PRE-MARKET INDIAN STOCKS NEWS: Earnings deluge and Jio Platforms debut
ORIGINAL · NewsquawkPRE-MARKET INDIAN STOCKS NEWS: Earnings deluge and Jio Platforms debutRead originalHide original
Bajaj Auto (BJAUT IS) - Co. Q2 (INR) net rose 35% Y/Y to 33.54bln, EBITDA rose over 37% Y/Y to more than 40bln, rev. rose 34% Y/Y to 200.03bln, supported by strong domestic and export demand. (Economic Times) Indus Towers (INDUSTOW IS) - Co. Q2 (INR) net fell 2.5% Y/Y to 17.93bln, rev. rose 4% Y/Y to 85.16bln. (Moneycontrol) Infosys (INFO IN) - Co. announced the successful implementation and go-live of Crop Protection Core, Syngenta's global SAP S/4HANA transformation for its Crop Protection business. (Economic Times) Jio Platforms (JPL IN) - Co. shares are set to debut on the BSE and NSE on October 28 following its INR 302bln IPO, the largest ever in India's equity market. (Economic Times) JSW Cement (JSWCEMEN IS) - Co. Q2 (INR) net fell 1.25% Y/Y to 853.5mln, rev. rose 33.1% Y/Y to 19.12bln, board approved capacity additions of 2.0 MTPA GGBS grinding system in Karnataka and 2.0 MTPA grinding unit at its Maharashtra plants. (Moneycontrol) Larsen & Toubro (LT IN) - Co. Q2 (INR) net rose 33% Y/Y to 52.02bln, rev. rose 16% Y/Y to 787.5bln. (Economic Times) Maruti Suzuki (MSIL IN) - Co. Q2 (INR) net fell 26% Y/Y to 24.66bln, rev. rose 26% Y/Y to 533.56bln. (Economic Times) Reliance Industries (RIL IN) - Co.'s subsidiary Jio Platforms is set to make its stock market debut on October 28 following its INR 302bln IPO. (Economic Times) SBI Life Insurance (SBILIFE IN) - Co. Q2 (INR) net rose 11% Y/Y to 5.49bln, net premium income rose 8.2% Y/Y to 268.78bln, net commission rose 10.5% Y/Y to 13.7bln. (Moneycontrol) Steel Authority of India (SAIL IN) - Co. Q2 (INR) net rose 318.1% Y/Y to 17.51bln, rev. rose 19.8% Y/Y to 319.98bln. (Moneycontrol) Tata Capital (TATACAP IN) - Co. Q2 (INR) net rose 51.3% Y/Y to 16.60bln, rev. rose 20.7% Y/Y to 93.42bln. (Moneycontrol) Tata Motors (TMCV IS) - Co. announced that the acceptance period for its voluntary takeover offer for all common shares of Iveco Group, launched through subsidiary TML CV Holdings B.V., closed on October 26. (Economic Times) Vedanta Iron and Steel (VISL IN) - Co. Q2 (INR) net loss narrowed to 3.24bln (prev. loss 4.77bln Y/Y), rev. fell 1.7% Y/Y to 27.42bln. (Economic Times) Waaree Energies (WAARREEN IS) - Co. Q2 (INR) net fell 14.7% Y/Y to 7.19bln, rev. rose 23.9% Y/Y to 75.18bln. (Economic Times)
The roundup reports mixed Q2 results, JSW Cement capacity approvals, Infosys implementation news, Tata Motors' closed Iveco offer period, and Jio Platforms' planned October 28 listing.
News detail
Bajaj Auto (BJAUT IS) - Co. Q2 (INR) net rose 35% Y/Y to 33.54bln, EBITDA rose over 37% Y/Y to more than 40bln, rev. rose 34% Y/Y to 200.03bln, supported by strong domestic and export demand. (Economic Times) Indus Towers (INDUSTOW IS) - Co. Q2 (INR) net fell 2.5% Y/Y to 17.93bln, rev. rose 4% Y/Y to 85.16bln. (Moneycontrol) Infosys (INFO IN) - Co. announced the successful implementation and go-live of Crop Protection Core, Syngenta's global SAP S/4HANA transformation for its Crop Protection business. (Economic Times) Jio Platforms (JPL IN) - Co. shares are set to debut on the BSE and NSE on October 28 following its INR 302bln IPO, the largest ever in India's equity market. (Economic Times) JSW Cement (JSWCEMEN IS) - Co. Q2 (INR) net fell 1.25% Y/Y to 853.5mln, rev. rose 33.1% Y/Y to 19.12bln, board approved capacity additions of 2.0 MTPA GGBS grinding system in Karnataka and 2.0 MTPA grinding unit at its Maharashtra plants. (Moneycontrol) Larsen & Toubro (LT IN) - Co. Q2 (INR) net rose 33% Y/Y to 52.02bln, rev. rose 16% Y/Y to 787.5bln. (Economic Times) Maruti Suzuki (MSIL IN) - Co. Q2 (INR) net fell 26% Y/Y to 24.66bln, rev. rose 26% Y/Y to 533.56bln. (Economic Times) Reliance Industries (RIL IN) - Co.'s subsidiary Jio Platforms is set to make its stock market debut on October 28 following its INR 302bln IPO. (Economic Times) SBI Life Insurance (SBILIFE IN) - Co. Q2 (INR) net rose 11% Y/Y to 5.49bln, net premium income rose 8.2% Y/Y to 268.78bln, net commission rose 10.5% Y/Y to 13.7bln. (Moneycontrol) Steel Authority of India (SAIL IN) - Co. Q2 (INR) net rose 318.1% Y/Y to 17.51bln, rev. rose 19.8% Y/Y to 319.98bln. (Moneycontrol) Tata Capital (TATACAP IN) - Co. Q2 (INR) net rose 51.3% Y/Y to 16.60bln, rev. rose 20.7% Y/Y to 93.42bln. (Moneycontrol) Tata Motors (TMCV IS) - Co. announced that the acceptance period for its voluntary takeover offer for all common shares of Iveco Group, launched through subsidiary TML CV Holdings B.V., closed on October 26. (Economic Times) Vedanta Iron and Steel (VISL IN) - Co. Q2 (INR) net loss narrowed to 3.24bln (prev. loss 4.77bln Y/Y), rev. fell 1.7% Y/Y to 27.42bln. (Economic Times) Waaree Energies (WAARREEN IS) - Co. Q2 (INR) net fell 14.7% Y/Y to 7.19bln, rev. rose 23.9% Y/Y to 75.18bln. (Economic Times)
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