Jio Financial Services Ltd

Profit before tax (PBT) increased marginally to Rs 395.81 crore during the quarter ended 31st March 2025, up 0.8% as compared with Rs 392.67 crore recorded in the quarter ended 31st Mach 2024. In Q4 FY25, pre-provision operating profit stood at Rs 374 crore, up 18% YoY. On financial year basis, the company's consolidated net profit increased marginally to Rs 1,612.59 crore in FY25, up 0.5%, as compared with Rs 1604.55 crore in FY24. Revenue from operations jumped 10.2% YoY to Rs 2,042.91 crore in FY25. Assets under management (AUM) of Jio Finance (JFSL's NBFC subsidiary) stood at Rs 10,053 crore as of March 31, 2025, up from Rs 173 crore as of March 31, 2024, and Rs 4,199 crore as of December 31, 2024 The JFSL group's physical footprint also grew during the year, with Jio Finance establishing a physical presence in 10 Tier-1 cities, which are exhibiting strong demand for its suite of retail and corporate lending solutions. Jio Payments Bank, which had 2.31 million customers as on March 31, 2025, expanded its network of business correspondents (BC) to 14,000 BCs, an over six-fold increase over FY24. In FY25, JFSL infused additional equity of Rs 1,346 crore in group entities, including Jio Finance Limited, Jio Payments Bank Limited, and the joint ventures with BlackRock for asset management and wealth management. Meanwhile, the company's board declared a dividend of Rs 0.50 per equity share for the financial year ended 31st March 2025. Hitesh Sethia, managing director and chief executive officer, Jio Financial Services, said, 'In FY25, we leveraged the strong foundation built in FY24 to drive exceptional execution and significant operational growth across businesses, in a risk-calibrated manner. The year was defined by swift product launches, strengthening distribution across key markets, and rapid growth in the JioFinance app's user base. In FY26, we will build upon this momentum by leveraging our integrated data infrastructure and AI-driven analytics to offer the right product to the right customer, through the right channel. Over the medium-to-long term, our aspiration is to become one of the leading companies in financial services, in terms of meaningful market share, innovation, and ability to offer products at cost points relevant for Indian customers.' Jio Financial Services (JFSL) is a core investment company (CIC), registered with the Reserve Bank of India. JFSL is a new-age institution, which operates a full-stack financial services business through customer-facing entities, including Jio Finance, Jio Insurance Broking, Jio Payment Solutions, Jio Leasing Services, Jio Finance Platform and Service, and Jio Payments Bank. The counter shed 0.18% to Rs 246 on the BSE.Powered by Capital Market - Live

Jio Financial Services announced that the Board of Directors of the Company at its meeting held on 17 May 2025, inter alia, have recommended the final dividend of Rs 0.5 per equity Share (i.e. 5%) , subject to the approval of the shareholders.Powered by Capital Market - Live

Net profit of Jio Financial Services rose 1.76% to Rs 316.11 crore in the quarter ended March 2025 as against Rs 310.63 crore during the previous quarter ended March 2024. Sales rose 17.97% to Rs 493.24 crore in the quarter ended March 2025 as against Rs 418.10 crore during the previous quarter ended March 2024. For the full year,net profit rose 0.50% to Rs 1612.59 crore in the year ended March 2025 as against Rs 1604.55 crore during the previous year ended March 2024. Sales rose 10.20% to Rs 2042.91 crore in the year ended March 2025 as against Rs 1853.88 crore during the previous year ended March 2024. ParticularsQuarter EndedYear EndedMar. 2025Mar. 2024% Var.Mar. 2025Mar. 2024% Var. Sales493.24418.10 18 2042.911853.88 10 OPM %68.5276.62 -75.7984.06 - PBDT401.57398.03 1 1969.431977.41 0 PBT395.81392.67 1 1946.911955.89 0 NP316.11310.63 2 1612.591604.55 1 Powered by Capital Market - Live

Profit before tax (PBT) increased marginally to Rs 395.81 crore during the quarter ended 31st March 2025, up 0.8% as compared with Rs 392.67 crore recorded in the quarter ended 31st Mach 2024. In Q4 FY25, pre-provision operating profit stood at Rs 374 crore, up 18% YoY. On financial year basis, the company's consolidated net profit increased marginally to Rs 1,612.59 crore in FY25, up 0.5%, as compared with Rs 1604.55 crore in FY24. Revenue from operations jumped 10.2% YoY to Rs 2,042.91 crore in FY25. Assets under management (AUM) of Jio Finance (JFSL's NBFC subsidiary) stood at Rs 10,053 crore as of March 31, 2025, up from Rs 173 crore as of March 31, 2024, and Rs 4,199 crore as of December 31, 2024 The JFSL group's physical footprint also grew during the year, with Jio Finance establishing a physical presence in 10 Tier-1 cities, which are exhibiting strong demand for its suite of retail and corporate lending solutions. Jio Payments Bank, which had 2.31 million customers as on March 31, 2025, expanded its network of business correspondents (BC) to 14,000 BCs, an over six-fold increase over FY24. In FY25, JFSL infused additional equity of Rs 1,346 crore in group entities, including Jio Finance Limited, Jio Payments Bank Limited, and the joint ventures with BlackRock for asset management and wealth management. Meanwhile, the company's board declared a dividend of Rs 0.50 per equity share for the financial year ended 31st March 2025. Hitesh Sethia, managing director and chief executive officer, Jio Financial Services, said, 'In FY25, we leveraged the strong foundation built in FY24 to drive exceptional execution and significant operational growth across businesses, in a risk-calibrated manner. The year was defined by swift product launches, strengthening distribution across key markets, and rapid growth in the JioFinance app's user base. In FY26, we will build upon this momentum by leveraging our integrated data infrastructure and AI-driven analytics to offer the right product to the right customer, through the right channel. Over the medium-to-long term, our aspiration is to become one of the leading companies in financial services, in terms of meaningful market share, innovation, and ability to offer products at cost points relevant for Indian customers.' Jio Financial Services (JFSL) is a core investment company (CIC), registered with the Reserve Bank of India. JFSL is a new-age institution, which operates a full-stack financial services business through customer-facing entities, including Jio Finance, Jio Insurance Broking, Jio Payment Solutions, Jio Leasing Services, Jio Finance Platform and Service, and Jio Payments Bank. The scrip added 1.73% to end at Rs 246.45 on Thursday, 17 April 2025. Powered by Capital Market - Live

Jio Financial Services will hold a meeting of the Board of Directors of the Company on 17 April 2025.Powered by Capital Market - Live

The LAS is a secured lending product that allows customers to leverage their investments, such as shares and mutual funds, to avail loans at competitive interest rates. The customers can avail loans of up to Rs 1 crore in just 10 minutes through the JioFinance App, with interest rates starting at 9.99%, tailored to their individual risk profile. These loans are for a maximum tenure of up to three years, with no foreclosure charges. By choosing LAS on the JioFinance app, customers gain convenient access to short-term funds, while keeping their long-term investment growth on track. Kusal Roy, managing director and CEO, Jio Finance, said, 'The launch of loan against securities is part of our comprehensive digital strategy aimed at transforming the way customers access and interact with financial services. With a strong focus on innovation and user experience, this launch is a significant step in our mission to make financial services more accessible, efficient, and customer-centric.' Jio Financial Services (JFSL) is a core investment company (CIC), registered with the Reserve Bank of India. It is a new-age institution, which operates a full-stack financial services business. Through the JioFinance app, customers can access a wide range of services such as loans, savings accounts, UPI payments, recharges, digital insurance, and financial management tools. The company's consolidated net profit increased marginally to Rs 294.78 crore in Q3 FY25, up 0.3% as compared with Rs 293.82 crore in Q3 FY24. Total income increased 5.7% YoY to Rs 507.97 crore during the third quarter of FY25.Powered by Capital Market - Live

Jio Financial Services and BlackRock have each, today subscribed to and have been allotted 6,65,00,000 equity shares of face value Rs. 10/- each of Jio BlackRock Investment Advisers (a 50:50 Joint Venture between the Company and BlackRock) (JV), for cash at par, aggregating Rs.66.5 crore. JV will utilise the amount to fund its business operations. The aggregate investment in the JV till date is Rs. 84.5 crore. Powered by Capital Market - Live

The Board of Jio Financial Services at its meeting held on 04 March 2025 has approved  acquisition of 7,90,80,000 equity shares of Jio Payments Bank (JPBL) from State Bank of India for an aggregate consideration of Rs. 104.54 crore. Post this acquisition, JPBL will become a wholly owned subsidiary of the Company. The acquisition is subject to approval of Reserve Bank of India (RBI) and is expected to be completed within 45 days post receipt of RBI approval. The Company currently holds 82.17% of the paid-up equity share capital of JPBL, a joint venture of the Company and State Bank of India. Powered by Capital Market - Live

Jio BlackRock Investment Advisers, a joint venture company of Jio Financial Services, has incorporated a wholly owned subsidiary named 'Jio BlackRock Broking' on 20 January 2025 to carry on, inter alia, the business of broking subject to regulatory approvals.Powered by Capital Market - Live

Total income jumped 8.34% to Rs 448.89 crore in Q3 FY25 as compared with Rs 414.33 crore in the corresponding quarter last year. The company's interest income declined 21.93% year on year (YoY) to Rs 210.07 crore for the quarter ended 31 December 2024. Profit before tax (PBT) stood at Rs 377.22 in Q3 FY25, down 1.11% as compared with Rs 381.49 crore in Q3 FY24. Total expenses climbed 32.13% to Rs 130.75 crore while employee benefit expenses jumped 58.07% to Rs 53.54 crore in Q3 FY25 over Q3 FY24. Pre-provisioning operating profit jumped 4.43% to Rs 330 crore in Q3 FY25 as compared with Rs 316 crore posted in the corresponding quarter last year. On a nine-month basis, the company's net profit rose 0.19% to Rs 1,296.48 crore on 8.63% increased in total income to Rs 1,560.56 crore in 9M FY25 over 9M FY24. Jio Financial Services is a non-banking financial company (NBFC) registered with the Reserve Bank of India (RBI) and engaged in business of finance, trading in futures and options, trading and investments in shares and securities. The scrip rose 0.86% to settle at Rs 279.05 on Friday, 10 January 2025.Powered by Capital Market - Live