Jio Financial Serives: Mukesh Ambani’s new company made a successful entry in the market, profit doubled in the second quarter.
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This is the first financial result of the company after being separated from Reliance Industries and listed in the market. Jio Financial Services’ income increased to Rs 608.04 crore in the quarter ended September 2023 from Rs 414.13 crore in the June quarter.
New Delhi. Financial services company Jio Financial Services Ltd. The consolidated net profit of the company doubled to Rs 668.18 crore in the second quarter (July-September) of the current financial year as compared to the previous June quarter. The company said in its information to the stock market on Monday that it had made a consolidated net profit of Rs 331.92 crore in the last quarter.
This is the first financial result of the company after being separated from Reliance Industries and listed in the market. Jio Financial Services’ income increased to Rs 608.04 crore in the quarter ended September 2023 from Rs 414.13 crore in the June quarter.
This was helped by dividend income of Rs 216.85 crore. The company had previously said that it aimed to become a full-fledged financial services company. It has already announced plans to launch an asset management company. The company also plans to enter the insurance sector.
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