The net profit was Rs 294 crore in the preceding December quarter. For the full year ended March 2024, the financial services company s net profit grew multi-fold to Rs 1,604 crore as against just Rs 31 crore in FY23.
Shares of Jio Financial Services declined 3% ahead of Q4 results. Joint venture with BlackRock, Inc. aims to transform India’s asset management industry. Company demerged from Reliance Industries Ltd last year.