Jio Financial Services Q1 Results: Cons PAT falls 6% YoY to Rs 313 crore, revenue up 1%

Jio Financial Services on Monday reported a 6% year-on-year decline in its June quarter net profit to Rs 313 crore versus Rs 332 crore reported by the company in the corresponding period of the last financial year. Total revenue from operations for the reported quarter stood at Rs 418 crore, higher by 0.9% over Rs 414 crore reported in the year-ago period.

Interest income for the reported quarter stood at Rs 162 crore, down from Rs 281 crore in Q4FY24 and Rs 202 crore in Q1FY24.

On a sequential basis, profit after tax (PAT) for the reported quarter was 0.64% up from Rs 311 crore.

Meanwhile, revenue witnessed a marginal decline from Rs 418 crore reported in the January-March quarter.

The earnings were announced after market hours and the stock had ended at Rs 355.70 on the NSE, up by Rs 5.35 or 1.53% over Friday’s closing price.

On a standalone basis, the PAT for the reporting quarter stood at Rs 72 crore versus 78 crore reported in the January-March quarter and Rs 145 crore in the year-ago period. Total standalone revenue from operations stood at Rs 134 crore in the reported quarter as against Rs 141 crore in Q4FY24 and Rs 215 crore in Q1FY24.

More to come…..

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Omprakash Tiwary

Omprakash Tiwary is a business writer who delves into the intricacies of the corporate world. With a focus on finance and economic landscape. He offers readers valuable insights into market trends, entrepreneurship, and economic developments.

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