Hot Pursuit     17-Oct-23
Jio Financial Services Q2 PAT soars twice QoQ to Rs 668 cr
Jio Financial Services (JFSL) reported 101.31% increase in consolidated net profit to Rs 668 crore in Q2 FY24 as compared with Rs 332 crore in Q1 FY24.
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.

Previous News
  Sensex climbs 260 pts; bank shares in demand
 ( Market Commentary - Mid-Session 19-Jun-24   14:40 )
  Jio Fin appoints S. Anantharaman as group CRO
 ( Hot Pursuit - 19-Jun-24   14:07 )
  Jio Financial Services appoints Group Chief Risk Officer
 ( Corporate News - 19-Jun-24   13:50 )
  Shares of Jio Financial Services get listed
 ( Corporate News - 21-Aug-23   09:43 )
  Jio Leasing Services invests Rs 2.50 cr in JV - Reliance International Leasing IFSC
 ( Corporate News - 28-Mar-24   09:14 )
  Jio Financial Services announces board meeting date
 ( Corporate News - 06-Jan-24   11:20 )
  Jio Finance receives ratings action from CRISIL
 ( Corporate News - 01-Feb-24   11:22 )
  Jio Financial posts PAT of Rs 311 crore for Q4 FY24
 ( Hot Pursuit - 20-Apr-24   12:15 )
  Jio Financial Services launches beta version of "JioFinance" app
 ( Corporate News - 30-May-24   17:33 )
  Jio Financial Services standalone net profit rises 237.65% in the March 2024 quarter
 ( Results - Announcements 19-Apr-24   21:55 )
  Jio Financial rallies 20% in five days
 ( Hot Pursuit - 04-Sep-23   15:42 )
Other Stories
  Inox Green Energy board OKs fund raising proposal
  22-Jun-24   17:00
  Cipla Goa facility gets 6 USFDA observations
  22-Jun-24   16:22
  EIH CFO Kallol Kundu resigns
  22-Jun-24   14:20
  Sky Gold acquires entire stake in Starmangalsutra & Sparkling Chains
  22-Jun-24   13:31
  TVS Motor inks pact with CSC Grameen eStores for its CV range
  22-Jun-24   12:27
  Prestige Estates to raise Rs 5000 crore via QIP
  22-Jun-24   11:59
  JSW Energy arm bags LoA from SECI
  22-Jun-24   10:56
  RVNL emerges as L-1 bidder for Rs 191-cr railway project
  22-Jun-24   09:54
  Bajaj Consumer hits 52-week high as board OKs Rs 166-cr share buyback
  21-Jun-24   15:28
  GRM Overseas rallies as board OKs Rs 136-cr preferential issue
  21-Jun-24   15:19
Back Top