PRE-MARKET INDIAN STOCKS NEWS: Earnings from Bharti Airtel & Tata Motors Commercial Vehicles
Bharti Airtel (BHARTI IS) - Co. Q4 (INR) net fell 33.54% Y/Y to 73.3bln, rev. rose 15.68% Y/Y to 553.8bln, dividend INR 24. (Moneycontrol)
Bharti Hexacom (BHARTIHE IS) - Co. Q4 (INR) net fell 4.6% Y/Y to 4.5bln, rev. rose 5.4% Y/Y to 24.1bln. (Moneycontrol)
Crompton Greaves Consumer Electricals (CROMPTON IS) - Co. Q4 (INR) net loss 5.3bln due to impairment of its investment in Butterfly, compared with profit of 1.7bln Y/Y. (Moneycontrol)
Lupin (LPC IS) - Co. received US FDA approval for Famotidine Injection, which is used to treat stomach ulcers and acidity and is considered equivalent to Merck's Pepcid Injection. (Moneycontrol)
Oil India (OINL IS) - Co. Q4 (INR) standalone net rose 12.51% Y/Y to 17.9bln, supported by a 6% increase in crude oil production and higher oil prices. (Moneycontrol)
Tata Motors Commercial Vehicles (TMCV IS) - Co. Q4 (INR) consolidated profit rose 35% Y/Y to 18.0bln, rev. rose 19% Y/Y to 261.0bln, operating profit margin increased 150bps to 13.1%, dividend INR 4. (Moneycontrol)
Zydus Lifesciences (CDH IS) - Co. will acquire US specialty pharma company Assertio Holdings for USD 166.4mln, or USD 23.5/shr, in an all-cash deal. (Moneycontrol)
Other News
India's government banned sugar exports with immediate effect until September 30th to control domestic prices. (Moneycontrol)
The earnings reports from Bharti Airtel and Tata Motors reveal mixed outcomes; while Bharti Airtel's profit declined significantly despite revenue growth, Tata Motors showed strong profitability and revenue gains. This divergence indicates potential sector-specific challenges for telecommunications versus automotive strength amid broader economic conditions. Additionally, the government’s ban on sugar exports may further impact domestic prices and agricultural sectors, warranting attention from commodities traders.