Jio Financial Q4 net profit inches up 1.8% to ₹316 cr; AUM tops ₹10,000 cr
Mumbai: Jio Financial Services Ltd posted a consolidated net profit of ₹316.11 crore for the March quarter, a marginal increase of 1.8% over ₹311 crore reported in the same period last year.
Total income for the quarter rose to ₹518 crore, compared to ₹418 crore a year ago, while total expenses climbed to ₹168 crore from ₹103 crore.
The board has recommended a dividend of ₹0.50 per share for the full financial year.
Assets Under Management (AUM) saw a sharp rise, reaching ₹10,053 crore as of March 31, up from just ₹173 crore in the year-ago period.
Fee and commission income also rose to ₹39 crore.
Shares of the company closed 1.73% higher at ₹246.45 on the BSE.
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