 7.5% year-on-year and 1.1% sequentially to 79,000 units.
Bank of India reported a 23.3% year-on-year increase in domestic deposits, reaching ₹9 lakh crore in the second quarter. Additionally, gross domestic advances rose by 17.7% year-on-year to ₹7.03 lakh crore, while total global business grew by 21.07% to ₹18.92 lakh crore.
Ujjivan Small Finance Bank reported a 33.1% year-on-year and 14.2% quarter-on-quarter rise in total disbursements, reaching ₹10,560 crore in Q2 FY27. Total deposits also grew by 29.2% year-on-year and 5.2% quarter-on-quarter to ₹50,649 crore.
