Jio Financial shares in focus after Q3 PAT remain flat at Rs 295 crore
Jio Financial Services shares will remain in focus on Monday, January 20, after the company reported a consolidated net profit of Rs 295 crore for the quarter ended December 31, 2024, which remained flat compared to Rs 294 crore posted in the same period last year.
The Mukesh Ambani-promoted company reported total revenue of Rs 438 crore in Q3FY25, marking a 6% increase from Rs 414 crore posted in the corresponding quarter of the previous financial year.
However, net profit fell 57% QoQ, from Rs 689 crore posted in Q2FY25, driven by a 37% sequential decline in revenue. The company had posted Rs 693 crore in revenue in the July-September quarter.
Jio Financial's interest income stood at Rs 210 crore in Q3FY25, down from Rs 270 crore reported in the same period last year, reflecting a 22% YoY decrease. Fees and commission income stood at Rs 37 crore in Q3FY25, 10% lower on both a QoQ and YoY basis.
The assets under management (AUM) stood at Rs 4,199 crore as of December 31, 2024, compared to Rs 1,206 crore in Q2FY25.
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