PRE-MARKET INDIAN STOCKS NEWS: Earnings including Bharat Electronics, Bharat Petroleum & Zee Entertainment

Aditya Birla Capital (ABCAP IS) - Co. received a Certificate of Registration from the RBI to commence the business of factoring. (Moneycontrol)Bharat Electronics (BHE IS) - Co. Q4 (INR) net rose 5% Y/Y to 22.3bln. (Economic Times)Bharat Petroleum Corp (BPCL IS) - Co. Q4 (INR) net fell 0.7% Y/Y to 31.9bln, rev. rose 6.7% Y/Y to 1,186.5bln, while Co. is recalibrating its crude import strategy almost daily and ramping up spot purchases after the US-Israeli conflict with Iran disrupted Middle East supplies. (Economic Times; Moneycontrol)Hindalco Industries (HNDL IS) - Co.’s Novelis reported a consolidated Q4 net loss of USD 84mln due to fire incidents at its Oswego plant in New York. (Economic Times)JSW Energy (JSW IS) - Co. executed definitive agreements to acquire an additional equity stake in Toshiba JSW Power Systems through a secondary purchase of shares from Toshiba Corp. (Moneycontrol)Maruti Suzuki India (MSIL IS) - Co. started commercial production at the second plant of its Kharkhoda manufacturing facility in Haryana on May 18, with annual production capacity of 250k units. (Economic Times)PTC India (PTC IS) - Co. Q4 (USD) net loss 84mln (prev. profit 294mln Y/Y), adjusted net fell 13% Y/Y to 227mln, rev. rose 4.4% Y/Y to 4.79bln. (Moneycontrol)Zee Entertainment Enterprises (Z IS) - Co. Q4 (INR) net loss 1.0bln (prev. net 1.9bln Y/Y), rev. fell 7% Y/Y to 20.3bln. (Economic Times)Zydus Lifesciences (CDH IS) - Co. will continue to pursue strategic acquisitions, particularly in specialty and rare disease segments, after agreeing to acquire US-based Assertio Holdings for USD 166.4mln. (Economic Times)