Jio Financial Services Q3 Profit Soars to Rs 269 Crore, Income Doubles

• Jio Financial Services (JFSL) reported a consolidated profit of Rs 269 crore in the December quarter.
• The company's total income doubled year-on-year to Rs 901 crore, driven by strong performance across its core businesses.
• Operating businesses contributed 55% to the consolidated net income, marking a 20% year-on-year growth.
• JFSL's NBFC unit saw its Asset Under Management (AUM) grow 4.5 times year-on-year to Rs 19,049 crore.
• Jio Payments Bank's total income surged 10 times to Rs 61 crore, with deposits up 94% and customer base reaching 3.2 million.

Why It Matters: Jio Financial Services delivered a stellar Q3 performance with doubled income and significant profit growth.