Jio Financial Services stock tumbles 3% after Q3 results, down 31% from peak

Shares of Jio Financial Services (JFSL), the financial arm of Reliance Industries, tumbled 3% in early trade today, January 20, reaching ₹271 as the company failed to impress Dalal Street with its December quarter results, which were released on Friday post-market hours.

For the quarter ended December 2024 (Q3FY25), the company reported a marginal rise of 0.3% in net profit to ₹295 crore, compared to ₹294.8 crore in the corresponding period last year.