PRE-MARKET INDIAN STOCKS NEWS: Earnings deluge and Jio Platforms debut

Bajaj Auto (BJAUT IS) - Co. Q2 (INR) net rose 35% Y/Y to 33.54bln, EBITDA rose over 37% Y/Y to more than 40bln, rev. rose 34% Y/Y to 200.03bln, supported by strong domestic and export demand. (Economic Times)

Indus Towers (INDUSTOW IS) - Co. Q2 (INR) net fell 2.5% Y/Y to 17.93bln, rev. rose 4% Y/Y to 85.16bln. (Moneycontrol)

Infosys (INFO IN) - Co. announced the successful implementation and go-live of Crop Protection Core, Syngenta's global SAP S/4HANA transformation for its Crop Protection business. (Economic Times)

Jio Platforms (JPL IN) - Co. shares are set to debut on the BSE and NSE on October 28 following its INR 302bln IPO, the largest ever in India's equity market. (Economic Times)

JSW Cement (JSWCEMEN IS) - Co. Q2 (INR) net fell 1.25% Y/Y to 853.5mln, rev. rose 33.1% Y/Y to 19.12bln, board approved capacity additions of 2.0 MTPA GGBS grinding system in Karnataka and 2.0 MTPA grinding unit at its Maharashtra plants. (Moneycontrol)

Larsen & Toubro (LT IN) - Co. Q2 (INR) net rose 33% Y/Y to 52.02bln, rev. rose 16% Y/Y to 787.5bln. (Economic Times)

Maruti Suzuki (MSIL IN) - Co. Q2 (INR) net fell 26% Y/Y to 24.66bln, rev. rose 26% Y/Y to 533.56bln. (Economic Times)

Reliance Industries (RIL IN) - Co.'s subsidiary Jio Platforms is set to make its stock market debut on October 28 following its INR 302bln IPO. (Economic Times)

SBI Life Insurance (SBILIFE IN) - Co. Q2 (INR) net rose 11% Y/Y to 5.49bln, net premium income rose 8.2% Y/Y to 268.78bln, net commission rose 10.5% Y/Y to 13.7bln. (Moneycontrol)

Steel Authority of India (SAIL IN) - Co. Q2 (INR) net rose 318.1% Y/Y to 17.51bln, rev. rose 19.8% Y/Y to 319.98bln. (Moneycontrol)

Tata Capital (TATACAP IN) - Co. Q2 (INR) net rose 51.3% Y/Y to 16.60bln, rev. rose 20.7% Y/Y to 93.42bln. (Moneycontrol)

Tata Motors (TMCV IS) - Co. announced that the acceptance period for its voluntary takeover offer for all common shares of Iveco Group, launched through subsidiary TML CV Holdings B.V., closed on October 26. (Economic Times)

Vedanta Iron and Steel (VISL IN) - Co. Q2 (INR) net loss narrowed to 3.24bln (prev. loss 4.77bln Y/Y), rev. fell 1.7% Y/Y to 27.42bln. (Economic Times)

Waaree Energies (WAARREEN IS) - Co. Q2 (INR) net fell 14.7% Y/Y to 7.19bln, rev. rose 23.9% Y/Y to 75.18bln. (Economic Times)

The session combines a heavy mid-quarter earnings slate with the largest listing in Indian market history, and historically the listing dominates index-level flows while the prints drive single-name dispersion. Mega-debuts of this kind in India have tended to pull in passive and index-arbitrage demand ahead of expected benchmark inclusion, with the early tell being whether the stock holds above its issue price through the first sessions and how the parent's holding-company discount adjusts, since Reliance's stake makes the debut a direct re-rating event for the parent as well. On the earnings side the pattern worth noting is margin divergence: autos show volume growth outrunning profit at the market leader while the two-wheeler peer converts demand into earnings, a split that in past cycles has separated pricing power from cost absorption. The sharp profit swing at the state steelmaker reads as a low-base and raw-material spread effect rather than a structural turn, which is how comparable commodity-linked beats have typically been treated. The takeover offer closure for the truck subsidiary shifts attention to acceptance levels and integration mechanics, the usual sequence in cross-border Indian auto deals. Follow-ons are the debut's first-day close, any early index-inclusion signalling, and whether the remaining large-cap reporters confirm or break the margin split visible in this batch.