PRE-MARKET INDIAN STOCKS NEWS: Sun Pharma acquires Organon, Reliance report Q1 net drop Y/Y, Adani Green to invest INR 150bln

IndiaAdani Green Energy Ltd. (ADANIGR IS) - Co. plans to invest INR 150bln to add over 10GWh of battery energy storage capacity in the current financial year. (Economic Times)Axis Bank Ltd. (AXSB IS) - Co. Q4 (INR) net fell 0.6% Y/Y to 70.71bln, rev. rose 4.7% Y/Y to 327.24bln. (Economic Times)Can Fin Homes Ltd. (CANF IS) - Co. Q4 (INR) net rose 47.8% Y/Y to 3.46bln, rev. rose 20.7% Y/Y to 4.41bln. (Moneycontrol)Coal India Ltd. (COAL IS) - Co. is planning a 10-year roadmap to reduce coal imports through higher domestic output, improved coal quality and logistics efficiency. (Economic Times)DCB Bank Ltd. (DEVB IS) - Co. Q4 (INR) net rose 16.1% Y/Y to 2.06bln, rev. rose 17.4% Y/Y to 6.55bln. (Moneycontrol)Hindustan Petroleum Corp. Ltd. (HPCL IS) - Co. said restoration work at its Rajasthan refinery is underway and expected to be completed within 3–4 weeks following a recent fire. (Economic Times)Hindustan Zinc Ltd. (HZ IS) - Co. is set to outline its next growth phase by July-August and is considering a potential demerger following Vedanta’s restructuring. (Economic Times)IDFC First Bank Ltd. (IDFCFB IS) - Co. Q4 (INR) net rose 5% Y/Y to 3.19bln, rev. rose 12% Y/Y to 105.53bln. (Economic Times)India Cements Ltd. (ICEM IS) - Co. Q4 (INR) net rose 142% Y/Y to 0.60bln, rev. rose 2.6% Y/Y to 12.29bln. (Moneycontrol)IndusInd Bank Ltd. (IIB IS) - Co. Q4 (INR) net was 5.33bln (prev. loss 22.36bln Y/Y), rev. rose 43.4% Y/Y to 43.72bln. (Moneycontrol)L&T Finance Ltd. (LTFH IS) - Co. Q4 (INR) net rose 26.8% Y/Y to 8.07bln, rev. rose 24.8% Y/Y to 30.24bln. (Moneycontrol)Lodha Developers Ltd. (LODHA IS) - Co. Q4 (INR) net rose 9.4% Y/Y to 10.08bln, rev. rose 11.6% Y/Y to 47.14bln. (Moneycontrol)Mangalore Refinery & Petrochemicals Ltd. (MRPL IS) - Co. Q4 (INR) net fell 68.4% Y/Y to 1.17bln, rev. rose 3.2% Y/Y to 284.93bln. (Moneycontrol)Manappuram Finance Ltd. (MGFL IS) - Co. chairman received an administrative warning from SEBI for delayed disclosure. (Economic Times)M&M Financial Services Ltd. (MMFS IS) - Co. Q4 (INR) net rose 55% Y/Y to 8.73bln, rev. rose 13.2% Y/Y to 48.00bln. (Moneycontrol)NTPC Ltd. (NTPC IS) - Co. is planning to set up two 700MW nuclear units in Bihar as part of its energy diversification strategy. (Economic Times)RBL Bank Ltd. (RBK IS) - Co. Q4 (INR) net rose 234% Y/Y to 2.30bln, rev. rose 7% Y/Y to 16.71bln. (Moneycontrol)Reliance Industries Ltd. (RIL IS) - Co. Q4 (INR) net fell 13% Y/Y to 169.71bln, rev. rose 13% Y/Y to 2.98tln. (Economic Times)Sun Pharma (SUNP IS) – Co. acquires Organon (OGN) for USD 14/shr cash deal valuing the Co. in a range of USD 10-13bln. (Market Source)Supreme Petrochem Ltd. (SPPT IS) - Co. Q4 (INR) net rose 57.2% Y/Y to 1.68bln, rev. rose 3.1% Y/Y to 15.87bln. (Moneycontrol)Tanla Platforms Ltd. (TANLA IS) - Co. Q4 (INR) net rose 14.5% Y/Y to 1.34bln, rev. rose 15% Y/Y to 11.78bln. (Moneycontrol)