Jio Finance Q1 Results | Reliance Finance Services Q1 Quarterly Results 2024 Update | Jio Finance’s profit decreased by 5.81% in the first quarter: Net interest income in April-June was ₹ 161.74 crore, share increased by 42.65% in a year.


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  • Jio Finance Q1 Results | Reliance Finance Services Q1 Quarterly Results 2024 Update

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Jio Financial Services Limited, the non-banking financial company (NBFC) of Reliance Industries, has reported a consolidated net profit of Rs 312.63 crore in the first quarter of the financial year 2024-25. There has been a decrease of 5.81% on annual basis.

A year ago, the company had made a profit of Rs 331.92 crore in the April-June quarter. Jio Financial’s net interest income (NII) in April-June 2024 stood at Rs 161.74 crore. Whereas total interest income was Rs 161.74 crore and total revenue was Rs 417.82 crore.

Jio Finance profits of Rs 312.63 crore in the first quarter of FY25

on an annual basis

Jio Finance FY25 (April-June) FY24 (April-June) Change (%)
total revenue ₹417.82 ₹414.13 0.89%
interest income ₹161.74 ₹201.86 -19.87%
total expense ₹79.35 ₹53.81 47.46%
net profit ₹312.63 ₹331.92 -5.81%

Note – Figures in crores of rupees…

Interest income decreased by 42.39% on quarterly basis.

Jio Finance FY25 (April-June) FY24 (January-March) Change (%)
total revenue ₹417.82 ₹418.10 -0.07%
interest income ₹161.74 ₹280.74 -42.39%
total expense ₹79.35 ₹103.12 -23.05%
net profit ₹312.63 ₹310.63 0.64%

Note – Figures in crores of rupees…

Net interest income stood at Rs 280 crore in Q4FY24
Earlier, the Net Interest Income (NII) of Jio Financial in the fourth quarter of the financial year 2023-24 (January-March 2024) stood at Rs 280 crore. Whereas total interest income was Rs 418 crore and total revenue was Rs 418 crore.

Jio Finance shares fell 2.24% in a month
Shares of Jio Financial Services Limited today (July 15) closed at Rs 355.05, up 1.34%. The company’s shares have given negative returns of 1.27% in the last 5 days, 2.24% in one month, 33.10% in 6 months and 42.65% in one year. Jio Finance shares have given a return of 51.37% only this year i.e. from January 1, 2024 till now. The market capitalization of the company is Rs 2.26 lakh crore.

Today (July 15), Jio Financial shares closed at Rs 355.05 with a rise of 1.34%.

Jio Financial Services was formed in 1999
Jio Financial Services Limited was incorporated on 22 July 1999 as Reliance Strategic Investments Private Limited. Subsequently, the name of the company was changed to Reliance Strategic Investment Limited. The name of the company was changed to ‘Jio Financial Services Limited’ by issuing a new certificate of incorporation on 25 July 2023.

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TCS’ profit of ₹ 12,040 crore in the first quarter: It increased by 8.72% on annual basis, the company will also give a dividend of Rs 10 per share.

The consolidated net profit of India’s most valuable IT company Tata Consultancy Services Limited (TCS) in the first quarter (April-June) of the financial year 2024-25 was Rs 12,040 crore. There has been an increase of 8.72% on annual basis.

The company had made a net profit of Rs 11,074 crore in the same quarter a year ago. Talking about the earnings during this period, the total in the April-June quarter was Rs 63,575 crore. There has been an increase of 5.44% on annual basis. The company had earned Rs 60,778 crore in the first quarter of the financial year 2023-24.

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