Jio Financial Services on October 16 reported a net profit of Rs 668 crore for the July-September period in its first quarterly result after it listed on bourses in August, a jump of 101 percent from the previous quarter.
Spun out from Mukesh Ambani's Reliance Industries, the non-banking financial company’s (NBFC) total income was at Rs 608 crore for the quarter. Whereas the lender's interest income was at Rs 186 crore, dropping from Rs 202 crore in the April-June FY24 quarter.
According to data on the exchanges, the lender’s total market capitalizaton is at Rs 1.43 lakh crore.
Additionally, the company in an exchange notification also said that AR Ganesh is appointed as the Group Chief Technology Officer w.e.f. October 16, 2023. Earlier, Ganesh was the Chief Information Security Officer (CISO) at ICICI Bank having overall oversight on Cybersecurity.
Shares of Jio Financial Services closed for trading on October 16 at Rs 224.85 a piece on BSE, 0.13 percent up.
Disclosure: Moneycontrol is a part of the Network18 group. Network18 is controlled by Independent Media Trust, of which Reliance Industries is the sole beneficiary.
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