Jio Financial Share Price Slips 3%; Down for the 4th Straight Session

Jio Financial Services share price traded 3.90% lower at ₹269.90 at 12:15 PM on the NSE. The stock opened at ₹277.80 lower than ₹280.55 at the previous close. The stock has lost more than 10% over the past 4 days.

Jio Financial Services to Declare Q3 Results

Jio Financial Services has scheduled its board meeting for Friday, January 17, 2025, to review and approve the company’s standalone and consolidated unaudited financial results for the third quarter and the 9 months ending December 31, 2024.

The announcement was made in a filing to the exchanges on January 10, 2025. As per the filing, the board meeting will also include a presentation to analysts detailing the financial results for the period.

This meeting is part of the company’s compliance with the Securities and Exchange Board of India (SEBI) Listing Obligations and Disclosure Requirements, the company said in a press release on the stock exchanges.

Q2 FY25 Financial Highlights

Jio Financial Services posted a 3.1% rise in consolidated net profit, reaching ₹689 crore compared to ₹668 crore in the same quarter last year. On a sequential basis, net profit grew by 120%, from ₹312.63 crore in the June quarter.

The company reported a 14% increase in revenue from operations for Q2, amounting to ₹693.5 crore, up from ₹608.04 crore in the same quarter of the previous fiscal year. However, total expenses more than doubled to ₹146 crore in the September quarter, compared to ₹71 crore in the same period last year.

Share Price Performance

Jio Financial Services shares have underperformed recently, declining 17% over the past month. In the last 3 months, the stock has dropped by 18%, and over the past six months, it has fallen by 20%. However, the stock has seen a 16% gain over the past year.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.