Mumbai, February 5, 2026: Major Public Sector Undertakings (PSUs) including Indian Oil Corporation (IOCL), LIC of India, Power Finance Corporation (PFC), and Hindustan Copper are scheduled to announce their Q3 FY26 results tomorrow, February 5, 2026. Analysts broadly expect 8%–16% year-on-year (YoY) profit growth, with investor attention on operational margins and interim dividends.
Indian Oil Corporation (IOCL)
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Previous Q3 FY25 Revenue: ₹2,19,522.35 crore
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Expected Q3 FY26 PAT: ₹2,280–2,370 crore (~8–12% YoY growth)
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Investor Focus: Refining margins (GRMs), potential inventory gains, and operational efficiency. Investors will closely watch crude oil price movements and their impact on profitability.
LIC of India
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Previous Q3 FY25 PAT: ₹11,008.65 crore
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Expected Q3 FY26 PAT: ~₹12,770 crore (~16% YoY growth)
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Investor Focus: Strong Annualised Premium Equivalent (APE) growth of 22%, slight margin compression to 18.5%. Key metrics to watch include Value of New Business (VNB) margins and policy growth trends.
Power Finance Corporation (PFC)
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Expected Net Profit Growth: 5–7% YoY
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Dividend Watch: The board is expected to consider a 3rd interim dividend for FY26. PFC traditionally maintains a payout ratio above 30%, making dividend announcements a critical factor for investors.
Hindustan Copper
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Previous Q2 FY26 PAT: ₹186 crore
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Expected Q3 FY26: Continued robust earnings growth, supported by higher LME copper prices.
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Dividend Watch: Board meeting to approve results and consider interim dividend payout.
Investor Takeaways:
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Track dividend announcements for potential short-term price movements.
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Monitor key sector metrics: refining margins for IOCL, VNB and APE growth for LIC, and commodity prices for Hindustan Copper.
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Portfolio strategy: Investors may adjust positions based on interim dividend signals and YoY earnings growth trends.