So, we don’t need to be despondent about earnings, but we

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And now, this time, the more on the refining front, the crude throughput processing will increase sequentially. So, also add to the earnings before interest and taxes (EBIT) level of the refining segments and that is the reason I have estimated refining margin at Rs 6,210. But I am expecting a huge jump seen coming in from the petchem segments and this time.

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So, we don’t have major negative surprises on earnings this time. We have had an up and down earnings season but we haven’t had a howler of an earnings calendar this quarter. So, we don’t need to be despondent about earnings, but we don’t need to be celebrating or be jubilant either.

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