PRE-MARKET INDIAN STOCKS NEWS: Earnings including Bharat Petroleum, Dr Reddy's, Hindustan Petroleum & IndusInd Bank
Indian Q1 earnings show gains in banking and renewables but heavy losses for oil marketers and pharma due to margin pressure and competition.
News detail
Adani Green Energy (ADANIGR IS) - Co. Q1 (INR) net rose 19% Y/Y to 8.45bln, rev. rose 16% Y/Y to 46.63bln. (Economic Times)Bharat Petroleum (BPCL IS) - Co. Q1 (INR) net loss 39.62bln (prev. profit 61.24bln Y/Y), rev. rose 23% Y/Y to 1.59tln. (Economic Times)Dr Reddy’s Laboratories (DRRD IS) - Co. Q1 (INR) net fell 69% Y/Y to 4.435bln, rev. fell 6% Y/Y to 80.705bln. (Moneycontrol)Hindustan Petroleum (HPCL IS) - Co. Q1 (INR) net loss 115.264bln (prev. profit 43.709bln Y/Y), rev. rose 26.8% Y/Y to 1.405tln. (Moneycontrol)IndusInd Bank (IIB IS) - Co. Q1 (INR) net rose 72% Y/Y to 10.37bln, net interest income 46.85bln (prev. 46.40bln Y/Y). (Economic Times)United Spirits (UNSP IS) - Co. Q1 (INR) net rose 11% Y/Y to 4.63bln, rev. rose 6.2% Y/Y to 27.08bln. (Moneycontrol)
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