New Delhi: Investor attention is firmly on NMDC Limited, NMDC Steel and RailTel Corporation of India, all of which are scheduled to announce their Q3 FY26 financial results today. Amid increased volatility in PSU stocks following the Union Budget 2026, today’s earnings are expected to offer important cues on sector-specific trends and near-term market direction.
NMDC Limited: Dividend and Earnings in Spotlight
NMDC Limited’s board meeting today holds significance for investors, as the company is expected to announce its December-quarter results along with a possible interim dividend.
Market estimates indicate that NMDC’s net profit (PAT) for Q3 FY26 could come in between ₹1,210 crore and ₹1,230 crore, reflecting an expected year-on-year growth of around 10–12 percent. Revenue for the quarter is projected in the range of ₹2,650 crore to ₹2,700 crore.
While growth may appear moderate due to a strong base in the corresponding quarter last year, investor focus will remain on cash generation, cost discipline, and dividend guidance, which could act as a short-term trigger for the stock.
NMDC Announe Q3: NMDC Q3 FY26 Net Profit at ₹1,738 Crore, Declares ₹2.50 Per Share Dividend
NMDC Steel Announce Q3: NMDC Steel Q3 FY26 Reports Loss of ₹244 Crore; Revenue Grows 42% to ₹3,008 Crore
RailTel Announce Q3: RailTel Posts Total Income of ₹913 Crore in Q3 FY26 with 19% YoY Growth
RailTel Corporation of India: Revenue Growth, Margin Watch
RailTel has already reported its Q3 FY26 numbers, providing an early snapshot of performance.
The company posted revenue of ₹913 crore, marking a 19 percent year-on-year increase, supported by steady execution of telecom and digital infrastructure projects. However, net profit declined to ₹62.4 crore, compared with ₹65.1 crore in the year-ago period, indicating margin pressure despite higher topline growth.
From an investor perspective, RailTel’s robust order book of ₹8,563 crore remains a key positive, offering long-term revenue visibility. Analysts will continue to monitor margin recovery and execution efficiency in the coming quarters.
NMDC Steel: Q3 Results Expected Today
NMDC Steel is also set to announce its Q3 FY26 results today. Street expectations suggest quarterly revenue in the range of ₹1,380 crore to ₹1,410 crore.
Investors will closely track production ramp-up, operating costs, and management commentary on demand outlook and pricing trends in the steel sector, which could influence the stock’s near-term movement.
Investor Focus: Key Takeaways from Today’s Results
For investors tracking PSU stocks on February 3:
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Income-focused investors may watch NMDC closely for any interim dividend announcement, given its consistent payout history and strong balance sheet.
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Growth-oriented investors should evaluate RailTel beyond headline profit numbers, focusing on order execution, margin trajectory and long-term visibility.
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NMDC Steel investors should track operational efficiency and cost control, which remain crucial for sustainable profitability.
Market experts advise investors to look beyond single-quarter volatility and assess earnings quality, margins, and forward guidance before taking investment decisions.
Bottom Line
With NMDC, NMDC Steel and RailTel reporting results today, February 3 is likely to be an important session for PSU stocks. While short-term reactions may remain volatile, companies with strong cash flows, visible order books and disciplined capital allocation are better positioned from a long-term investment standpoint.
RailTel Announce Q3 RailTel Q3 FY26 Results: PAT Jumps to ₹62.4 Cr, Revenue Up 19% YoY
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