Jio Financial Services (JFS) posted a consolidated net profit of INR 689.07 crore for the second quarter of FY25, marking a year-on-year (YoY) increase of 3.13% compared to INR 668.18 crore in Q2 FY24.
The company reported exceptional growth on a quarter-on-quarter (QoQ) basis, with net profit surging 120.27% from INR 312.83 crore in Q1 FY25.
Operating revenue also saw significant growth, increasing by over 14% to INR 693.50 crore during the quarter under review, up from INR 608.04 crore in the corresponding quarter last year. On a QoQ basis, revenue jumped 65.91% from INR 418 crore in Q1 FY25.
The robust financial performance highlights JFS’s growing footprint in the financial sector. With strong QoQ growth in both profit and revenue, the company is expected to continue expanding its offerings and strengthening its position in the market.
This performance comes as JFS aims to leverage its parent company Reliance’s ecosystem, with a focus on consumer lending, insurance, and financial technology services.