PRE-MARKET INDIAN STOCKS NEWS: Earnings from Hero MotoCorp, Hyundai Motor India, JSW Energy, TVS Motor & United Spirits
ORIGINAL · NewsquawkPRE-MARKET INDIAN STOCKS NEWS: Earnings from Hero MotoCorp, Hyundai Motor India, JSW Energy, TVS Motor & United SpiritsRead originalHide original
Bandhan Bank (BANDHAN IN) - Co. Q2 (INR) net rose 23.9% Q/Q to 6.22bln, net interest income rose 1.3% Q/Q to 29.60bln. (Economic Times) Dr Reddy's Laboratories (DRRD IN) - Co.'s Andhra Pradesh manufacturing facility received a Voluntary Action Indicated (VAI) classification from the US FDA following pre-approval and GMP inspections, with the inspection officially closed. (Moneycontrol) Fortis Healthcare (FORH IN) - Co. has acquired the 110-bed Suguna Hospital in Bengaluru for approximately INR 2.77bln. (Moneycontrol) Hero MotoCorp (HMCL IN) - Co. Q2 (INR) net rose 41% Y/Y to 18.61bln, rev. rose 23% Y/Y to 149.71bln. (Economic Times) Hyundai Motor India (HYUN IS) - Co. Q2 (INR) net fell 24% Y/Y to 11.89bln, rev. rose 18% Y/Y to 201.91bln. (Economic Times) JSW Energy (JSW IN) - Co. Q2 (INR) net rose 49.8% Y/Y to 10.56bln, rev. rose 23% Y/Y to 63.69bln. (Economic Times) PNC Infratech (PNCINFRA IN) - Co. Q2 (INR) net fell 46.8% Y/Y to 1.15bln, rev. rose 17.3% Y/Y to 13.23bln. (Moneycontrol) TVS Motor Company (TVSL IN) - Co. Q2 (INR) net rose 52% Y/Y to 13.77bln, rev. rose 44% Y/Y to 171.03bln. (Economic Times) United Spirits (UNSP IN) - Co. Q2 (INR) net fell 2.1% Y/Y to 4.62bln, rev. excluding excise duty rose 2.8% Y/Y to 32.58bln. (Moneycontrol) Vedanta (VEDL IN) - Co.'s aluminium business Q2 (INR) net rose 105% Y/Y to 61.87bln, driven by record aluminium production, higher sales volumes and improved realisations. (Economic Times)
The roundup reports mixed Q2 company results, a US FDA VAI classification and inspection closure for a Dr Reddy’s facility, and Fortis Healthcare’s hospital acquisition.
News detail
Bandhan Bank (BANDHAN IN) - Co. Q2 (INR) net rose 23.9% Q/Q to 6.22bln, net interest income rose 1.3% Q/Q to 29.60bln. (Economic Times) Dr Reddy's Laboratories (DRRD IN) - Co.'s Andhra Pradesh manufacturing facility received a Voluntary Action Indicated (VAI) classification from the US FDA following pre-approval and GMP inspections, with the inspection officially closed. (Moneycontrol) Fortis Healthcare (FORH IN) - Co. has acquired the 110-bed Suguna Hospital in Bengaluru for approximately INR 2.77bln. (Moneycontrol) Hero MotoCorp (HMCL IN) - Co. Q2 (INR) net rose 41% Y/Y to 18.61bln, rev. rose 23% Y/Y to 149.71bln. (Economic Times) Hyundai Motor India (HYUN IS) - Co. Q2 (INR) net fell 24% Y/Y to 11.89bln, rev. rose 18% Y/Y to 201.91bln. (Economic Times) JSW Energy (JSW IN) - Co. Q2 (INR) net rose 49.8% Y/Y to 10.56bln, rev. rose 23% Y/Y to 63.69bln. (Economic Times) PNC Infratech (PNCINFRA IN) - Co. Q2 (INR) net fell 46.8% Y/Y to 1.15bln, rev. rose 17.3% Y/Y to 13.23bln. (Moneycontrol) TVS Motor Company (TVSL IN) - Co. Q2 (INR) net rose 52% Y/Y to 13.77bln, rev. rose 44% Y/Y to 171.03bln. (Economic Times) United Spirits (UNSP IN) - Co. Q2 (INR) net fell 2.1% Y/Y to 4.62bln, rev. excluding excise duty rose 2.8% Y/Y to 32.58bln. (Moneycontrol) Vedanta (VEDL IN) - Co.'s aluminium business Q2 (INR) net rose 105% Y/Y to 61.87bln, driven by record aluminium production, higher sales volumes and improved realisations. (Economic Times)
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