Jio Financial Services

2024 - 1 - 15

Jio Financial Services: From Profit Surges to Regulatory Shifts

Financial Services - Jio Financial Services - Net Profit - Q3 Results - Regulatory Developments - Reliance Industries Ltd

Jio Financial Services reports impressive profit growth and regulatory focus on secured lending in Q3 results. Find out more here!

Jio Financial Services, the demerged arm of Reliance Industries Ltd, recently saw a 6% surge in shares ahead of its Q3 results announcement. The company, operating in the financial services sector, recorded a net profit of ₹293.82 crore in the latest quarter, showing a decreased revenue of 32%. Despite the dip, the company remains a significant player in the industry.

In the third quarter of FY24, Jio Financial Services reported a net profit of ₹294 crore, marking a 56% decline from the previous quarter. The company is planning to expand into asset management and insurance sectors, diversifying its business portfolio. Meanwhile, Jio Financial Services saw a consolidated net profit of INR 294 crore, a notable decrease from the previous quarter.

As Jio Financial Services navigates the changing financial landscape, investors are closely watching the company's performance. With an eye on key results like interest income and pre-provisioning operating profit, the market is abuzz with speculations and anticipations. Stay tuned to see how Jio Financial Services continues to evolve and adapt to the dynamic market environment.

In a surprising turn of events, Jio Financial Services announced plans to increase its focus on secured lending following regulatory developments. This strategic shift reflects the company's commitment to compliance and sustainable growth. Additionally, the company's net profit decline in Q3 sheds light on the challenges faced by the financial services sector amidst changing market conditions.

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Image courtesy of "Business Today"

Jio Financial Services shares jump 6% ahead of Q3 results; YTD ... (Business Today)

Jio Financial Services is the demerged arm of Reliance Industries Ltd. It is a holding company, which is operating financial services business through ...

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Image courtesy of "Livemint"

Jio Financial Q3 Results: Net profit recorded at ₹293.82 crore ... (Livemint)

Jio Financial Q3 Results: The quarterly revenue of Jio Financial Services slumped 32% from ₹608.04 crore during the quarter ending September 2023 to ...

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Image courtesy of "मनी कंट्रोल"

Jio Financial Services Q3 results: नेट प्रॉफिट 293 करोड़, NII रही 269 ... (मनी कंट्रोल)

Jio Financial Services को दिसंबर तिमाही में 293 करोड़ रुपये का शुद्ध मुनाफा हुआ जो कि पिछली तिमाही से कम रहा। पिछली तिमाही में कंपनी का मुनाफा ...

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Image courtesy of "CNBCTV18"

Jio Financial Services Q3 results | Net profit at ₹227 crore, interest ... (CNBCTV18)

In the corresponding quarter, Jio Financial Services had posted a net profit of ₹233 crore. Shares of Jio Financial Services Ltd ended at ₹266.80, ...

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Image courtesy of "Moneycontrol.com"

Jio Financial Services Q3 results: Net profit at Rs 293 crore, NII at Rs ... (Moneycontrol.com)

Jio Financial Services Q3 earnings: This is the second quarterly result announcement from the financial services arm of the Reliance Industries after it ...

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Image courtesy of "India Today"

Jio Financial Services reports a dip in quarterly profits (India Today)

The overall revenue for the third quarter amounted to Rs 413 crore. In the previous quarter, JFS had reported a net profit of Rs 668 crore.

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Image courtesy of "The Economic Times"

Jio Financial Services Q3 Results: Consolidated PAT slumps 56 ... (The Economic Times)

Consolidated revenue from operations fell nearly 32% from the previous quarter to Rs 413.61 crore.

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Image courtesy of "ABP News"

Jio Financial Q3 Results: तीसरी तिमाही में 293 करोड़ रुपये हुआ जियो ... (ABP News)

Jio Financial Services: जियो फाइनेंशियल का स्टॉक 269.70 रुपये के लेवल पर जा पहुंचा जो ऐतिहासिक हाई है. स्टॉक आज के सेशन में 266.75 रुपये ...

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Image courtesy of "Business Standard"

Jio Financial Services Q3 results: Net profit down 56% to Rs 294 crore (Business Standard)

Jio Financial Q3: Increases focus on secured lending due to regulatory developments.

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Image courtesy of "दैनिक भास्कर"

जियो फाइनेंशियल सर्विसेज के तीसरी तिमाही के नतीजे: Q3FY24 में नेट ... (दैनिक भास्कर)

जियो फाइनेंशियल सर्विसेज लिमिटेड ने सोमवार (15 जनवरी) को वित्त वर्ष 2023-24 की तीसरी तिमाही (अक्टूबर-दिसंबर-Q3FY24) के नतीजे घोषित कर ...

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Image courtesy of "News18 इंडिया"

Jio Financial Q3 results : दिसंबर तिमाही में कंपनी का नेट प्रॉफिट रहा ... (News18 इंडिया)

Jio Financial Services Q3 results : रिलायंस इंडस्ट्रीज (Reliance Industries) की नई सूचीबद्ध सहायक कंपनी जियो फाइनेंशिनेंयल सर्विसेज (Jio ...

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Image courtesy of "Zee News Hindi"

Mukesh Ambani की एक और कंपनी का आया रिजल्ट, नेट प्रॉफिट में बड़ी ... (Zee News Hindi)

Jio Financial Services Q3 results: आज जियो फाइनेंशियल सर्विसेज (Jio Financial Services) ने वित्त वर्ष 2023-24 की तीसरी तिमाही ...

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Image courtesy of "The Hindu BusinessLine"

Jio Financial Services Q3 net profit declines 56% to ₹294 crore (The Hindu BusinessLine)

Jio Financial Services reports 56% decline in Q3 net profit, plans to enter asset management and insurance sectors.

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Image courtesy of "Business Standard Hindi"

Jio Financial Services Q3 results: अंबानी की कंपनी का मुनाफा आधे से ... (Business Standard Hindi)

रिलायंस इंडस्ट्रीज से अलग हुई जियो फाइनेंशियल सर्विसेज, निवेश और फंडिंग, बीमा ब्रोकिंग, भुगतान बैंक आदि कारोबार में लगी है।

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Image courtesy of "Inc42 Media"

Jio Financial Services Q3: Profit Tanks 56% QoQ To INR 294 Cr As ... (Inc42 Media)

Reliance-owned Jio Financial Services saw its consolidated net profit narrow nearly 56% sequentially to INR 294 Cr in Q3 FY24.

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Image courtesy of "Business Today"

Jio Financial Services shares in focus post Q3 earnings; key results ... (Business Today)

JFS Q3 results: Interest income for the quarter stood at Rs 270 crore against Rs 186 crore in the September quarter. Pre provisioning operating profit for ...

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Image courtesy of "Livemint"

Stocks to Watch: Jio Financial Services, PNC Infratech, NALCO ... (Livemint)

Here are some stocks to watch out for ahead of Tuesday's trading session. Retail stock-broking firm Angel One recorded a net profit of ...

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Image courtesy of "Moneycontrol.com"

Buzzing Stocks: HDFC Bank, Jio Financial Services, RVNL, Angel ... (Moneycontrol.com)

Stocks to watch: Check out the companies making headlines before the opening bell today, on January 16, 2024.

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