Jio Financial Services’ Q2 net profit falls 51% to ₹340 crore

Jio Financial Services reported a 51% year-on-year decline in September-quarter net profit to ₹340 crore, despite a 73% rise in operating revenue to ₹1,699 crore. Operating profit before provisions, excluding dividend income, rose 85%. Jio Credit’s assets under management increased 154%, while those of its BlackRock joint venture grew 57%.