Total income jumped 14.11% to Rs 693.85 crore during the quarter as compared with Rs 608.04 crore in corresponding quarter last year. The company's interest income climbed 19.88% year on year (YoY) to Rs 204.98 crore for the quarter ended 30 September 2024. Profit before tax (PBT) stood at Rs 773.49 in Q2 FY25, up 2.53% as compared with Rs 754.43 crore in Q2 FY24. Total expenses surged 104.49% to Rs 146.07 crore while employee benefit expenses surged 117.3% to Rs 67.71 crore in Q2 FY25 over Q2 FY24. Pre-provisioning operating profit jumped 2.79% to Rs 552 crore in Q2 FY25 as compared with Rs 537 crore posted in corresponding quarter last year. Jio Financial Services is a non-banking financial company (NBFC) registered with the Reserve Bank of India (RBI) and engaged in business of finance, trading in futures and options, trading / investments in shares and securities. The scrip rose 0.06% to settle at Rs 330.75 on the BSE.Powered by Capital Market - Live

Total income jumped 14.11% to Rs 693.85 crore during the quarter as compared with Rs 608.04 crore in corresponding quarter last year. The company's interest income climbed 19.88% year on year (YoY) to Rs 204.98 crore for the quarter ended 30 September 2024. Profit before tax (PBT) stood at Rs 773.49 in Q2 FY25, up 2.53% as compared with Rs 754.43 crore in Q2 FY24. Total expenses surged 104.49% to Rs 146.07 crore while employee benefit expenses surged 117.3% to Rs 67.71 crore in Q2 FY25 over Q2 FY24. Pre-provisioning operating profit jumped 2.79% to Rs 552 crore in Q2 FY25 as compared with Rs 537 crore posted in corresponding quarter last year. Jio Financial Services is a non-banking financial company (NBFC) registered with the Reserve Bank of India (RBI) and engaged in business of finance, trading in futures and options, trading / investments in shares and securities. The scrip rose 0.39% to settle at Rs 330.55 on Friday, 18 October 2024.Powered by Capital Market - Live

Net profit of Jio Financial Services rose 3.13% to Rs 689.07 crore in the quarter ended September 2024 as against Rs 668.18 crore during the previous quarter ended September 2023. Sales rose 14.06% to Rs 693.50 crore in the quarter ended September 2024 as against Rs 608.04 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales693.50608.04 14 OPM %79.7589.14 - PBDT779.10759.83 3 PBT773.49754.43 3 NP689.07668.18 3 Powered by Capital Market - Live

Jio Financial Services will hold a meeting of the Board of Directors of the Company on 18 October 2024.Powered by Capital Market - Live

The new and improved JioFinance App, a one-stop destination for seamless and digital-first financial services, is now available on the Google Play Store, Apple App Store and MyJio, with a wide range of attractive offerings. A beta version of the JioFinance App was launched on 30 May 2024. Over six million users have experienced Jio Financial Services' (JFSL) new-age digital platform, and the valuable customer feedback received was instrumental in improving the app's overall user experience. A wide array of financial products and services have been added since the Beta launch, including Loan on Mutual Funds, Home Loans (including Balance Transfer), and Loan Against Property. These loans are available at competitive terms and will offer substantial savings for our customers. On the savings front, the digital savings account from Jio Payments Bank (JPBL), which can be opened digitally in under 5 minutes, offers a secure bank account with biometric authentication and a physical debit card. Over 1.5 million customers manage their routine, recurring expenses using their JPBL account. Additionally, features such as seamless UPI payments, mobile recharge, and ability to pay credit card bills are empowering customers to transact digitally with ease. The JioFinance app also offers customers an aggregate view of their holdings across different bank accounts and across their mutual fund holdings, helping them manage their finances better. Moreover, the JioFinance app brings as many as 24 insurance plans spanning a comprehensive suite of life, health, two-wheeler and motor insurance digitally. JFSL, along with its joint venture partner BlackRock are also working towards bringing world-class, innovative investment solutions to customers. Powered by Capital Market - Live

Jio Financial Services and BlackRock Advisors Singapore have incorporated a joint venture company named 'Jio BlackRock Investment Advisers' on 06 September' 2024, to carry on, inter alia, the primary business of investment advisory services subject to regulatory approvals. The Company will invest an amount of Rs. 3 crore towards initial subscription of 30,00,000 equity shares of face value Rs. 10/- each. The Certificate of Incorporation was received from the Ministry of Corporate Affairs, on 07 September 2024.Powered by Capital Market - Live

Jio Financial Services has subscribed to 6,80,00,000 equity shares of Rs.10/- each of Jio Payments Bank (JPBL), for cash at par, aggregating Rs. 68 crore for its business purposes. Post this investment, the Company's holding in JPBL has increased from 78.95% to 82.17%Powered by Capital Market - Live

Jio Financial Services has incorporated a wholly owned subsidiary named Jio Finance Platform and Service on 14 August 2024. The new company will carry the business of distribution of financial products and allied services. Powered by Capital Market - Live

Jio Financial Services announced that the Annual General Meeting (AGM) of the company will be held on 30 August 2024.Powered by Capital Market - Live

The frontline equity barometers came off the day's high in early afternoon trade. The Nifty traded above the 24,600 level. FMCG shares extended gains for the eighth consecutive trading session. At 12:30 IST, the barometer index, the S&P BSE Sensex, was up 115.37 points or 0.14% to 80,782.17. The Nifty 50 index rose 45.90 points or 0.19% to 24,632.60. The Sensex and Nifty clocked an all-time high of 80,898.3 and 23,692.25 respectively in mid-morning trade. In the broader market, the S&P BSE Mid-Cap index shed 0.04% and the S&P BSE Small-Cap index gained 0.53%. The S&P BSE Mid-Cap index hit an all-time high at 48,175.21. The market breadth was strong. On the BSE, 2,199 shares rose and 1,586 shares fell. A total of 134 shares were unchanged. Derivatives: The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, added 1.25% to 14.37. The Nifty 25 July 2024 futures were trading at 24,668.20, at a premium of 35.6 points as compared with the spot at 24,632.60. The Nifty option chain for the 25 July 2024 expiry showed maximum Call OI of 37.5 lakh contracts at the 25,000 strike price. Maximum Put OI of 61.2 lakh contracts were seen at 23,500 strike price. Buzzing Index: The Nifty FMCG index rose 0.76% to 60,525.15. The index jumped 6.07% in eight consecutive trading sessions. Hindustan Unilever (up 2.47%), Tata Consumer Products (up 1.96%), Marico (up 1.85%), United Breweries (up 1.62%), Balrampur Chini Mills (up 1.47%), Dabur India (up 1.06%), Colgate-Palmolive (India) (up 1.06%), Godrej Consumer Products (up 0.89%), Britannia Industries (up 0.79%) and Radico Khaitan (up 0.4%) advanced. On the other hand, Varun Beverages (down 1.32%), United Spirits (down 0.79%) and Nestle India (down 0.48%) edged lower. Stocks in Spotlight : Jio Financial Services fell 2.36% after the NBFC reported a 5.81% decline in consolidated net profit to Rs 312.63 crore in Q1 FY25 from Rs 331.92 crore posted in Q1 FY24. Spicejet jumped 5.71% after the company reported standalone net profit of Rs 119 crore in Q4 FY24, steeply higher than Rs 16.85 crore posted in Q4 FY23. Century Textiles and Industries rallied 4.13% after the company said that its wholly owned subsidiary Birla Estates has acquired a 5-acre land parcel in Sector 71, Gurugram.Powered by Capital Market - Live