Jio Financial Services net profit declines 56 percent to Rs 294 crore in third quarter
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The company’s income also declined to Rs 414 crore in the quarter under review, which was Rs 1,294 crore in the September quarter. Jio Financial Services, which was separated from Reliance Industries, is engaged in the business of investment and financing, insurance broking, payments bank etc.
New Delhi. Jio Financial Services’ consolidated net profit declined 56 per cent to Rs 294 crore for the quarter ended December 2023 compared to the previous quarter. Jio Financial Services gave this information in its communication to the stock market on Monday. The company’s net profit in the second quarter of the current financial year was Rs 668 crore.
The company’s income also declined to Rs 414 crore in the quarter under review, which was Rs 1,294 crore in the September quarter. Jio Financial Services, which was separated from Reliance Industries, is engaged in the business of investment and financing, insurance broking, payments bank etc. The company and BlackRock have agreed to form a joint venture to enter the asset management industry.
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