Consolidated revenue from operations fell nearly 32% from the previous quarter to Rs 413.61 crore.
Total expenses for the December quarter were Rs 98.95 crore compared with Rs 71.43 crore in the September quarter.
The total tax outgo for the quarter was Rs 88 crore compared to Rs 86.3 crore in the preceding quarter.
The consolidated earnings of Jio Financial include that of its subsidiaries, associates, and joint ventures. These are Jio Finance, Jio Payment Solutions, Reliance Industrial Investments and Holdings, Jio Insurance Broking, Jio Infrastructure Management Services, Jio Information Aggregator Services, Reliance Services and Holdings, Petroleum Trust, and JV firm Jio Payments Bank.
During the board meeting, the company’s board also approved the appointment of Rupali Adhikari Sawant as Group Head – Internal Audit with effect from January 15.
The board has also approved the appointment of Sudheer Reddy Govula as Group Chief Compliance Officer of the company for four years from January 15. For the nine months ended December, the Mukesh Ambani-led company reported a profit of Rs 1,294 crore and a revenue of Rs 1,436 crore.
Interest income for the three months ended December was Rs 269 crore compared to Rs 186 crore a quarter ago. The net gain on fair value dropped to Rs 103.3 crore from Rs 164 crore a quarter ago.
RIL demerged its financial services business – Reliance Strategic Investments – last year
and rechristened Jio Financial Services, which was listed in August.
Ahead of its earnings, shares of Jio Financial ended 4.6% up on the National Stock Exchange at Rs 266.75. Parent RIL’s stock closed 1.7% higher at Rs 2,788.25.
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