October 19, 2024
New Delhi, India
Jio Financial Services Ltd
Jio Financial Services Ltd (JFSL) reported a 3% rise in net profit to ₹689 crore for Q2 FY25, as per its regulatory filing on October 18. Revenue climbed 14% to ₹693.5 crore, compared to ₹608 crore in the same quarter last year.
Key Highlights:
- Net Profit: ₹689 crore (+3% YoY)
- Revenue: ₹693.5 crore (+14% YoY)
- Share Price: Closed at ₹329.6 on BSE
- Joint Venture: JFSL and BlackRock have partnered to launch asset management services in India.
Financial Overview:
- The company reported a 9.47% YoY topline growth and a 120.41% rise in profit compared to the previous quarter.
- Expenses: Selling and administrative costs surged 73.97% QoQ and 117.3% YoY, raising concerns about profit margins.
- EPS: ₹1.1 (+4.14% YoY)
Stock Performance:
- YTD Return: 41.3%
- 52-Week Range: ₹204.25 – ₹394.7
- Recent Returns: -13.02% over six months.
JFSL, carved out from Reliance Industries in 2023, continues to expand its financial services footprint with new ventures, including its partnership with BlackRock.
Check Q2 results
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