Jio Financial Services Q2 earnings: Net profit rises 101% QoQ to Rs 668 crore
Jio Financial Services on October 16, in its first quarterly results after listing on the stock exchanges in August, reported a net profit of Rs 668 crore for the July-September period, up 101 per cent from the previous quarter.
The non-banking finance company (NBFC) spun out from Mukesh Ambani’s Reliance Industries had total income of Rs 608 crore for the quarter. While the lender’s interest income declined to Rs 186 crore in the April-June FY24 quarter from Rs 202 crore.
According to exchange data, the total market capitalization of the lender stands at Rs 1.43 lakh crore.
Additionally, the company also said in an exchange notification that AR Ganesh has been appointed as Group Chief Technology Officer with effect from September 16, 2019. October 16, 2023. Prior to this, Ganesh was the Chief Information Security Officer (CISO) at ICICI Bank and had overall oversight over cyber security.
Shares of Jio Financial Services closed 0.13 per cent higher at Rs 224.85 per share on the BSE on October 16.
