Jio Financial net down 6 pc; Revenue marginally up in Q1

New Delhi, Jul 15 (UNI) Reliance Industries promoted Jio Financial Services on Monday announced a nearly 6 percent decline in its net profit at Rs 312.63 crore for the April-June quarter compared to Rs 331.92 crore in the same quarter of last fiscal.

The total revenue from operations, however, posted a marginal rise at Rs 417.82 crore over Rs 414.13 crore in the first quarter, the company said in a regulatory filing with the stock exchanges.

The company also informed that Jio Financial has received approval from the Reserve Bank of India (RBI) to operate as a Core Investment Company.

Leave a Reply