New Delhi, Oct. 15 -- Jio Financial Services Ltd on Thursday reported a 51 per cent decline in consolidated net profit to Rs 340.44 crore for the September quarter, hit by higher expenses.
The company posted a net profit of Rs 695 crore in the year-ago period.
Its total income rose about 70 per cent to Rs 1,699.41 crore in the second quarter of FY27 from Rs 1,002.40 crore in the corresponding quarter of the previous fiscal year, according to a regulatory filing.
Interest income rose to Rs 1,257.68 crore in the July-September quarter from Rs 392.37 crore in the year-ago period.
The company's total expenses rose to Rs 1,166 crore during the quarter from Rs 436.50 crore in the corresponding period last fiscal.
Shares of Jio Financial Services settled at Rs 218.75 on the BSE, up 0.09 per cent from the previous close.
Published by HT Digital Content Services with permission from Millennium Post.