Jio Financial Services on Thursday reported a 0.9% YoY growth in its consolidated Q2 net profit at Rs 695 crore versus Rs 689 crore in the year ago period. The company’s revenue form operations in the quarter under review stood at Rs 981 crore, which was a surge of 41% over Rs 693 crore in the corresponding quarter of the last financial year.
The net profit soared 114% on a sequential basis compared to Rs 325 crore in Q1FY26 while the topline increased 60% on a quarter-on-quarter basis versus Rs 612 crore reported by the Mukesh Ambani promoted company in the April-June quarter of FY25.
Jio Financial’s interest income stood at Rs 392 crore in Q2FY26 versus Rs 363 crore in Q1FY26 and Rs 205 crore in Q2FY25 while revenue from fees, commission & other services was reported at Rs 140 crore, up from Rs 54 crore in Q1FY26 and Rs 41 crore in Q2FY25.
More to come…