PRE-MARKET INDIAN STOCK NEWS

India

Adani Power (ADANIPOWER IS) – The NCLAT has upheld the Co.’s INR 40bln resolution plan for Vidarbha Industries Power Limited (VIPL), dismissing appeals. (CNBC)

CEAT Ltd. (CEATLTD IS) – Q3 (INR): Consolidated net profit 1.56bln, +60% Y/Y; Revenue from operations 41.57bln, +26% Y/Y; Co. notes that profit fell -16.2% Q/Q due to one-time costs related to the implementation of new labour codes and integration of Camso in Q2’26. (Business Standard)

Hindustan Zinc (HINDZINC IS) – Q3 (INR): Net profit 39.16bln, +46% Y/Y; EBITDA 60.87bln, +34% Y/Y. The Co. noted that higher silver revenue, firmer metal prices and its competitive cost structure resulted in record quarterly profits. (Business Standard)

Ola Electric Mobility (OLAELEC IS) – CFO Abichandani is stepping down from his role, with the board appointing Deepak Rastogi as his successor, effective January 19th. (Economic Times)

Tata Capital (TATACAP IS) – Q3 (INR): Profit after tax 12.85bln (prev. 9.22bln Y/Y); NII 29.36bln, +26% Y/Y. (Economic Times)