Jio Finance Earns Profit: Jio Finance earned huge profits, know how many hundred crores profit it earned…

Jio Finance Earns Profit: Jio Financial Services Limited, the non-banking financial company (NBFC) of Reliance Industries, has earned a profit of Rs 689 crore in the second quarter of the financial year 2024-25.

There has been an increase of 3.13% on annual basis. In the same quarter a year ago, the company had made a profit of Rs 668.18 crore.

Net interest income was Rs 205 crore and revenue was Rs 693.50 crore.

Jio Finance's net interest income (NII) in the July-September quarter stood at Rs 204.98 crore. It was Rs 186.06 crore in the same quarter a year ago. There has been an increase of 10.16% on annual basis.

At the same time, the total revenue was Rs 693.50 crore. There has been an increase of 14.05% on annual basis. In the July-September quarter of the financial year 2023-24, the NBFC generated revenue of Rs 608.04 crore.

Jio Finance Earns Profit: Jio Finance shares fall by 4.99% in a month

Shares of Jio Financial Services Limited closed at Rs 329 today (Friday, October 18) after a slight gain. The company's shares have given negative returns of 3.74% in the last 5 days, 4.99% in one month and 12.90% in 6 months.

The shares of the finance company have increased by 52.59% in one year and this year i.e. from January 1 till now by 40.52%. The market capitalization of the company is Rs 2.10 lakh crore. In the last three months, the market-cap of the company has decreased by about Rs 16,000 crore.