Mumbai: Investors will closely track GAIL (India) Limited and Bharat Dynamics Limited (BDL) today as both PSU stocks prepare to announce their Q3 FY26 results, with expectations of sharp earnings movements and potential dividend announcements likely to drive stock action.
GAIL (India) Limited — Strong Upside Expected
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Profit After Tax (PAT): Estimated to rise 15%–18% YoY
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Key Driver: One-time exceptional income of ~₹2,440 crore from a legal settlement with a global LNG supplier
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Operational Outlook: Gas transmission volumes remained stable, while petrochemical margins showed gradual recovery
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Dividend Expectation: Interim dividend likely in the range of ₹5.50–₹6.50 per share, implying a dividend yield of ~3.5%–4.2% at current market prices
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Investor Guidance: Market focus will be on management commentary regarding FY26 capex, gas marketing margins, and long-term LNG sourcing strategy
Bharat Dynamics Limited (BDL) — Revenue Growth, Margin Pressure
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Net Profit: Expected to decline ~24.1% YoY to ₹213–₹215 crore
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Revenue: Likely to grow ~15.9% YoY to around ₹964 crore, supported by higher execution of defence orders
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Margin Trend: EBITDA margins may contract by 250–300 basis points due to higher input costs and execution timing issues
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Dividend Expectation: Dividend of around ₹4 per share, translating to an estimated yield of ~2.2%
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Investor Guidance: Commentary on order inflows, execution timelines, and export opportunities will be key triggers for the stock
Market View
While GAIL’s earnings are expected to be headline-driven by exceptional gains, BDL’s performance will hinge on forward guidance rather than headline profit numbers. Dividend clarity and management outlook are likely to be decisive for near-term stock movement in both counters.