PRE-MARKET INDIAN STOCKS NEWS: Earnings from Ambuja Cements, Larsen & Toubro, Suzlon Energy & Tata Capital
Indian firms reported mixed Q1 results; Tata Capital and L&T showed strong profit gains, while Ambuja Cements saw declines. Strategic project wins and guarantees were noted for RVNL and ONGC.
News detail
Ambuja Cements (ACEM IS) - Co. Q1 (INR) net fell 34% Y/Y to 5.77bln, rev. fell 7.5% Y/Y to 94.74bln. (Economic Times)Larsen & Toubro (LT IS) - Co. Q1 (INR) net rose 14% Y/Y to 41.23bln, rev. rose 7% Y/Y to 679.42bln. (Economic Times)Oil & Natural Gas Corporation (ONGC IS) - Co. approved a USD 500mln parent company guarantee in favour of Saudi Aramco on behalf of MRPL, covering September 2026 to August 2028, to support crude oil imports. (Economic Times)Rail Vikas Nigam (RVNL IS) - Co. set August 18 as the record date for its final dividend of INR 0.71/shr and received a letter of award from East Central Railway for an INR 3.59bln project. (Economic Times)Suzlon Energy (SUEL IS) - Co. Q1 (INR) net fell 6% Y/Y to 3.05bln, rev. rose 22.5% Y/Y to 38.19bln. (Economic Times)Tata Capital (TATACAP IS) - Co. Q1 (INR) net rose 56% Y/Y to 15.47bln, rev. rose 15% Y/Y to 88.22bln. (Economic Times)
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