Jio Financial Services Q2 earnings: Since the business's August bourse listing, these were the first quarterly numbers the company has released.
This was the company’s first-ever quarterly results since listing.
In its first quarterly report since going public on bourses in August, Jio Financial Services declared a net profit of Rs 668 crore for the July-September period on October 16. This is a 101 percent increase from the previous quarter.
The non-banking financial corporation (NBFC), which was split off from Reliance Industries by Mukesh Ambani, brought in a total of Rs 608 crore during the quarter. In contrast, the lender's interest income for the April–June FY24 quarter was Rs 186 crore, down from Rs 202 crore.
The institution has a total market capitalization of Rs 1.43 lakh crore, per statistics on the exchanges.
Furthermore, the business announced in an exchange statement that AR Ganesh will take over as Group Chief Technology Officer on October 16, 2023. Ganesh previously oversaw cybersecurity as the Chief Information Security Officer (CISO) of ICICI Bank.
On October 16, Jio Financial Services' shares ended trading at Rs 224.85 a share on the BSE, up 0.13 percent.
