PRE-MARKET INDIAN STOCKS NEWS: Earnings from Infosys, LTN
India
Adani Energy Solutions Ltd. (ADANIENS IS) - Co. Q4 (INR) net rose 5.66% Y/Y to 6.84bln, rev. rose 16.8% Y/Y to 74.43bln. (Moneycontrol)
Cyient Ltd. (CYL IS) - Co. Q4 (INR) net fell 64.9% Y/Y to 0.66bln, rev. rose 0.92% Y/Y to 19.27bln. (Moneycontrol)
HDFC Bank Ltd. (HDFCB IS) - Co. has advised customers not to use credit, debit or forex cards to purchase stocks, set up companies or acquire property abroad. (Economic Times)
Indian Energy Exchange Ltd. (IEX IS) - Co. Q4 (INR) net rose 10.8% Y/Y to 1.30bln, rev. rose 22.5% Y/Y to 1.74bln. (Moneycontrol)
Infosys Ltd. (INFO IS) - Co. Q4 (INR) net rose 20.9% Y/Y to 85.01bln, rev. rose 13.4% Y/Y to 464.02bln and guidance sees FY27 revenue growth of 1.5-3.5% in constant currency and operating margin of 20-22%. (Moneycontrol)
LTM Ltd. (LTM IS) - Co. Q4 (INR) net rose 22.9% Y/Y to 13.87bln, rev. rose 15.6% Y/Y to 112.92bln. (Moneycontrol)
Star Cement Ltd. (STRCEM IS) - Co.’s subsidiary Star Cement North East acquired 100% stake in Jaitaran Renewable Power. (Moneycontrol)
Sun Pharmaceutical Industries Ltd. (SUNP IS) - Co. is preparing a USD 13bln bid for Organon & Co. to expand its global branded and innovative medicines business. (Economic Times)
UTI Asset Management Company Ltd. (UTIAM IS) - Co. Q4 (INR) net was a loss of 0.51bln (prev. profit Y/Y), rev. rose 3.8% Y/Y to 3.90bln. (Moneycontrol)
The earnings results from major Indian companies like Infosys and HDFC Bank present a mixed picture. While Infosys reported significant revenue and profit growth, its cautious revenue guidance may temper optimism in the tech sector. HDFC Bank's warning against using cards for foreign investments could signal regulatory pressures, impacting investor sentiment, particularly in sectors related to capital flows and investments.