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Estimates from brokerages polled by Moneycontrol show that the quarterly revenue is projected at Rs 34,982 crore, a drop of over 10 percent both year-on-year and quarter-on-quarter. The net profit is seen at Rs 7,558.90 crore, down 15.4 percent QoQ due to weaker oil realisations, but up 17 percent on year.
Net Sales are expected to decrease by 1.4 percent Y-o-Y (down 1.7 percent Q-o-Q) to Rs. 34,660 crore, according to PL Capital.