Jio Financial Q3 Results: Income Doubles, But Profit Dips Annually

• Jio Financial Services announced its Q3 results, showing a significant increase in income.
• The company's consolidated income doubled year-on-year, reaching 901 crore rupees from 438 crore rupees.
• Despite the income surge, consolidated profit declined annually from 295 crore rupees to 269 crore rupees.
• Interest income rose to 504 crore rupees, and Net Interest Income (NII) increased to 292 crore rupees.
• Jio Financial's share price closed at 287.30 rupees, showing a 5.47% increase over the last year.

Why It Matters: Jio Financial's Q3 income doubled, but annual profit saw a slight decline despite strong revenue growth.