PSU Earnings Today: HPCL, Bank of India Q3 FY26 Results in Focus

Mumbai: India’s public sector stocks are in sharp focus today as several key Public Sector Undertakings (PSUs) are scheduled to announce their Q3 FY26 earnings. For investors and market watchers, the spotlight is firmly on Hindustan Petroleum Corporation Ltd (HPCL) and Bank of India (BOI), whose results could influence near-term market sentiment.

With PSU stocks already showing strong momentum this earnings season, today’s announcements are expected to provide further clarity on profitability trends in the energy and banking sectors.

HPCL Q3 Results Preview: Profit Growth Expected

Hindustan Petroleum is likely to report a solid performance for the December quarter, supported by steady fuel demand and improved marketing margins. Analysts believe that a recovery in the refining segment will play a key role in driving earnings growth.

HPCL Q3 FY26 estimates (Street expectations):

• Net Profit: Around ₹4,494 crore, up nearly 17% quarter-on-quarter

• Revenue: Estimated at ₹1,03,909 crore, a growth of 3.1%

• EBITDA: Expected to rise about 14% to ₹7,865 crore

What investors should watch:
The key trigger for HPCL stock will be the Gross Refining Margin (GRM), which is expected to remain firm at around $10 per barrel. Any positive surprise in GRMs could boost sentiment for oil marketing companies (OMCs).

Also Read: PSU Q3 Results FY26 Live Tracker: Bank, Oil, Power, Railway PSU Earnings

Bank of India Q3 Results: Asset Quality Under Spotlight

The Bank of India board is scheduled to meet today to approve its Q3 FY26 financial results. Following strong earnings from PSU peers such as PNB and UCO Bank, expectations from BOI remain constructive.

Bank of India Q3 expectations:

• Net Profit Growth: 10–12% year-on-year

• Net Interest Income (NII): Likely to grow 8–9%

• Key focus areas:

  • Net Interest Margin (NIM) trend

  • Reduction in Gross and Net NPAs

The bank’s management will also host an earnings call at 6:30 PM IST, where commentary on credit growth and asset quality will be closely tracked by analysts.

Dhanlaxmi Bank Also Declaring Results Today

Apart from HPCL and BOI, Dhanlaxmi Bank is also scheduled to announce its Q3 results today. Investors are expecting:

• 12–15% growth in loan book

• Improvement in the capital adequacy ratio

PSU Earnings Season: Strong Momentum So Far

The ongoing PSU earnings season has delivered several positive surprises in recent days, strengthening investor confidence in public sector stocks.

Recent PSU results include:

• BHEL: Net profit surged over 190% YoY

• Punjab National Bank: Q3 profit rose 13% to ₹5,100 crore

• Central Bank of India: Posted 31.25% YoY profit growth

Upcoming PSU Results to Watch

Bottom Line for Investors

With PSU stocks already in focus, today’s HPCL and Bank of India Q3 FY26 results could act as key triggers for sectoral movement. Investors should closely monitor margins, asset quality trends, and management commentary for cues on the road ahead.