Jio Financial Services Ltd on Friday reported a consolidated net profit of Rs 310.63 crore in the fourth-quarter (Q4 FY24), up 5.72 per cent sequentially from Rs 293.82 crore in December quarter (Q3 FY24).
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.
Mukesh Ambani group’s financial services company Jio Financial Services has reported a net profit of Rs294 crore for fiscal third quarter (October-December 2023), down 56 per cent from Rs668.18 crore
Jio Financial shares were trading 6.26 per cent lower at Rs 250.10 on BSE. Ahead of its quarterly results, the stock was up 4.55 per cent on Monday, 1.47 per cent on Friday and 4.64 per cent on Thursday.