JFSL's total expenses for the quarter also saw a sharp rise, increasing by 84.08 per cent to INR 146.07 crore in Q2, up from INR 79.35 crore in Q1.

The revenue from operations in the second quarter of the current fiscal rose 14 per cent to ₹693.5 crore, compared to ₹608.04 crore in the year-ago period

Jio Financial Services Limited's (JFSL) revenue from operations saw a strong quarter-on-quarter (QoQ) growth in the quarter ended September 2024, with profits more than doubling, driven in part by contributions from associates and joint ventures.

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Jio Financial Services Q2 Results Live : Jio Financial Services declared their Q2 results on October 18, 2024, showcasing a robust performance amidst a challenging market. The company reported a topline increase of 9.47% year-over-year (YoY), with profits rising by 3.13% compared to the same quarter last year.

Jio Financial Services Ltd reported a 3% rise in net profit to Rs 689 crore in Q2 FY25, driven by increased income. The company also received approval to become a CIC-ND-SI and launched new financial products.

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The quarterly results were announced post-market hours today. Earlier in the day, shares of JFS settled 0.39 per cent higher at Rs 330.55. At this price, it has gained 40.90 per cent in 2024 so far.

"The final approval for registration will be granted by SEBI subject to fulfilment by the Company and BlackRock of the requirements set out in the said letter," Jio Financial Serv