Jio Financial Services Reports Twofold Increase In Net Profit: Q2 Results

Revenue Growth

In the latest financial report, Jio Financial Services announced that their net profit increased by two times in the second quarter of FY24 compared to the previous quarter.

Their consolidated net profit reached Rs 668.18 crore, up from Rs 331.92 crore. The company’s revenue also grew by 47 per cent to Rs 608.04 crore. JFS plans to venture into the insurance sector and has appointed AR Ganesh as the Group Technology Officer. Ganesh previously served as ICICI Bank’s Chief Information Security Officer.

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