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Tuesday, 11 February, 2025

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Jio Financial Services Records Profit At 101%, Releases First-Ever Quarterly Results

Jio Financial Services revealed first ever quarterly results, reporting at Rs 668 crore for July-September period of ongoing fiscal year.

New Delhi: Jio Financial Services on Monday revealed its first ever quarterly results that is reported at Rs 668 crore. This figure is for the July-September period of the on-going fiscal year.

Note that the net profit of the Jio Financial Services doubled as the company has showed a jump of 101 percent from the previous quarter.

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Total income of the non-banking financial company’s (NBFC) was at Rs 608 crore for the quarter whereas the interest income was at Rs 186 crore. It dropped from Rs 202 crore in the April-June FY24 quarter, reported Money control.

As per the data, total market capitalizaton of the lender is at Rs 1.43 lakh crore.

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Meanwhile, the company has also announced an appointment of AR Ganesh as the Group Chief Technology Officer w.e.f. October 16, 2023. Prior to that, Ganesh was serving as the Chief Information Security Officer (CISO) at ICICI Bank where he was having overall oversight on Cybersecurity.

HISTORY

Updated By

Pranjal Gupta

Written By

Pranjal Gupta


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