Reliance reported an all-round beat in Q2 numbers. Profits and revenues were ahead of estimate, at a time when the street was estimating soft numbers. This was possible because Petchem and reliance retail did bulk of the heavy lifting. The profits and margins of both these segments were ahead of estimates , in fact rel jio where the street was expecting steady number the company was able to juice out better numbers ARPU stood at 145/user ba eatimates of 143/user . The only segment which did not perform this quarter was refining where the Grams were at $5.7/bbl bs estimates of $6/bbl. This is because the refining cycle continues to remain weak. The company along with its results announced selling stake in fibre assets to ADIA and Saudi PIF for 3800cr rupees.
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