Jio Financial Services profit doubles sequentially to ₹668.2 crore in Q2 on higher income
The company's total revenues stood at ₹608 crore in the September quarter, up 47% from the sequential quarter.
The company’s total expenses rose 33% quarter-on-quarter to ₹71 crore, primarily owing to higher employee expenses.
Although many expect Jio Financial to disrupt the financial services space, some believe it would not be easy to replicate its earlier success in the telecom space.