On Friday, it reported a marginal 3 percent rise net profit to Rs 689 crore in the second quarter ended September 2024. With Jio Financial Services (JFS) reporting a significant profit in its most recent financial reports, Mukesh Ambani celebrates a remarkable achievement. Jio Financial Services (JFS) was spun off from Reliance Industries Ltd. in 2022 to increase its footprint in the financial industry. According to a regulatory filing, Jio Financial Services also reported that total income increased to Rs 694 crore from Rs 608 crore in the same period the previous year. However, compared to Rs 71 crore during the same period previous year, overall expenses increased to Rs 146 crore.

Source: dna October 19, 2024 07:15 UTC