JFS Q4 results: Jio Financial Services shares surge 6% ahead of March quarter earnings

jfs q4 results: jio financial services shares surge 6% ahead of march quarter earnings

JFS Q4 results: Jio Financial Services shares surge 6% ahead of March quarter earnings

Shares of Jio Financial Services Ltd (Ltd) were trading 6 per cent higher in Thursday’s trade ahead of the company’s March quarter (Q4) earnings on Friday, April 19. The Q4 results would be followed by a presentation to analysts on financial results for the quarter and year ended March 31, 2024.

Jio Financial Services shares climbed 6.21 per cent to hit a high of Rs 384.35 on Thursday. The JFS stock has soared 63 per cent in 2024 so far.

For the December quarter, the NBFC reported a net profit of Rs 294 crore compared with Rs 668 crore in the September quarter. Jio Financial said its total income for the December quarter came in at Rs 414 crore against Rs 608 crore in the September quarter. Unlike September quarter, there was no dividend income in the third quarter.

“A meeting of the Board of Directors of the company is scheduled to be held on Friday, April 19, 2024, inter alia, to consider and approve the standalone and consolidated audited financial results of the company for the quarter and year ended March 31, 2024.

A presentation to analysts on financial results of the company for the quarter and year ended March 31, 2024 shall be made on the same day after the meeting,” Jio Financial said on April 9.

The demerged entity of Reliance Industries Ltd recently signed an agreement to form a 50:50 joint venture with Blackrock, to undertake wealth business including incorporation of a wealth management company and subsequent incorporation of a brokerage company in India.

“This joint venture further strengthens the Company’s relationship with Blackrock, Inc., with whom the Company had announced a 50:50 joint venture on July 26, 2023 to transform India’s asset management industry through a digital-first offering and democratise access to investment solutions for investors in India,” it said.

JFS noted that the launch of the wealth management and broking business is subject to regulatory and statutory approvals.

 

Watch Live TV in English

Watch Live TV in Hindi

OTHER NEWS

14 minutes ago

Panthers great Julius Peppers unveils his Pro Football Hall of Fame locker

14 minutes ago

World of Warcraft Finally Adding Missing Transmog Option After Five Years

14 minutes ago

Manchester City vs Manchester United LIVE: FA Cup latest score, goals and updates from fixture

14 minutes ago

Lionel Messi mania in MLS finally reaches breaking point with Vancouver statement and 'protests'

14 minutes ago

Is Aaron Rodgers still a top-10 quarterback?

19 minutes ago

Video: Love Island winner Amber Gill sets pulses racing in TINY bikini as she applies sunscreen in sizzling clip

20 minutes ago

Landmark Inn’s plan to add a pool has locals worried they’ll turn the Hamptons into the next ‘Jersey Shore’

20 minutes ago

Hockey’s most hostile fans revealed — here’s where the Rangers, Islanders, stack up: poll

20 minutes ago

Zendaya stylishly supports Tom Holland’s ‘Romeo & Juliet’ premiere

20 minutes ago

Historic Marilyn Monroe home faces demolition

20 minutes ago

Meet your new favourite LGBTQ+ singer who wants to 'make people uncomfortable'

20 minutes ago

Report: 49ers RB Christian McCaffrey missing OTAs isn’t ‘contract related’

20 minutes ago

A tax on millionaires might soon pay for universal free community college in Massachusetts

20 minutes ago

Why so pessimistic?: NFL national media doesn't trust the 2024 Buffalo Bills

20 minutes ago

"There's a reason why players that have multiple championships have multiple championships" - Kobe on why Derek Fisher was irreplaceable

20 minutes ago

Climate shuffles forward as a major election priority

20 minutes ago

Kelce Brothers Praise Steelers For Being A Very Dangerous Team: 'Their Defense Is So Good'

21 minutes ago

‘John Wick’ lookalike in Bangkok charms Thai social media users

21 minutes ago

Celtic leave it late to beat Rangers and win Scottish Cup

21 minutes ago

Man United stun Man City to win FA Cup final

21 minutes ago

Luciano Benetton says he's stepping down as chairman of family-run brand as losses top $100 million

21 minutes ago

Erik ten Hag belatedly produces a tactical masterclass to land FA Cup - and make it harder to sack him

21 minutes ago

Manchester United seize the day to earn a famous FA Cup win as City lose their edge

21 minutes ago

Lottery payoff of $50,000 for Virginia woman thanks to fortune cookie numbers

22 minutes ago

Vote now: Should high school seniors be allowed to decorate their caps?

24 minutes ago

We bought our house for $325,000 and sold it for $80MILLION - but when you see the view, you'll understand why

24 minutes ago

FA CUP FINAL PLAYER RATINGS: Teenagers Alejandro Garnacho and Kobbie Mainoo fire Man United to glory as Erling Haaland struggles... but which Red Devils star put in a match-winning 8/10 display at Wembley?

24 minutes ago

Eamonn Holmes is jubilant as he celebrates Manchester United's FA Cup win - despite splitting up with Ruth Langsford as marriage ends

24 minutes ago

Meet the kowari: Why this cute native Australian animal could soon be extinct - and why everyone should care

24 minutes ago

Former sex crimes detective Glen Coleman found guilty of groping teen

25 minutes ago

It would now seem MAD to sack Erik ten Hag: OLIVER HOLT explains why this FA Cup final is different to Louis van Gaal's Wembley last hurrah

25 minutes ago

Monaco GP: Max Verstappen pole streak over as Charles Leclerc’s curse starts to break

25 minutes ago

Man City vs Man Utd teams confirmed for FA Cup final as Erik ten Hag makes Casemiro call

25 minutes ago

Crystal Palace also in talks to sign "complete package" after Chadi Riad

25 minutes ago

‘The IRGC are on British soil,’ says woman beaten during London protest

25 minutes ago

Erik ten Hag turns on Man Utd fans in astonishing rant before FA Cup final

25 minutes ago

Bridgerton's Adjoa Andoh gives royal-approved skirt suit her own edgy twist with emerald shirt and statement brogues

25 minutes ago

'More holes than Swiss cheese': Labour's 'rebrand' of workers' rights plan criticised

26 minutes ago

What you can do to try to stay safe when a tornado hits, and also well beforehand

26 minutes ago

Philadelphia Eagles receive high marks for offseason moves, ranking 6th in NFL

Kênh khám phá trải nghiệm của giới trẻ, thế giới du lịch