PRE-MARKET INDIAN STOCKS NEWS: Earnings including Aurobindo Pharma, Biocon and PB Fintech

Aurobindo Pharma (ARBP IS) - Co. Q1 (INR) net rose 25.2% Y/Y to 10.33bln, rev. rose 16.3% Y/Y to 91.50bln. (Moneycontrol)

Biocon (BIOS IS) - Co. Q1 (INR) net rose 349.4% Y/Y to 1.41bln, rev. rose 10% Y/Y to 43.36bln. (Moneycontrol)

Cipla (CIPLA IS) - Co. and plant-based protein manufacturer Rocket India announced fresh investments totalling INR 3bln in Karnataka. (ET)

Cummins India (KKC IS) - Co. Q1 (INR) net rose 0.9% Y/Y to 6.09bln, rev. rose 17.9% Y/Y to 34.26bln. (Moneycontrol)

Hindalco Industries (HNDL IS) - Co.’s subsidiary Novelis Q1 (USD) net rose 71% Y/Y to 164mln, while net excluding special items rose 128% Y/Y to 265mln. (Moneycontrol)

Oil and Natural Gas Corporation (ONGC IS) - Co. expects to soon sign agreements with Venezuela to operate two oil blocks under the country’s new petroleum law. (ET)

Ola Electric Mobility (OLAELEC IS) - Co. signed an MoU with Axis Energy outlining the potential deployment of up to 20GWh of battery energy storage systems by 2032. (ET)

PB Fintech (POLICYBZ IS) - Co. Q1 (INR) net rose 92.6% Y/Y to 1.63bln, rev. rose 40.1% Y/Y to 18.88bln. (Moneycontrol)