Jio Financial Services posted a consolidated net profit of INR 294.78, up 0.3% from INR 293.82 Cr in the year-ago quarter
Revenue from operations rose 5.7% to INR 438.35 Cr during the quarter under review from INR 414.33 Cr in Q3 FY24
Total expenses went up 32.1% to INR 130.75 Cr in Q3 FY25 from INR 98.95 Cr in the year-ago quarter
Fintech company Jio Financial Services (JFS) posted a consolidated net profit of INR 294.78 Cr in the third quarter of the financial year 2024-25 (Q3 FY25), a mere 0.3% increase from INR 293.82 Cr in the year-ago quarter.
Sequentially, net profit plunged 57% from INR 689.07 Cr.
JFS’ revenue from operations rose 5.7% to INR 438.35 Cr during the quarter under review from INR 414.33 Cr in Q3 FY24. On a quarter-on-quarter basis, the number declined 36.8% from INR 693.50 Cr.
Including other income of INR 10.54 Cr, the fintech company’s total revenue for Q3 FY25 stood at INR 448.89 Cr.
Total expenses went up 32.1% to INR 130.75 Cr in Q3 FY25 from INR 98.95 Cr in the year-ago quarter. However, expenses slid 32.3% on a QoQ basis from INR 146.07 Cr.
(The story will be updated soon.)
