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.
JFS shares plunged 7.21 per cent to hit a low of Rs 268.20, before recovering some of the lost ground. The stock was still down 3.77 per cent at Rs 278.15 in the first 15 minutes into trading.