PRE-MARKET INDIAN STOCKS NEWS: Tata Power (TPWR IS) Q3 (INR) net rose 0.6% Y/Y to 11.9bln, rev. fell 9.4% Y/Y to 139.5bln
Tata Power's Q3 results show a modest net profit increase, but a significant drop in revenues suggests underlying weakness in operational performance, which may impact future growth prospects.
Indonesian GDP Growth Rate YoY (Q4) Y/Y 5.39% vs. Exp. 5.01% (Prev. 5.04%)
Indonesian GDP Growth Rate QoQ (Q4) Q/Q 0.86% vs. Exp. 0.68% (Prev. 1.42%, Rev. From 1.43%)
PRE-MARKET INDIAN STOCKS NEWS: Tata Power (TPWR IS) Q3 (INR) net rose 0.6% Y/Y to 11.9bln, rev. fell 9.4% Y/Y to 139.5bln
Japan sells JPY 525bln 30-yr JGBs; b/c 3.64x (prev. 3.14x), and average yield 3.615% (prev. 3.447%)
Japanese JPY 700bln 30-year JGB Auction 3.615% (Prev. 3.447%)
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Apollo Tyres (APTY IS) - Co. Q3 (INR) net rose 39.5% Y/Y to 4.7bln, rev. rose 11.8% Y/Y to 77.4bln. (Moneycontrol)
NHPC (NHPC IS) - Co. Q3 (INR) net fell 5.2% Y/Y to 2.2bln, rev. fell 2.9% Y/Y to 22.2bln. (Moneycontrol)
Power Grid (PWGR IS) - Co. announced the Ministry of Corporate Affairs has sanctioned the amalgamation of 17 subsidiaries into two subsidiaries. (Moneyconttrol)
Tata Power (TPWR IS) - Co. Q3 (INR) net rose 0.6% Y/Y to 11.9bln, rev. fell 9.4% Y/Y to 139.5bln. (Moneycontrol)
Welspun Enterprises (WELS IS) - Co. Q3 (INR) net fell 65.5% Y/Y to 267mln, rev. fell 12.2% Y/Y to 7.9bln. (Moneycontrol)
Meanwhile, Apollo Tyres reported a solid performance with strong revenue growth, contrasting with NHPC and Welspun Enterprises' declines, highlighting a mixed sentiment across the sector. This earnings landscape could influence trading decisions in Indian equities, especially regarding these individual companies and their industry peers.
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