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Jio Financial Services Ltd. Its net profit increased marginally by three per cent to Rs 689 crore for the second quarter ending September 2024. The company had earned a consolidated net profit of Rs 668 crore in the same quarter a year ago. It was Rs 608 crore in the same quarter a year ago.
New Delhi. Jio Financial Services Ltd. Its net profit increased marginally by three per cent to Rs 689 crore for the second quarter ending September 2024. The company had earned a consolidated net profit of Rs 668 crore in the same quarter a year ago. Jio Financial Services said in the information given to the stock market that the total income increased to Rs 694 crore in the quarter under review. It was Rs 608 crore in the same quarter a year ago. However, total expenses doubled to Rs 146 crore as against Rs 71 crore in the same period last year.
The information said that the company had applied to the Reserve Bank for registration as a Chief Investment Company (CIC). Jio Financial Services has received the necessary approvals and registration certificate from the Reserve Bank on July 9, 2024. With this, it has become a Systemically Important Key Investment Company (CIC-ND-SI). Reliance Industries Ltd. Jio Financial Services, which was spun off from Jio, is engaged in investment and financing, insurance broking, payments bank and payment aggregator and payment gateway services.
Disclaimer: Prabhasakshi has not edited this news. This news has been published from PTI-language feed.
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