Jio Financial Q4 Results: Net profit rises 6% QoQ to Rs 311 crore

Jio Financial Services on Friday reported 6% sequential growth in consolidated net profit to Rs 311 crore for the quarter ended March 2024. It was Rs 294 crore in the preceding December quarter.

Consolidated revenue from operations was flat at Rs 418 crore as against Rs 414 crore in the previous quarter.

Total expenses for the March quarter were Rs 103 crore compared with Rs 98 crore in the September quarter.

For the full year ended March 2024, the financial services company's net profit grew multi-fold to Rs 1,604 crore as against just Rs 31 crore in FY23.

Revenues for FY24 also jumped many times to Rs 1,854 crore. The same was at Rs 42 crore in the preceding fiscal.

Total expenses for the March quarter were Rs 103 crore compared with Rs 98 crore in the quarter before.

For the full year ended March 2024, the financial services company's net profit grew multi-fold to Rs 1,604 crore as against just Rs 31 crore in FY23.

Revenues for FY24 also jumped many times to Rs 1,854 crore. The same was at Rs 42 crore in the preceding fiscal.

The consolidated earnings of Jio Financial include that of its subsidiaries, associates, and joint ventures. These are Jio Finance, Jio Payment Solutions, Reliance Industrial Investments and Holdings, Jio Insurance Broking, Jio Infrastructure Management Services, Jio Information Aggregator Services, Reliance Services and Holdings, Petroleum Trust, and JV firm Jio Payments Bank.