Jio Financial Services reported a 156% year-on-year rise in consolidated net profit to ₹830 crore for the quarter ended June 30, driven by strong growth in lending and digital financial services.
Revenue from operations more than tripled to ₹2,004 crore, while assets under management doubled to ₹30,667 crore. The company expanded its offerings by launching cross-border payment services, enabling FASTag-based ANPR toll payments, and incorporating Jio Allianz General Insurance Ltd. It also received approval to establish a retail fund management business in GIFT City.
Following the strong earnings, Jio Financial shares gained nearly 6%.