PRE-MARKET INDIAN STOCKS NEWS: Larsen & Toubro (LT IS) Q3 (INR) profit fell 4% to INR 32.2bln, rev. rose 10% Y/Y to 714.5bln

Larsen & Toubro reported a 4% decline in profit but a solid revenue growth of 10% year-over-year.

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US President Trump and Senate Minority Leader Schumer move towards a possible deal to avert a shutdown, according to New York Times

PRE-MARKET INDIAN STOCKS NEWS: Larsen & Toubro (LT IS) Q3 (INR) profit fell 4% to INR 32.2bln, rev. rose 10% Y/Y to 714.5bln

Chinese President Xi says to UK PM Starmer that the UK-China relationship in recent years had seen “twists and turns that did not serve the interests of our countries”

System failure said to disrupt foreign exchange transactions at 140 credit unions across Japan, according to Jiji

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Cochin Shipyard (COCH IS) - Co. Q3 (INR) profit fell 18.3% Y/Y to 1.4bln, rev. rose 17.7% Y/Y to 13.5bln. (Moneycontrol)

Larsen & Toubro (LT IS) - Co. Q3 (INR) profit fell 4% to INR 32.2bln, rev. rose 10% Y/Y to 714.5bln. (Moneycontrol)

Rail Vikas Nigam (RVNL IS) - Rail Vikas Nigam–GPT JV emerged as the lowest bidder from Northern Railway for a project worth INR 12.0bln. (Moneycontrol) 

SBI Cards & Payment Services Ltd (SBICARD IS) - Co. Q3 (INR) profit rose 45.2% Y/Y to 5.6bln, rev. rose 11% to 51.3bln. (Moneycontrol)

Context

While the profit drop might raise concerns about margin pressures or cost increases, the revenue uptick indicates resilience in operational performance and could suggest ongoing demand in their sectors. Traders should consider how this performance might compare with sector peers and the broader market sentiment toward Indian equities.

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