PRE-MARKET INDIAN STOCKS NEWS: HCL Technologies (HCLT IS) Q2 (INR) net rose 21.2% Y/Y to 51.3bln, rev. rose 11.5% Y/Y to 356.2bln
The pre-market report summarizes three companies’ Q2 results, Bank of India’s classification and provisioning of a Future Enterprises loan, and Power Grid’s acquisition of two project SPVs.
News detail
Bank of India (BOI IS) - Co. classified Future Enterprises' non-performing loan account, involving outstanding dues of INR 5.754bln, as fraud and has made full provisions against the exposure. (Economic Times) HCL Technologies (HCLT IS) - Co. Q2 (INR) net rose 21.2% Y/Y to 51.32bln, rev. rose 11.5% Y/Y to 356.20bln, second interim dividend INR 12/shr. (Moneycontrol) ICICI Prudential AMC (ICICIAMC IS) - Co. Q2 (INR) net rose 6.1% Y/Y to 8.89bln, rev. rose 16.3% Y/Y to 16.738bln. (Moneycontrol) Power Grid Corporation of India (PWGR IS) - Co. acquired two project SPVs from PFC Consulting on October 12th after winning bids under the tariff-based competitive bidding process. (Economic Times) RBL Bank (RBK IS) - Co. Q2 (INR) net rose 169.1% Y/Y to 4.817bln, net interest income rose 37.4% Y/Y to 21.31bln. (Economic Times)
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