Financial Wire

Jio Financial Services' Consolidated Profit Slips in Fiscal Q4

-- Jio Financial Services' (NSE:JIOFIN, BOM:543940) consolidated profit declined to 2.72 billion Indian rupees in the fiscal fourth quarter ended March 31, from 3.16 billion rupees a year ago.

Earnings per share contracted to 0.43 rupees from 0.50 rupees a year earlier, the financial services company said in a Friday filing to the Indian stock exchanges.

Revenue from operations in fiscal Q4 also increased to 10.2 billion rupees from 4.93 billion rupees a year ago.

The company's board also recommended a dividend of 0.60 rupees per equity share of 10 rupees each for the financial year ended March 31.

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