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RIL Q2 earnings: Jio surprises with operating profit
The strong profitability of RIL's petrochemicals business, with profit margins at a 10-year high, was another surprise element. Jio, which is reported as RIL's digital services business, saw revenue from operations come in at Rs 6,147 crore. In fact, analysts at Phillip Capital had estimated a loss at the operating profit level of Rs 700 crore. Idea is expected to end the September quarter with revenues of Rs 7,400 crore and operating profit of Rs 1,350 crore, lower than Jio's.
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