Jio Financial Services Ltd on July 17 reported consolidated net profit of Rs 325 crore for the quarter ended June 30, 2025.
It reported consolidated revenue from operations of Rs 612 crore for Q1FY26.
The firm made exceptional gain of Rs 28.57 crore in the June quarter.
"During the quarter, the Parent Company acquired 7, 90,80.000 equity shares of Jio Payments Bank Limited (JPBL) from
State Bank of India representing 14.96% of equity share capital of JPBL for Rs. 104.54 crore. Consequently. JPBL has
become a wholly owned subsidiary effective from June 18 2025. Exceptional item represents the excess of fair value gain
on remeasurement of investment in JPBL of Rs 439.16 crore over the goodwill of Rs 410.59 crore relating to this acquisition," the company said in a stock exchange filing.
The firm reported net interest income of Rs 264 crore in Q1FY26. Jio Financial's Assets Under Management were Rs 11,670 crore as on June 30.
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