Jio Financial Services Share End Over 3% Higher as Q1 Profit Doubles

New Delhi, July 17: Shares of Jio Financial Services Ltd (JFSL) climbed over 3 per cent on Friday after the firm reported more than twofold jump in consolidated net profit at Rs 830 crore for June quarter FY27. The stock moved up by 3.12 per cent to settle at Rs 243 on the BSE. During the day, it surged 6 per cent to Rs 249.90.

At the NSE, the stock ended at Rs 242.98, up 3.11 per cent.

The company had earned a consolidated net profit of Rs 325 crore in the same quarter a year ago.

The company’s total income tripled to Rs 2,005 crore as against Rs 619 crore in the June quarter of the previous year, JFSL said in a regulatory filing on Thursday.

Interest income expanded to Rs 962 crore from Rs 363 crore in the same period a year ago. Total expenses increased to Rs 1,016 crore from Rs 261 crore.

Jio Financial Services, carved out from Reliance Industries Ltd, is engaged in the business of investing and financing, insurance broking, payment bank and payment aggregator and payment gateway services.

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