November 11, 2024 19:18 (IST)
Follow us:
facebook-white sharing button
twitter-white sharing button
instagram-white sharing button
youtube-white sharing button
A lot of countries are nervous about the US, India not among them: Jaishankar | Supreme Court denies bail to Prajwal Revanna in rape and sexual assault cases | Kashmir: Security forces ramp up search operation against militants in Kishtwar after para commando dies in encounter | Justice Sanjiv Khanna takes oath as 51st Chief Justice of India | Congress wants to return to power dividing castes: PM Modi in Maharashtra
Jio Financial Q2FY25 net profit rises 3% YoY to Rs 689 cr

Jio Financial Q2FY25 net profit rises 3% YoY to Rs 689 cr

| @indiablooms | 18 Oct 2024, 09:06 pm

Mumbai: Jio Financial Services Ltd, which was spun off from Reliance Industries Ltd and listed on the stock exchanges last year, reported a year-on-year 3% increase in net profit to Rs 689 crore for the quarter ending September 30, according to media reports.

Revenue for the fiscal second quarter rose 14% to Rs 693.5 crore, up from Rs 608 crore in the same period last year, according to the company’s regulatory filing on October 18, reported Moneycontrol.

JFSL, in partnership with BlackRock, the world’s largest asset manager, has announced ventures to enter the asset management and broking sectors in India.

Shortly after its demerger from Reliance Industries in July 2023, the company revealed the formation of a 50:50 joint venture with BlackRock to launch asset management services in the country.

Recently, the companies received approval from SEBI to act as co-sponsors and establish a mutual fund business in India.

Support Our Journalism

We cannot do without you.. your contribution supports unbiased journalism

IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.

Support objective journalism for a small contribution.