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27 Years
4.4 Star
1 Crore +
Non-banking Financial company Jio Financial Services announced Q3FY24 & 9MFY24 results:
Consolidated Results
- Profit After Tax (PAT) for Q3FY24: The PAT for the quarter ended December 31, 2023, was Rs 294 crore.
- PAT for 9MFY24: The consolidated PAT amounted to Rs 1,294 crore.
- Total Income for Q3FY24: The income for the quarter was Rs 414 crore.
- Total Income for 9MFY24: The income over the nine months stood at Rs 1,437 crore.
Standalone Results
- Profit After Tax (PAT) for Q3FY24: The Standalone PAT for the quarter was Rs 71 crore.
- PAT for 9MFY24: Standalone PAT was Rs 305 crore.
- Total Income for Q3FY24: Revenue for the quarter reached Rs 134 crore.
- Total Income for 9MFY24: The revenue during nine months was Rs 498 crore.
Earnings Per Share (EPS)
- Consolidated EPS for Q3FY24: EPS was reported at Rs 0.46 (not annualized).
- Consolidated EPS for 9MFY24: The EPS for the nine months ended December 2023 was Rs 2.04 (not annualized).
- Standalone EPS for Q3FY24: The standalone EPS for the quarter was Rs 0.14 (not annualized).
Business Highlights and Strategies
- Business Focus: There is an increased concentration on secured lending considering current market and regulatory conditions. Notably, there is a move towards products such as leasing, exemplifying this shift.
- Technology and Infrastructure: The company has completed the sandbox for PL (Personal Loans) and CD (Consumer Durable Loans), indicating that the technology stack and infrastructure for these services are set up and have been tested.
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