Will Tomorrow’s Market Accept Jio? Jio Financial Q3 Results Update

  • Jio Financial Services, a subsidiary of Reliance Industries, reported a net profit of Rs 293 crore (a 56% decrease from the previous quarter) for the December quarter, down from Rs 668 crore in the previous quarter. The company’s net interest income was Rs 269 crore for the quarter.
Jio Financial Q3 Results Update
  • The company’s revenue also decreased 32% from the previous quarter, to Rs 413.61 crore.
  • Jio Financial’s expenses for the quarter were Rs 98.95 crore, an increase from the previous quarter’s Rs 71.43 crore.
  • The company’s net interest income and total revenue also decreased.
  • The company also recently appointed two new executives.
  • Jio Financial plans to launch two new businesses: supply chain financing and leasing.

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