LIC, RVNL, RCF Q4 Results Today: Dividend Expectations & Profit Forecast

Mumbai: India’s major Public Sector Undertakings (PSUs), including Life Insurance Corporation of India (LIC) and Rashtriya Chemicals and Fertilizers (RCF), are set to announce their audited Q4 and full-year FY26 financial results today. While the board of Rail Vikas Nigam Limited (RVNL) has rescheduled its meeting to May 25, investors remain highly focused on all three counters for dividend declarations and growth guidance.

Current Share Price and Market Performance

As of the morning of May 21, 2026:

LIC: Trading at approximately ₹802.60, up 0.26%. The stock has maintained a 52-week range of ₹790–₹980.
RVNL: Trading at ₹271.45, up 0.69%. The infrastructure giant has seen a volatile 52-week range of roughly ₹245–₹442.
RCF: Trading at ₹126.76, up 2.08%, showing strong momentum ahead of results. Market cap remains resilient despite global fertilizer price fluctuations.

Latest Performance (Q3 FY26 Recap)

In the October–December 2025 quarter (Q3 FY26):

LIC: Reported a Net Profit (PAT) of ₹12,930 crore, supported by an 18.8% VNB margin and steady growth in non-par premium income.
RVNL: Reported a Net Profit of ₹429 crore, maintaining an EBIT margin of 7.8% despite a transition phase in project bidding.
RCF: Reported Revenue of ₹4,236 crore and a Net Profit of ₹80.95 crore, benefiting from stable domestic demand.

Expected Q4 FY26 Results

Analyst consensus and previews suggest:

LIC Profit (PAT): Projected at ₹16,500 – ₹19,500 crore, with a focus on reaching a 19%+ VNB margin.
RCF Profit (PAT): Estimated at ₹50 – ₹65 crore, with revenue targets of ₹3,650 – ₹4,000 crore.
RVNL (For May 25): Anticipated Revenue of ₹7,500 – ₹8,200 crore, reflecting seasonally high execution in the final quarter.

Key expectations include final dividend recommendations for all three entities. For LIC, a payout of ₹10–₹14 per share is anticipated, while RCF investors look for a final dividend to complement the earlier ₹1.00 interim payout.

Key Factors to Watch

VNB Margins (LIC): Whether the shift toward digital and non-participating policies has further boosted profitability.
Order Book (RVNL): Confirmation if the total order book has crossed the psychological ₹90,000 crore mark.
Subsidy Receivables (RCF): Updates on government settlement of fertilizer subsidies to ease working capital.
Dividend Announcements: The quantum of final dividends will be a primary driver for the stock’s reaction in Friday’s trading session.