Jio Financial Services Q3 net profit falls 56 pc to Rs 294 crore
Monday, 15 January 2024 Jio Financial Services Ltd, a leading Indian company, has announced a significant decline in its consolidated net profit for the third quarter ending December 2023. According to a regulatory filing, the company reported a 56% decrease, with the net profit standing at Rs 294 crore. This is in comparison to the previous quarter's net profit of Rs 668 crore. Furthermore, Jio Financial Services also experienced a decrease in revenue for the same period. The revenue dropped to Rs 414 crore, as compared to Rs 608 crore in the September quarter.
At Wiser Financial Coaching, we believe that education is key to achieving long-term financial success. As a leading financial services advisor in Durham, we are dedicated to providing personalized guidance and support to help you achieve your financial goals.
RIL's Q3FY24 profit grew 10% to Rs 19,641 crore, driven by its digital services (Jio) and retail businesses. Jio's ARPU was at Rs 182, with a subscriber base of... IndiaTimes
Monday, 15 January 2024
