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Jio Financial sees income growth but profit declines
Jio Financial posted strong income growth in Q3, but higher expenses led to a profit decline as the company continued investing in scale and expansion.
Jio Financial Services reported December quarter net profit of ₹269 crore, down 9% year on year, as higher operating expenses weighed on earnings. Total income more than doubled to ₹901 crore, reflecting expansion across financial offerings. The company continues investing in scale, digital platforms, and product development, positioning itself for long-term growth within India’s evolving and competitive financial services ecosystem amid regulatory and market changes.