India Daybook: February 05, 2026

As the Indian market moves into the February 05, 2026 session, investor focus is centered on a heavy slate of PSU earnings and significant international expansions. Key players like LIC and PFC are set to report their quarterly numbers, while Coal India's entry into the South American critical minerals market marks a major strategic shift.

📍 EARNINGS

Major Public Sector Undertakings (PSUs) and blue-chip companies are scheduled to disclose their Q3 FY26 results today.

• LIC of India: The insurance giant is expected to report a profit of approximately ₹12,770 crore, representing a 16% YoY growth, with a focus on its Value of New Business (VNB) margins.
• Power Finance Corporation (PFC): Analysts expect a 5–7% YoY growth in net profit; the board will also consider a third interim dividend for FY26.
• Indian Oil Corporation (IOCL): Market participants are watching for refining margins (GRMs) as the company is expected to post a PAT in the range of ₹2,280–2,370 crore.
• Hindustan Copper: The company is slated to announce results today with a potential interim dividend announcement on the cards.
• Tata Power: Reported a marginal rise in net profit to ₹1,194 crore, though revenue fell 9.4% to ₹13,948 crore due to the non-operational status of its Mundra plant.

📍 STRATEGIC EXPANSION & PACTS

Several companies have announced major moves to secure long-term growth and supply chains.

• Coal India: The board has approved the formation of an intermediate holding company in Chile to explore opportunities in critical minerals, specifically lithium and copper.
• Ashok Leyland: The Hinduja Group flagship signed a pact with Indonesia’s state-owned PT Pindad for the joint development of electric buses and specialized defense vehicles.
• Marico: The FMCG major has entered into a definitive agreement to acquire a strategic stake in the digital-first functional wellness brand, Cosmix.
• Power Grid: The Ministry of Corporate Affairs has sanctioned the amalgamation of 17 of its subsidiaries into two larger entities to streamline operations.

📍 LEGAL & REGULATORY

Regulatory approvals and court rulings are set to impact large-cap sentiment today.

• Reliance Industries (RIL): The Delhi High Court has ruled that the government's appeal in the $3.86 billion Panna-Mukta-Tapti (PMT) gas field dispute is maintainable, allowing the claim against RIL to proceed.
• Zydus Lifesciences: The company received final approval from the USFDA to market its generic version of a key diabetes medication in the United States.
• Pidilite Industries: Management indicated that US exports are expected to recover following recent India-US tariff revisions.

📍 ORDER WIN & PARTNERSHIPS

• Axiscades Technologies: Secured orders worth approximately ₹13.5 crore from two US-based firms, marking its first "Make in India" production deal for the US homeland security sector.
• HCLTech: Selected by Hong Kong Aero Engine Services Limited (HAESL) to lead a digital transformation and modernization of its engine maintenance operations.

📍 DIVIDEND & FUND RAISING

• GAIL (India): Today, February 5, is the record date for the company's ₹5 per share interim dividend.
• PB Fintech: The board of the Policybazaar operator is scheduled to meet today to consider raising funds through a Qualified Institutional Placement (QIP).

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