PSU Q3 Results Today: NHPC, RITES Profit Growth Seen Up to 18%

Mumbai: February 4, 2026

The Q3 FY26 earnings season for Public Sector Undertakings (PSUs) intensifies today, with key companies set to announce October–December 2025 results. Analysts expect mid-to-high single-digit to double-digit profit growth across select power, infrastructure, and banking PSUs, even as margin pressures persist in some segments.

🔔 PSU Board Meetings Today (February 4, 2026): Growth Expectations

NHPC Limited

• Expected PAT: ₹1,250–1,300 crore

• Q3 FY25 PAT: ₹1,100 crore

• Expected YoY Growth: ▲ 14% – 18%

• Key Drivers: Stable hydropower generation, regulated returns, low input cost volatility

• Dividend Watch: High (Interim dividend likely)

Also Read: NMDC Q3 FY26 Net Profit at ₹1,738 Crore, Declares ₹2.50 Per Share Dividend

RITES Limited

• Expected PAT: ₹240–250 crore

• Q3 FY25 PAT: ₹220 crore

• Expected YoY Growth: ▲ 9% – 14%

• Key Drivers: Higher government transport orders, consultancy-led margins

• Dividend Watch: Moderate to High

SCILAL

• Expected PAT: ₹80–85 crore

• Q3 FY25 PAT: ₹75 crore (approx.)

• Expected YoY Growth: ▲ 7% – 13%

• Key Drivers: Improved fleet utilisation, better freight rates

📊 PSUs That Have Already Reported: YoY Growth Snapshot

🧠 Investor View: Where Growth Is Visible in FY26

1️⃣ PSU Banks: Earnings Up, Margins Flat

• Profit growth: 10–15% YoY for large PSU banks

• Asset quality remains strong, but NIM compression (10–20 bps) remains a risk

2️⃣ Power & Infra PSUs: Stable Growth Zone

• Expected earnings growth: 12–18% YoY

• NHPC, NTPC, Power Grid remain defensive dividend plays

3️⃣ Defence & Railways: High-Growth Pocket

• Revenue growth outlook: 18–25% YoY

• Benefiting from strong government capex and order inflows

📅 Upcoming PSU Results: Growth Expectations

• Indian Oil (IOCL) – Feb 5:

  • Expected profit growth: ▲ 8–12% YoY

• LIC of India – Feb 5:

  • Expected profit growth: ▲ ~16% YoY

• State Bank of India (SBI) – Feb 7:

  • Expected profit growth: ▲ 10–14% YoY