Reliance earnings because what we are gauging from our experts is that the Street will start looking beyond this time's numbers. Though the O2C has been the biggest drag this time, do you believe that the street will start pencilling in that it could improve in the times ahead and the stock price could have some breather on the back of this?
Deven Choksey: Minus the refining cracks where probably the maximum amount of hurt has come on the EBITDA, I guess the numbers are a steady set of numbers. Generally, in the commodity-driven business, and overall, refining cracks have been down, this is bound to happen that you are on a larger base likely to see some dent in the EBITDA. But I do not think that this is going to be a permanent feature.
This is a quarterly phenomenon which probably one will have to see as a one-off, and by the end of the year, you should be seeing relatively steady to better numbers even in the O2C segment. The silver lining and the better part out here is the consumer-facing business, both the retail as well as the Jio platform, both these businesses have been showing relatively steady performance. In fact, in the Jio platform, we are likely to see a higher amount of growth because the full impact of the price hike or tariff hike in the ARPU is expected
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