Jio Financial Services Q3 Results: A Stellar Performance by RIL's Financial Arm

Jio Financial Services, a subsidiary of Reliance Industries Limited experienced a 101% rise in Q3 net profit & a 47% rise in total operational revenue

Jio Financial Services Q3 Results: A Stellar Performance by RIL's Financial Arm

Table of Contents Jio Financial Services, the non-banking financial company (NBFC) of Reliance Industries Limited (RIL), announced its third quarter results for the financial year 2024 on January 15. The company has announced a net profit of Rs 1,344 crore, which is a hike of a whopping 101 percent from the previous quarter's Rs 668 crore. A comparable growth of about 47 percent was evident in the total revenue from operations rising to Rs 1,216 crore from Rs 608 crore recorded during the second quarter. The company reported impressive earning performance as the present core segments consumer finance, digital payments and wealth management all showed strong. Besides, the company tapped synergies with its own parent company RIL that has been ranked as India's largest private sector company and Indian energy and materials conglomerate Reliance Group leader. Consumer Finance: A Core Growth Driver Jio Financial Services tenders to its customers a wide array of consumer finance product…

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