
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.
Support Our Journalism
We cannot do without you.. your contribution supports unbiased journalism
IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.