Jio Financial Services Reports Impressive Q2 Earnings with 101% Jump in Net Profit, Reaching Rs 668 Crore

The non-banking financial company, spun out from Reliance Industries, reported a total income of Rs 608 crore for the quarter. However, the lender's interest income declined from Rs 202 crore to Rs 186 crore in the April-June FY24 quarter.

Based on the data from the exchanges, the lender's market capitalization currently stands at Rs 1.43 lakh crore.

AR Ganesh is now the Group Chief Technology Officer, effective October 16, 2023. He was previously the CISO at ICICI Bank, in charge of cybersecurity.

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The trading session on October 16 saw Jio Financial Services' shares closing at Rs 224.85 per share on the BSE,  reflecting a marginal increase of 0.13 percent.