Jio Financial Services Q3 results highlights: JFSL reports net profit of ₹293 crore
- cJio Financial Services Q3 results highlights: Here are all the latest updates on the quarterly results of JFSL.
Jio Financial Services Q3 results highlights: The Q3 result of Jio Financial Services Limited (JFSL) has been announced by the Reliance-affiliated company on Monday, January 15. The Q3 results of Jio Financial Services were highly anticipated, only being the second quarterly results of the company since the massive demerger from its parent firm Reliance Industries Limited (RIL)....Read More
Along with the Q3 results of JFSL, the top management of the firm also shared a detailed report to the analysts on the overall financial performance of the firm over the first nine months since it was demerged from RIL. The quarterly reports were shared for the months of October, November, and December of 2023.
Meanwhile, the anticipation over the quarterly reports of Jio Financial Services has led to a high demand for its stock, with the share price surging around nine per cent in the first 15 days of January 2024.
Jio Financial Service was carved out of Reliance Industries in 2023, and this is its second quarterly report since the demerger. The stocks of Jio Financial currently stand at ₹258.95, nearly two per cent up from January 14.
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- 15 Jan 2024, 08:49:07 PM IST
Jio Financial Services Q3 results: December expenses stood at ₹98 cr
The December quarter's total expenses of Jio Financial Services came to ₹98.95 crore. In Septemeber, it was ₹71.43 crore.
- 15 Jan 2024, 07:03:46 PM IST
Jio Financial Services Q3 results: Company announces two new appointments
In an exchange notification, Jio Financial Services said that it has made two new appointments in the senior management.
"Board of Directors, on the recommendation of the Nomination and Remuneration Committee and Audit Committee, approved the appointment of Rupali Adhikari Sawant as Group Head - Internal Audit of the Company with effect from January 15, 2024 and Sudheer Reddy Govula as Group Chief Compliance Officer of the Company in accordance with RBI Circular on Compliance Function and Role of Chief Compliance Officer, for a period of four years with effect from January 15, 2024," the company said.
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- 15 Jan 2024, 07:00:36 PM IST
Jio Financial Services Q3 results LIVE: Consolidated revenue down by 32%
The consolidated revenue from operations of Jio Financial Services slumped 32% on a sequential basis to ₹413.61 crore from the previous ₹608.04 crore, according to Mint.
- 15 Jan 2024, 06:58:17 PM IST
Jio Financial Services Q3 results LIVE: Company reports net profit of ₹293 cr
Jio Financial Services has reported a net profit of ₹293 crore for the December quarter of the current financial year. This is lower than the previous quarter's ₹668 crore profit.
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- 15 Jan 2024, 06:35:35 PM IST
Jio Financial Services Q3 results LIVE: What was the Q2 result?
In October, Jio Financial Services announced a net profit of ₹668.2 crore. This was double than what it had earned the quarter before.
- 15 Jan 2024, 04:25:00 PM IST
Jio Financial Services Q3 results LIVE: Company seeks approval for news CEO and MD appointment
According to a filing by Jio Financial Services, it has sought permission from the Central Government to appoint Hitesh Kumar Sethia as the company's managing director (MD) and chief executive officer (CEO), reports Mint.
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- 15 Jan 2024, 03:53:20 PM IST
Jio Financial Services Q3 results LIVE: Jio closes nearly 5 pc
The shares of Jio Financial Services close at nearly 5 percent of its opening price on Monday, with the shares priced at ₹267.53 apiece.
- 15 Jan 2024, 03:32:23 PM IST
Jio Financial Services Q3 results LIVE: Stock predictions
According to projections, it is likely that Reliance shares will rally over ₹3000 in the next market session while JFSL shares are expected to cross ₹290 tomorrow.
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- 15 Jan 2024, 03:11:46 PM IST
Jio Financial Services Q3 results LIVE: RIL share price up
Ahead of the Q3 result of JFSL, the share prices of Reliance Industries also jumped up to a new all-time high, currently at ₹2,789.
- 15 Jan 2024, 02:52:42 PM IST
Jio Financial Services Q3 results LIVE: RII Q3 results soon
Not just Jio Financial Services, but Reliance Industries Infrastructure is also expected to release its quarterly results soon, most likely today.
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- 15 Jan 2024, 02:26:02 PM IST
Jio Financial Services Q3 results LIVE: Shares up by 11 percent
After showing a 9 percent growth in early trade hours, JFSL shares have now jumped up by 11 percent for the month, standing at ₹269 apiece.
- 15 Jan 2024, 02:03:41 PM IST
Jio Financial Services Q3 results LIVE: Revenue recap
For the first six months that ended on September 2023, JFSL showed a net revenue of ₹1022 crore, with an overall profit of ₹1000 crore, according to KRChoksey Research.
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- 15 Jan 2024, 01:37:56 PM IST
Jio Financial Services Q3 results LIVE: Reliance Industries results this week
Reliance Industries Limited (RIL), the biggest conglomerate of the country, will be revealing its Q3 results this week on Friday, January 19.
- 15 Jan 2024, 01:19:38 PM IST
Jio Financial Services Q3 results LIVE: 11 pc rise in one month
Jio Financial Services share prices have rallied over 11 percent over the last one month, showing exponential rise nearing its Q3 results.
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- 15 Jan 2024, 12:53:18 PM IST
Jio Financial Services Q3 results LIVE: Venture with BlackRock
Jio Financial Services in October 2023 submitted papers to SEBI proposing a joint venture with BlackRock Financial Management. The documents are currently under review with SEBI.
- 15 Jan 2024, 12:22:37 PM IST
Jio Financial Services Q3 results LIVE: Total operations doubled
Jio Financial's total revenue from operations increased 47 percent last quarter, leading to the profits nearly doubling till September. Similar results are anticipated for Q3.
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- 15 Jan 2024, 12:06:26 PM IST
Jio Financial Services Q3 results LIVE: Share price may rise
With Sensex and Nifty hitting a record high today, it is expected that JFSL shares will also hit a new high today after its Q3 results are announced.
- 15 Jan 2024, 11:38:55 AM IST
io Financial Services Q3 results LIVE: Stock performance
After the demerger in August 2023, Jio Financial Services has had a stunted growth on the stock market. However, its shares rallied last week along with RIL, making Mukesh Ambani the richest person in India once again.
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- 15 Jan 2024, 11:23:36 AM IST
Jio Financial Services Q3 results LIVE: Predictions
KRChoksey Shares and Securities said in a January note that JFSL shows great promise, which has led to its shares rallying in the stock market. It is expected that the firm's profits will further grow from the last quarter.
- 15 Jan 2024, 11:06:44 AM IST
Jio Financial Services Q3 results LIVE: Profits double last quarter
The profits of Jio Financial Services have doubled in September, according to the last quarter result. The Non-Banking Financial Company (NBFC) reported a doubling of profit at ₹668 crore in September 2023.
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- 15 Jan 2024, 10:55:58 AM IST
Jio Financial Services Q3 results LIVE: Share prices rally
In January 2024, the share prices of Jio Financial Services are already up by 9 percent. Meanwhile, the shares of JFSL stood at ₹258.95 today, up 1.53 percent as of 11:00 am.
- 15 Jan 2024, 10:49:54 AM IST
Jio Financial Services Q3 results LIVE: Another Reliance firm result today
Apart from JFSL, it is likely that the Q3 results of Reliance Industries Infrastructure will also be out today, January 15. However, JFSL will hold the prime focus.
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