Jio Financial’s Q3 net profit down 56% at Rs294 crore

Mukesh Ambani group’s financial services company Jio Financial Services has reported a net profit of Rs294 crore for fiscal third quarter (October-December 2023), down 56 per cent from Rs668.18 crore in the previous quarter. The company's consolidated revenue from operations in the reporting quarter fell nearly 32 per cent from the previous quarter to Rs413.61 crore.