Jio Financial Services reported a net profit of โน316 crore this time, and the company also announced a dividend of 0.5 paise per share. Along with that, the companyโs market cap is โน1,56,609 crore. Honestly, if it were any other company in its place, its market cap would barely be around โน1,000 crore and even that would be difficult assuming the company shows good growth ahead. Last year during the same period, the company had a profit of โน311 crore, so thatโs just an additional โน5 crore in profit. Despite that, the company is enjoying a PE ratio of 97 in the market.
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