Before Market Opens
Jio Financial Services witnessed a significant reduction in its financial performance for the quarter ending December 2023 (Q3 FY24). The company reported a net profit of ₹293.82 crore, marking a sharp decline of 56% from the previous quarter’s ₹668.18 crore. Revenue from operations also saw a substantial drop, decreasing by 32% to ₹413.61 crore from ₹608.04 crore in Q2FY24.
Jio Financial Services Reports Decline in Q3 Profit and Revenue