Jio Financial Services on Thursday reported a marginal 2% growth in its consolidated net profit at Rs 316 crore in the fourth quarter of FY25, compared with Rs 311 crore in the same quarter of the last year.
The company's board has recommended a dividend of Rs 0.5 per share for the financial year ended March 2025.
Revenue from operations during the reporting period rose 18% year-on-year (YoY) to Rs 493 crore. The same stood at Rs 418 crore in the previous year period.
On a sequential basis, revenue from operations rose 13%, while the profit after tax jumped 7% quarter-on-quarter.
Interest income during the fourth quarter fell marginally to Rs 276 crore in the January-March 2024 period, while the income from fee and commissions improved to Rs 39 crore.
In the lending and leasing department, Jio Finance's AUM stood at Rs 10,053 crore versus a meagre Rs 173 crore a year-ago.
The segment's physical presence expanded to 10 Tier-1 cities and the company also increased partnerships with wealth management
companies and banks for LAS and LAMF.
In the payment's business, Jio Payments Bank customer base expanded 3x YoY to 2.31 million. The Bank has a CASA plus wallet of Rs 295 crore, which is also up 3x YoY.
Meanwhile, Jio Payment Solutions received online payment aggregator license during the fourth quarter.
The insurance broking expanded supply with 34 insurance partners and 61 direct-to-customer plans. The company said it is refining customer journeys with digital DIY platform.
Jio Financial Services, formerly Reliance Strategic Investments, is a Mumbai-based financial services company and a subsidiary of Reliance Industries. The company offers a range of financial products, including lending, insurance broking, and digital payment solutions.
On Thursday, Jio Financial shares closed 1.6% higher at Rs 246.2 on NSE.
The company's board has recommended a dividend of Rs 0.5 per share for the financial year ended March 2025.
Revenue from operations during the reporting period rose 18% year-on-year (YoY) to Rs 493 crore. The same stood at Rs 418 crore in the previous year period.
On a sequential basis, revenue from operations rose 13%, while the profit after tax jumped 7% quarter-on-quarter.
Interest income during the fourth quarter fell marginally to Rs 276 crore in the January-March 2024 period, while the income from fee and commissions improved to Rs 39 crore.
In the lending and leasing department, Jio Finance's AUM stood at Rs 10,053 crore versus a meagre Rs 173 crore a year-ago.
The segment's physical presence expanded to 10 Tier-1 cities and the company also increased partnerships with wealth management
companies and banks for LAS and LAMF.
In the payment's business, Jio Payments Bank customer base expanded 3x YoY to 2.31 million. The Bank has a CASA plus wallet of Rs 295 crore, which is also up 3x YoY.
Meanwhile, Jio Payment Solutions received online payment aggregator license during the fourth quarter.
The insurance broking expanded supply with 34 insurance partners and 61 direct-to-customer plans. The company said it is refining customer journeys with digital DIY platform.
Jio Financial Services, formerly Reliance Strategic Investments, is a Mumbai-based financial services company and a subsidiary of Reliance Industries. The company offers a range of financial products, including lending, insurance broking, and digital payment solutions.
On Thursday, Jio Financial shares closed 1.6% higher at Rs 246.2 on NSE.
You may also like
Paris Fury turning down dozens of jobs for one reason despite 'being in demand'
Gardeners urged to put garlic in their gardens immediately
Mykhaylo Mudryk's Chelsea contract truth as banned star left in limbo
Mapped: Homebase stores reopened by The Range - including three on Good Friday
Emmerdale scene gives away John Sugden's identity and real name in Aidan twist
