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The Economic Times
The Economic Times
Veer Sharma

Jio Financial Services shares rally 6% after stellar Q1 results. Buy, sell or hold the stock?

Jio Financial Services Jio Financial Jio Motilal Oswal NBFC

Shares of Jio Financial Services rallied 6% to Rs 250 on the BSE on Friday after the company reported a 155% year-on-year (YoY) jump in consolidated net profit to Rs 830 crore for the first quarter, compared with Rs 325 crore in the corresponding period last year.

Revenue from operations surged 227% YoY to Rs 2,004 crore from Rs 612 crore a year earlier. Interest income rose 165% YoY to Rs 962 crore, while fee and commission income jumped to Rs 325 crore from Rs 54 crore.

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