PRE-MARKET INDIAN STOCKS NEWS: Earnings from GNP, IREDA, INDIGO & NMDC

Glenmark Pharma (GNP IS) - Co. Q4 (INR) net rose to INR 3.01bln from INR 46.5mln Y/Y, rev. rose 15.8% Y/Y to INR 37.71bln. (Moneycontrol)

Gujarat Gas (GUJGA IS) - Co. Q4 (INR) net rose to INR 3.51bln from INR 312mln Y/Y, rev. fell 9% Y/Y to INR 57.92bln, exceptional loss INR 1.47bln. (Moneycontrol)

Hindustan Zinc (HZ IS) - Co. appointed Amit Gupta as CFO and KMP effective June 1 and extended Arun Misra’s tenure as CEO and Whole-time Director for two months. (Moneycontrol)

Indian Renewable Energy Development Agency (IREDA IS) - Co. Q4 (INR) net fell 1.8% Y/Y to INR 4.93bln, net interest income rose 18.4% Y/Y to INR 8.98bln. (Moneycontrol)

InterGlobe Aviation (INDIGO IS) - Co. Q4 (INR) net loss INR 25.37bln (prev. profit INR 30.68bln Y/Y), rev. rose 1.3% Y/Y to INR 224.38bln. (Moneycontrol)

NMDC (NMDC IS) - Co. Q4 (INR) net rose 36% Y/Y to INR 20.18bln, rev. rose 61.9% Y/Y to INR 113.43bln. (Moneycontrol)

PNC Infratech (PNCL IS) - Co. received an EPC work order worth INR 3.02bln from the Airport Authority of India. (Moneycontrol)

SAIL (SAIL IS) - Co. expects the West Asia crisis to have a marginal impact on steel prices and is establishing alternative shipping routes to ensure uninterrupted raw material supply. (ET)

Suzlon Energy (SUEL IS) - Co. said it plans to challenge a SEBI order imposing a penalty of nearly INR 290mln over alleged misrepresentation of its financial position, inflated profits and inadequate disclosures. (ET)

Vedanta (VEDL IS) - Co. received its highest domestic credit rating in over a decade after ICRA upgraded the long-term ratings of key group entities to AA+. (ET)