Jio Financial Services (JFS) shares rose 6.1% on Friday. Consolidated net profit for the June quarter increased 155% year-on-year to ₹830 crore. Revenue from operations surged 227% to ₹2,004 crore.
Jio Credit reported assets under management exceeding ₹300 billion. Interest income grew 165% to ₹962 crore. The company also recorded dividend income of ₹509 crore.
Motilal Oswal reiterated a Buy rating for the stock. Analysts cited strong execution across the firm's payments, insurance, and asset management businesses.