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The web revenue for Q1FY25 stood at Rs 313 crore as in opposition to Rs 332 crore reported by the corporate within the corresponding interval of the final monetary 12 months.
Whole income from operations for the reported quarter stood at Rs 418 crore, gaining 0.9% over Rs 414 crore reported within the year-ago interval, in the meantime, the curiosity revenue for the reported quarter stood at Rs 162 crore, down from Rs 281 crore in Q4FY24 and Rs 202 crore in Q1FY24.
On a standalone foundation, the PAT for the reporting quarter stood at Rs 72 crore versus 78 crore reported within the January-March quarter and Rs 145 crore within the year-ago interval. Whole standalone income from operations stood at Rs 134 crore within the reported quarter as in opposition to Rs 141 crore in Q4FY24 and Rs 215 crore in Q1FY24.
Additionally learn: SpiceJet shares surge over 7% on reporting consolidated revenue in Q4On a sequential foundation, revenue after tax (PAT) for the reported quarter was 0.64% up from Rs 311 crore.In the meantime, income witnessed a marginal decline from Rs 418 crore reported within the January-March quarter.As for its enterprise updates, Jio Monetary Companies tied up with 31 insurance coverage firms and launched digital auto and two-wheeler insurance coverage on the JioFinance app. It additionally launched Metro Money & Carry for shopkeeper insurance coverage and its institutional channel gross sales gained momentum.The inventory has rallied over 40% since its itemizing on the exchanges on August 21, 2023, whereas on a year-to-date foundation, the shares of Jio Monetary shares have surged 48%.
(Disclaimer: Suggestions, strategies, views and opinions given by the specialists are their very own. These don’t characterize the views of Financial Instances)
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