Jio Finance – Reliance Industries’ non-banking financial company (NBFC) Jio Financial Services Limited has made a profit of Rs 689 crore in the second quarter of the financial year 2024-25.
It has increased by 3.13% on an annual basis. In the same quarter a year ago, the company had a profit of Rs 668.18 crore.
Net interest income stood at ₹205 crore and revenue at ₹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% in this on an annual basis.
At the same time, the total revenue stood at Rs 693.50 crore. It has increased by 14.05% on an annual basis. In the July-September quarter of FY 2023-24, the NBFC generated a revenue of Rs 608.04 crore.
Jio Finance shares fell 4.99% in a month
Shares of Jio Financial Services Limited today (Friday, 18 October) closed at Rs 329 after a slight rise. The company’s stock has given a negative return of 3.74% in the last 5 days, 4.99% in one month and 12.90% in 6 months.
The finance company’s stock has risen 52.59% in one year and 40.52% this year, from January 1 to now. The company’s market capitalization is Rs 2.10 lakh crore. In the last three months, the company’s market cap has decreased by about Rs 16,000 crore.
Jio Financial Services was established in 1999
Jio Financial Services Limited was incorporated on 22 July 1999 as Reliance Strategic Investment Private Limited. Subsequently, the company changed its name to Reliance Strategic Investment Limited. On 25 July 2023, the company changed its name to ‘Jio Financial Services Limited’ by issuing a fresh certificate of incorporation.
