Jio Financial Services announced a net profit of Rs 310 crore for the quarter ending March 2024. During this period, the company recorded a net interest income (NII) of Rs 280 crore. Total income and revenue for the quarter stood at Rs 418 crore each.
In the previous quarter, which ended in December 2023, the company posted a net profit of Rs 293 crore and a net interest income of Rs 269 crore. Total interest income and revenue were reported at Rs 414 crore and Rs 413 crore, respectively.
Following the announcement, shares of Jio Financial Services experienced a decline of 2.17 percent, closing at Rs 370 per share on the BSE.
