Mumbai, Feb 3, 2026 – The PSU earnings season is active, with NMDC Limited, NMDC Steel Ltd, and RailTel Corporation of India in focus today. Investors are closely watching revenue, profit growth, and dividend announcements for market trends.
NMDC Limited – Q3 FY26 Outlook
Expected Revenue: ₹2,650 – 2,700 crore (+12–15% YoY)
Expected PAT: ₹1,210 – 1,230 crore (+10–12% YoY)
Interim Dividend: Likely
Previous Quarter (Q2 FY26):
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Revenue: ₹2,350 crore (+14% YoY)
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PAT: ₹1,100 crore (+11% YoY)
NMDC is expected to deliver healthy growth supported by strong iron-ore sales and operational efficiency. A dividend announcement could boost investor interest.
NMDC Steel Ltd – Q3 Forecast
Expected Revenue: ₹1,380 – 1,410 crore (+10–13% YoY)
Expected PAT: ₹130 – 132 crore (+8–10% YoY)
Previous Quarter (Q2 FY26):
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Revenue: ₹1,250 crore (+11% YoY)
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PAT: ₹120 crore (+9% YoY)
Investors will watch Nagarnar Plant production ramp-up, cost control, and profit margin improvement. Positive results may indicate a steel sector turnaround.
RailTel Corporation – Q3 FY26 Results
Revenue: ₹913 crore (+19% YoY)
PAT: ₹62.4 crore (+17% YoY)
RailTel continues to show strong demand in telecom and data infrastructure, making it a strong performer among PSUs.
Upcoming PSU Earnings Calendar (Feb 4–7, 2026)
| Company | Expected Revenue (₹ crore) | Expected PAT (₹ crore) | Notes |
|---|---|---|---|
| NHPC | ₹2,100 – 2,150 | ₹1,050 – 1,080 | Interim dividend expected |
| RITES | ₹1,220 – 1,250 | ₹610 – 630 | Interim dividend possible |
| IOC | ₹1,45,000 – 1,50,000 | ₹8,500 – 9,000 | Revenue driven by fuel sales |
| LIC | ₹1,12,000 – 1,15,000 | ₹6,000 – 6,200 | Policy growth key metric |
| Power Finance Corp (PFC) | ₹16,500 – 17,000 | ₹3,700 – 3,800 | Interim dividend expected |
| RVNL | ₹3,500 – 3,600 | ₹1,800 – 1,900 | Infrastructure project impact |
| SBI | ₹85,000 – 87,000 | ₹21,000 – 22,000 | Loan growth and NIM focus |
Key Insights for Investors
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Dividend Announcements from NMDC, RITES, and PFC may drive short-term trading activity.
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RailTel shows double-digit growth in revenue and profit, signaling stability in telecom infrastructure.
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NMDC and NMDC Steel results will indicate health of the mining and steel sector.
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Upcoming earnings from NHPC, RITES, IOC, LIC, PFC, and SBI could impact PSU indices and market sentiment.