Dizzying Dive: Jio Financial Services Shares Tumble 6% on Earnings Miss

Jio Financial Services Earnings:

  • Reported a net profit of Rs 293 crore for the October-December quarter, marking a 56% decline from the previous quarter.
  • Revenue from operations also fell, by 32%, to Rs 413 crore.

Reason for Share Drop:

  • Lower Profits: The significant drop in profits compared to the previous quarter was the primary reason for the share price plunge. Investors had anticipated stronger performance.
  • Missing Dividend Income: Absence of dividend income from holding shares in Reliance Industries (RIL) further impacted the bottom line.
  • Increased Operating Expenses: Rising operational costs due to employee additions, capacity building, and CSR expenses added to the pressure on earnings.


Overall, the weaker-than-expected earnings, coupled with missing dividend income and rising expenses, triggered the bearish sentiment and led to the drop in Jio Financial Services shares. 

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