Jio Financial Services has scheduled a board meeting for the third quarter of the fiscal year 2024–2025 (Q3 FY25) to discuss the outcomes. To announce the company’s Q3 FY25 profits, the board will next meet on Friday, January 17.
In a filing on Friday, January 10, Jio Financial Services—a part of Mukesh Ambani’s Reliance group—told exchanges that, among other things, the company’s board of directors will meet on Friday, January 17, 2025, to review and approve the company’s standalone and consolidated unaudited financial results for the quarter and nine months ending December 31, 2024, by Regulation 29 and other helpful requirements in the Securities and Exchange Committee of India Regulations, 2015.
Following the meeting, the firm’s exchange file was added the same day, and analysts will be given a presentation on the company’s financial performance for the last quarter and nine months ending December 2024.
Jio Financial Q2 Results Performance:
Jio Financial Services’ consolidated net profit increased by 3.1% to ₹689 crore from ₹668 crore during the same year. Compared to ₹312.63 crore in the preceding June quarter, net profit increased by 120% sequentially.
For the second quarter of the current fiscal year, the financial services company’s revenue from operations increased by 14% to ₹693.5 crore from ₹608.04 crore in the same quarter of the previous year. However, compared to the ₹71 crore recorded in the same time last year, overall costs more than doubled to ₹146 crore in the September quarter.
Jio Financial Stock Price Performance
Shares of Jio Financial Services have underperformed in the short term; within the past month, the stock has down 17%. Meanwhile, it has lost 20% over the last six months and 18% in the previous three. Nonetheless, during the past year, the price of Jio Financial’s shares has increased by 16%. Jio Financial Services’ share price closed Friday’s BSE trading session at ₹280.65, down 2.97%.
