The refining & petrochemical volumes, and Jio & retail businesses are expected to be strong and will drive revenue growth on a sequential basis for the company.
However, there could be some pressure on consolidated margin from Jio & petchem segments, which may impact profitability a bit in Q1 but standalone operating income is likely to see sequential increase on higher refining margin, crude throughput and petchem volumes, brokerages feel.
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