The company earned net profit of Rs3.13 Bn as against the net profit of Rs3.32 Bn in the same period last FY
FinTech BizNews Service
Mumbai, July 15, 2024: Jio Financial Services has today announced unaudited financial results (consolidated and standalone) for the quarter ended June 30, 2024.
The total income of Jio Financial Services increased to Rs4.18 Billion, compared to its income of Rs4.14 Bn at the end of 1st quarter last FY. The company earned net profit of Rs3.13 Bn as against the net profit of Rs3.32 Bn in the same period last FY, registering y/y decline in its June quarter net profit.
The Group, its Associates and Joint Ventures are engaged in the business of Investing & Financing, Leasing, Insurance broking, Payment Bank and Payment Aggregator & Payment Gateway services. Jio Financial Services (the Parent Company), pursuant to the application made to the RBI seeking registration as Core Investment Company (CIC), has received necessary approval and certificate of registration on July 09, 2024 from the RBI and thereby it has become a Non Deposit taking Systemically Important Core Investment Company (CIC-ND-SI) with effect from that date.
The said Financial Results were duly reviewed and recommended by the Audit Committee and approved by the Board of Directors of the Company, at their respective meetings held today. The meeting of the Board of Directors commenced at 5.11 p.m. and concluded at 6.50 p.m, the company said in its Exchange filing.
