Jio Financial shares fall over 6%. Were Q3 results that bad?

Jio Financial Shares Price: Shares of Jio Financial Services (JFSL) fell 6.25% to Rs 250.10 on BSE after reporting a 56% QoQ drop in Q3 profit. The decrease was due to the absence of dividend income on shares held in Reliance Industries (RIL) and increased operating expenses. JFSL plans to focus on secured lending, launch a leasing business, and expand its client base in insurance broking.

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