Reliance Industries-owned Jio Financial Services Ltd on October 18 reported 3% rise in net profit at ₹689 crore for the quarter ended September 30, 2024.
The company’s revenue rose 14% to ₹693.5 crore in Q2FY25 as compared to ₹608 crore in Q2FY24. JFSL and BlackRock, the world’s biggest asset manager, have announced ventures to start asset management and broking businesses in India.
Days after its demerger from Reliance Industries in July 2023, the company had announced the formation of a 50:50 joint venture with BlackRock to launch asset management services in India.
