New Delhi: The third-quarter earnings season is underway, with major Public Sector Undertakings (PSUs) scheduled to release their financial results today. Investors are particularly focused on Power Grid, NTPC, Steel Authority of India Limited (SAIL), National Aluminium Company Limited (NALCO), and Bank of Baroda, looking for insights on performance trends and future outlook.
The PSU market has shown strong momentum in recent months, with gains in banking, metals, and defence contributing to renewed investor interest. Analysts say today’s results may influence the trajectory of PSU stocks in the near term.
| Company | Previous Q3 (FY25) | Expected Q3 (FY26) | Key Focus / % Change |
|---|---|---|---|
| Power Grid (POWERGRID) | Net Profit: ₹3,862 Cr | Net Profit: ₹3,950–4,050 Cr (Analyst estimate) | Modest earnings growth (~2–5%), focus on asset capitalization and new project pipeline |
| NTPC Limited | Net Profit: ₹4,711 Cr | Net Profit: ₹4,800–4,900 Cr (Estimate) | ~2–4% YoY growth, operational efficiency, plant load factors, fuel cost management |
| SAIL | Net Profit: ₹142 Cr | Net Profit: ₹150–160 Cr (Estimate) | 5–12% YoY improvement expected, driven by higher steel sales volume and cost management |
| NALCO | Net Profit: ₹1,566 Cr | Net Profit: ₹1,600–1,650 Cr (Estimate) | ~2–5% YoY growth, focus on aluminium price realization and operational efficiency |
| Bank of Baroda | Net Profit: ₹4,837 Cr | Net Profit: ₹4,950–5,050 Cr (Estimate) | ~2–4% YoY growth, NII improvement, asset quality, gross NPA ratio trends |
Investor Takeaways
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Power & Energy PSUs: Power Grid and NTPC are expected to show steady growth, with investors tracking project execution and operational efficiency.
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Metals: SAIL and NALCO are under scrutiny for sales volumes and cost management, which could drive profit margins.
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Banking: Bank of Baroda is likely to report stable earnings, with focus on NII growth and improving asset quality.
Investors are advised to check the official investor relations sections of each company’s website for the final, verified Q3 results once released today. Market analysts note that PSU performance, especially in power, metals, and banking, could provide early indications of sector-wide trends in India’s public sector space.