Jio Financial Services Limited, a non-banking financial company (NBFC) of Reliance Industries, has made a profit of Rs 689 crore in the second quarter of the financial year 2024-25.
There has been an increase of 3.13% on annual basis. The company had made a profit of Rs 668.18 crore in the same quarter a year ago.
Net interest income was ₹205 crore and revenue was ₹693.50 crore.
Jio Finance's net interest income (NII) stood at Rs 204.98 crore in the July-September quarter. It was Rs 186.06 crore in the same quarter a year ago. There is an increase of 10.16% on annual basis.
Whereas the total revenue was Rs 693.50 crore. There has been an increase of 14.05% on annual basis. The NBFC had generated a revenue of Rs 608.04 crore in the July-September quarter of the financial year 2023-24.
Jio Finance shares fell 4.99% in a month
Shares of Jio Financial Services Limited closed at Rs 329 today (Friday, October 18) after a slight rise. The company's shares have given negative returns of 3.74% in the last 5 days, 4.99% in one month and 12.90% in 6 months.
Shares of the finance company have risen 52.59% in one year and 40.52% this year i.e. from January 1 till now. The market capitalization of the company is Rs 2.10 lakh crore. In the last three months, the market-cap of the company has decreased by about Rs 16,000 crore.
Jio Financial Services was formed in 1999
Jio Financial Services Limited was incorporated on 22 July 1999 as Reliance Strategic Investments Private Limited. Subsequently, the name of the company was changed to Reliance Strategic Investment Limited. The name of the company was changed to 'Jio Financial Services Limited' by issuing a new certificate of incorporation on 25 July 2023.
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Reliance's profit of ₹ 16,563 crore in July-September quarter: 4.77% less on annual basis; Jio's net profit increased by 14% to ₹6,231 crore
Reliance Industries has today (October 14) released the results for the second quarter of the financial year 2024-25. In this the company has made a profit of Rs 16,563 crore. There has been a decline of 4.77% on annual basis. In the same quarter a year ago, the company's consolidated net profit was Rs 17,394 crore.
At the same time, the company's income in the July-September quarter was Rs 2,35,481 crore. In the same quarter a year ago, the company had generated a revenue of Rs 2,34,956 crore. There has been a slight increase of 0.22% on annual basis.
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