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Total revenue from operations jumped 46.82% to Rs 608 crore from Rs 414 crore.
Profit before tax stood at Rs 754.43 crore, up 76.56% as compared with Rs 427.30 crore posted in previous quarter current fiscal.
Total expenses jumped 32.74% to Rs 71.43 crore in Q2 FY24 as compared with Rs 53.81 crore in Q1 FY24. Employee benefit expenses stood at Rs 31.16 crore (up 166.78% QoQ).
The NBFC's consolidated net profit declined 33.19% to Rs 668.18 crore in Q2 FY24 as compared with Rs 1,000.10 crore posted in Q2 FY23.
Meannwhile, the board has approved the appointment of AR Ganesh as Group Chief Technology Officer forming part of senior management personnel (SMP) of the company with effect from 16 October 2023.
Jio Financial Services is a Non-Banking Financial Company registered with the Reserve Bank of India and engaged in business of finance, trading in futures and options, trading / investments in shares and securities.
The scrip rose 0.96% to Rs 227 on the BSE.
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