Jio Financial shares in focus on 3% YoY Q2 net profit jump
Jio Financial Services are expected to remain in Focus on Monday following company's Q2 earnings where the company reported a 3% uptick in its net profit to Rs 689 crore for the quarter ended September 2024, versus Rs 668 crore logged in the year-ago period.
Revenue from operations in the reported quarter stood at Rs 693.50 crore, up 14% over Rs 608.04 crore posted by the company in the corresponding quarter of the previous financial year.
On a sequential basis, PAT jumped 120% versus Rs 312.63 crore reported by the company in Q1FY25. Meanwhile, the revenue jumped 66% over Rs 417.82 crore reported in the April-June quarter.
Interest income rose to Rs 205 crore versus Rs 186 crore in Q2FY24 and Rs 162 crore in Q1FY25.
The company's net worth as of September 30, 2024, stood at Rs 1,37,144 crore while its assets under management (AUM) was reported at Rs 1,206 crore.
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