Street is expecting a good quarter primarily because there has been some sort of recovery in the second quarter. Stock is trading at near record high, trading at 60 times FY22 earnings.

Revenue is expected to grow at around 3 percent year-on-year (YoY), at Rs 5,200 crore. EBITDA is likely to grow by 15 percent at Rs 1,100 crore and expect a margin improvement in excess of 220 basis points that is above 21 percent.

Optically, the net profit is a decline of 17 percent and that is going to be the case for lot of the companies this time because of the tax reversal.

To know more, watch this video.

First Published:Oct 21, 2020 6:39 PM IST