London-listed Vedanta Resources Group company Sesa Sterlite beat street expectations on bottomline and operating front while topline was in line. Consolidated profit fell 15 percent year-on-year to Rs 1,587.5 crore, impacted by Cairn earnings, higher tax expenses, power & fuel and depreciation costs.
Cairn India's third quarter profit is expected to decline 40 percent sequentially to Rs 1,625 crore on lower revenue and operational performance, according to the average of analysts polled by CNBC-TV18.