India Inc has had a good earnings season so far, with strong top-line growth only slightly dulled by margin pressure. Companies pushed through healthy volumes in the quarter, but not all could offset rising input costs with price increases, and operating margins have suffered as a result. Management commentary, however, points to robust demand. JSW Steel, which posted a 58% year-on-year jump in operating profit for the second quarter of FY27, plans to double capacity by FY32. UltraTech, coming off a good quarter, flagged an improving pricing environment. At Larsen & Toubro, order inflows are running ahead of guidance, and the order book has grown an encouraging 28% y-o-y to `8.6 lakh crore. Bankers, meanwhile, expect credit growth to hold strong at 14–15%.