The company’s interest income fell 19.88% year on year (YoY) to Rs 161.74 crore for the quarter ended 30 June 2024.

Profit before tax stood at Rs 400.39 crore in June 2024 quarter, down 6.3% from Rs 427.30 crore posted in corresponding quarter previous fiscal.

Total expenses increased 47.46% to Rs 79.35 crore while Employee benefit expenses surged 166.78% to Rs 31.16 crore in Q1 FY25 over Q1 FY24.

Jio Financial Services is a non-banking financial company (NBFC) registered with the Reserve Bank of India (RBI) and engaged in business of finance, trading in futures and options, trading / investments in shares and securities.