PRE-MARKET INDIAN STOCKS NEWS: Earnings from Adani Energy Solutions, Adani Total Gas, Hindustan Petroleum & Jindal Stainless
Newsquawk Staff ·
Adani Energy Solutions (ADANIT IS) - Co. Q2 (INR) net rose 148% Y/Y to 13.23bln, rev. rose 53% Y/Y to 100.76bln. (Economic Times)
Adani Total Gas (ATGL IS) - Co. Q2 (INR) net rose 2.2% Y/Y to 1.73bln, rev. rose 33.8% Y/Y to 21.10bln. (Economic Times)
CIE Automotive India (CIEINDIA IS) - Co. Q2 (INR) net rose 14% Y/Y to 2.44bln, EBITDA rose 5.1% Y/Y to 3.74bln, rev. rose 11% Y/Y to 26.33bln, EBITDA margin fell to 14.2% (prev. 15% Y/Y). (Economic Times)
Colgate-Palmolive India (COLPAL IS) - Co. Q2 (INR) net rose 4.1% Y/Y to 3.42bln, EBITDA rose 1.9% Y/Y to 4.74bln, rev. rose 12.2% Y/Y to 17.06bln. (Economic Times)
Cyient (CYIENT IS) - Co. Q2 (INR) net rose 22% Q/Q to 1.33bln, rev. rose 7.7% Q/Q to 22.35bln. (Economic Times)
Hindustan Petroleum Corporation (HPCL IS) - Co. Q2 (INR) net fell 6.1% Y/Y to 36.25bln, rev. rose 26.1% Y/Y to 1.39tln. (Economic Times)
Jindal Stainless (JSL IS) - Co. Q2 (INR) net rose 11.1% Y/Y to 8.98bln, rev. rose 18.2% Y/Y to 128.74bln, supported by stronger volumes and a 36% increase in exports. (Economic Times)
Swiggy (SWIGGY IS) - Co. Q2 (INR) net loss narrowed to 9.22bln (prev. loss 10.92bln Y/Y), but widened from a loss of 7.92bln Q/Q. (Economic Times)
What it means
A mixed mid-cap and large-cap Indian earnings batch of the sort that tends to drive single-name moves at the open rather than an index-level read, with the breadth of sectors (utilities, gas distribution, refining, steel, autos, staples, IT services, consumer internet) limiting any clean sector signal. The splits worth noting are operational: Adani Energy's outsized profit growth on half again the revenue sits against Adani Total Gas's near-flat bottom line despite strong top-line growth, the classic regulated-utility versus margin-squeezed distributor divergence the group has shown in past quarters; group-level prints have also historically traded partly on governance sentiment rather than fundamentals alone. Hindustan Petroleum's profit decline on sharply higher revenue fits the recurring refining-and-marketing pattern where margins, not volumes, drive the quarter, with crude, product cracks and any fuel-pricing commentary the operative channels. Jindal Stainless's export-supported growth is the tell for how Indian metals names are absorbing redirected trade flows, and management commentary on destination mix matters more than the headline growth. Swiggy's narrowing annual but widening sequential loss keeps the focus on the path to profitability that has governed listed Indian consumer-internet names since their debuts, where contribution-margin trajectory has mattered more than the loss line itself. Follow-ons are the concalls and any brokerage revisions through the session, with the Adani pair likely to attract the most attention given the group's history of outsized reactions to any print.
- China is said to tighten scrutiny of listed company spin-offs
- PRE-MARKET CHINESE STOCKS NEWS: Earnings from China Telecom and Chow Tai fook
- HD Hyundai Co (267250 KS) unit is to assess US Navy support vessel contracts, commercial shipbuilding and shipyard supply opportunities, while Co. plans to hire approximately 3,000 workers for its shipyard
- SK Telecom (017670 KS) data centre unit is in talks with investors for a USD 350bln buildout
- PRE-MARKET SINGAPORE STOCKS NEWS: Seatrium (SMM SP) signed a contract with Karpowership; Taiwan markets are closed ahead of a typhoon
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