PRE-MARKET INDIAN STOCK NEWS: Earnings from Bandhan Bank, Eternal, Ceat
India
AU Small Finance Bank Ltd. (AUBANK IS) - Co. made the final application for a universal banking licence in March after RBI relaxed requirements. (Economic Times)
AWL Agri Business Ltd. (AWL IS) - Co. Q4 (INR) net 2.92bln. (Economic Times)
Bandhan Bank Ltd. (BANDHAN IS) - Co. Q4 (INR) net rose 68% Y/Y to 5.30bln, NII rose 1% Y/Y to 28.0bln, total income rose 3% Y/Y to 35.7bln. (Economic Times)
Ceat Ltd. (CEAT IS) - Co. Q4 (INR) net rose 145.1% Y/Y to 2.44bln, rev. rose 23.3% Y/Y to 42.19bln. (Moneycontrol)
Enviro Infra Engineers Ltd. (EIEL IS) - Co. subsidiary entered into a share purchase agreement to acquire 100% of Suyog Urja for INR 3.11bln in a phased manner. (Moneycontrol)
Eternal Ltd. (ETERNAL IS) - Co. Q4 (INR) net rose 346% Y/Y to 1.74bln, rev. rose 196% Y/Y to 172.92bln. (Economic Times)
Fedbank Financial Services Ltd. (FEDFINA IS) - Co. Q4 (INR) net rose 40.3% Y/Y to 1.01bln, NII rose 23.1% Y/Y to 3.49bln. (Moneycontrol)
Garden Reach Shipbuilders & Engineers Ltd. (GRSE IS) - Co. Q4 (INR) net rose 24% Y/Y to 3.03bln, rev. rose 29% Y/Y to 21.19bln. (Economic Times)
Go Digit General Insurance Ltd. (GODIGIT IS) - Co. Q4 (INR) net rose 29.2% Y/Y to 1.49bln. (Moneycontrol)
Greenply Industries Ltd. (MTLM IS) - Co. Q4 (INR) net rose 86.4% Y/Y to 0.31bln, rev. rose 19.6% Y/Y to 7.76bln. (Moneycontrol)
Maruti Suzuki India Ltd. (MSIL IS) - Co. plans FY27 capex of INR 140.0bln to expand capacity after reaching full utilisation. (Economic Times)
Star Health and Allied Insurance Company Ltd. (STARHEAL IS) - Co. Q4 (INR) net rose 218.3x Y/Y to 1.11bln. (Moneycontrol)
The earnings reports from several Indian companies show robust growth, particularly Bandhan Bank and Ceat, which reported substantial year-on-year net income increases. This positive performance may bolster investor sentiment across the Indian equities market, reflecting stronger economic conditions and potential positive spillovers into bank valuations and consumer confidence in the sector.