PRE-MARKET INDIAN STOCK NEWS: Earnings including, Delhivery, Hindalco, Oil India, Power Finance Corp, State Bank of India & Titan Company

Delhivery (DELHIVER IS) - Co. Q1 (INR) net fell 65% Y/Y to 319mln, rev. rose 28% Y/Y to 29.31bln. (Economic Times)

Hindalco Industries (HNDL IS) - Co. Q1 (INR) net rose 75% Y/Y to 70.13bln. (Economic Times)

Hyundai Motor India (HYUN IS) - Co. expects a strong recovery in export volumes from Q2, supported by robust demand and a healthy order backlog across key markets. (Economic Times)

Maruti Suzuki (MSIL IS) - Co. expects Indian passenger vehicle sales to reach 6.1-6.3mln units annually over the next five years, supported by recovering small-car demand and strong SUV sales. (Economic Times)

NLC India (NLC IS) - Co. Q1 (INR) net fell 39.3% Y/Y to 4.84bln, rev. rose 23.3% Y/Y to 47.17bln. (Moneycontrol)

Oil India (OINL IS) - Co. Q1 (INR) standalone net rose 253% Y/Y to 28.70bln, rev. rose 58.8% Y/Y to 79.58bln. (Moneycontrol)

Ola Electric Mobility (OLAELEC IS) - Co. Q1 (INR) net loss 3.36bln (prev. loss 4.28bln Y/Y). (Economic Times)

PNC Infratech (PNCINFRA IS) - Co. Q1 (INR) net fell 23% Y/Y to 3.32bln, rev. rose 18.7% Y/Y to 16.89bln. (Moneycontrol)

Power Finance Corporation (POWF IS) - Co. Q1 (INR) net rose 2.1% Y/Y to 70.12bln, net interest income fell 3.3% Y/Y to 106.96bln. (Moneycontrol)

State Bank of India (SBIN IS) - Co. Q1 (INR) standalone net rose 10% Y/Y to 211.21bln (exp. 190.52bln). (Economic Times)

Titan Company (TTAN IS) - Co. Q1 (INR) net rose 63% Y/Y to 17.77bln, total income rose 40% Y/Y to 207.53bln. (Economic Times)

A broad cross-section of the Indian reporting season in one pre-market sweep, spanning logistics, metals, energy, state lenders, autos and consumer discretionary. The read-across splits cleanly by sector: upstream commodity names (Hindalco, Oil India, Titan) have printed outsized profit growth, a pattern consistent with episodes where realisations and operating leverage do the heavy lifting, while lenders tell a more mixed story, with SBI beating consensus on profit but Power Finance showing net interest income contracting, the margin compression dynamic that has typically separated credit growth from earnings quality at state financiers. Delhivery's revenue-up, profit-down print fits the familiar logistics pattern of volume growth bought at the cost of pricing and network investment. The auto names are guidance rather than results, and forward volume commentary from the market leaders has historically set the tone for the supplier and dealer chain more than the stocks themselves. Worth watching is whether the margin divergence between commodity producers and financials persists through the rest of the season, and how the prints sit against positioning in the large state-owned names, which tend to see the sharpest single-stock reactions to beats and misses of this size.