Jio Financial Services Ltd, a leading Indian company, has announced a significant decline in its consolidated net profit for the third quarter ending December 2023. According to a regulatory filing, the company reported a 56% decrease, with the net profit standing at Rs 294 crore. This is in comparison to the previous quarter’s net profit of Rs 668 crore. Furthermore, Jio Financial Services also experienced a decrease in revenue for the same period. The revenue dropped to Rs 414 crore, as compared to Rs 608 crore in the September quarter.
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