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.  

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.