PRE-MARKET INDIAN STOCKS NEWS: Earnings including Dr Reddy's, Tata Power & Torrent Power
Dr Reddy's Laboratories (DRRD IS) - Co. Q4 (INR) net fell 86% Y/Y to 2.2bln, rev. fell 12% Y/Y to 75.2bln. (ET)
NTPC (NTPC IS) - Co. will soon submit its first feasibility study for a nuclear project to the Department of Atomic Energy and seek approval to proceed, according to sources. (ET)
Pfizer (PFIZ IS) - Co. Q4 (INR) net fell 39.6% Y/Y to 2.0bln, rev. rose 6.3% Y/Y to 6.3bln. (Moneycontrol)
Rail Vikas Nigam (RVNL IS) - Co. emerged as the lowest bidder from South East Central Railway for EPC work worth INR 2.2bln. (Moneycontrol)
REC (RECL IS) - Co.’s consulting arm plans to enter the carbon markets business as an accredited carbon verification agency and has invited expressions of interest to empanel agencies under the Indian carbon market. (ET)
Tata Power (TPWR IS) - Co. Q4 (INR) net fell 4.5% Y/Y to 10.0bln, rev. fell 12.8% Y/Y to 149.0bln. (Moneycontrol)
Torrent Power (TPW IS) - Co. Q4 (INR) net fell 70% Y/Y to 3.2bln, rev. fell 0.8% Y/Y to 64.1bln. (Moneycontrol)
United Breweries (UBBL IS) - Co. said a tax demand order worth INR 2.8bln was reduced to nil by the Maharashtra Sales Tax Tribunal. (Moneycontrol)
Vodafone Idea (IDEA IS) - Co. board will consider Q4FY26 audited financial results and evaluate raising funds through equity shares and/or warrants on a preferential basis on May 16. (Moneycontrol)
The earnings results from Dr Reddy's Laboratories and Torrent Power illustrate significant declines in net income, which may raise concerns about their operational effectiveness and market positioning. Meanwhile, Tata Power also reported a decrease in both revenue and profit, suggesting challenges in the energy sector amid rising costs or competitive pressures. This combined data may impact sentiment around these stocks, influencing trading strategies and investor perceptions in the Indian equities market.