Jio Financial Q3 Results Update

Jio Financial Services reported a net profit of Rs 293 crore (a 56% decrease from the previous quarter) against Rs 668 crore.

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The company’s revenue also decreased 32% from the previous quarter, to Rs 413.61 crore.

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Jio Financial’s expenses for the quarter were Rs 98.95 crore, an increase from the previous quarter’s Rs 71.43 crore.

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The company’s net interest income and total revenue also decreased.

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The company also recently appointed two new executives.

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Jio Financial plans to launch two new businesses: supply chain financing and leasing.

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