Jio Financial Services, on Monday, posted a net profit of Rs 668 crore for the July-September period in its first quarterly statement since listing on bourses in August, a 101% increase from the previous quarter.
The company said its second-quarter profit doubled from the previous quarter, in its first results report after being carved out from Reliance Industries and listed on stock exchanges.
The non-banking financial company's (NBFC) total income for the quarter was Rs 608 crore. The lender's interest income was Rs 186 crore, down from Rs 202 crore in the April-June FY24 quarter.
According to exchange data, the lender's entire market capitalisation is Rs 1.43 lakh crore.
(Edited by : Ajay Vaishnav)
Disclosure: Reliance Industries Ltd, which owns Jio, is the sole beneficiary of Independent Media Trust that controls Network18, the parent company of CNBCTV18.com.
Jio Financial Services records 101% profit surge in first post-listing quarterly report - CNBCTV18
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