Loans soared to ₹10,053 crore as at March-end 2025, against ₹173 crore as at March-end 2024.
| Photo Credit:
FRANCIS MASCARENHAS
Jio Financial Services Ltd’s (JFSL) consolidated net profit nudged up in the fourth quarter at ₹316 crore against ₹311 crore in the year-ago quarter.
The financial results of JFSL (formerly known as Reliance Strategic Investments Ltd) comprises the results of subsidiaries — Jio Finance, Jio Payment Solutions, Jio Leasing Services, Jio Finance Platform and Service, Jio Insurance Broking and Reliance Industrial Investments and Holdings; joint ventures — Jio Payments Bank, Jio BlackRock Asset Management, and Jio BlackRock Broking, among others.
The board of directors of JFSL recommended a dividend of ₹0.50 per equity share of face value ₹10 each. In FY25, the NBFC, which is classified as a Non-Deposit Taking Systemically Important Core Investment Company (CIC-NDSI) by RBI, reported a net profit of ₹1,613 crore (₹1,605 crore in FY24)
In the reporting quarter, total income increased 24 per cent year-on-year to ₹518 crore (₹418 crore in the year-ago quarter). Total expenses rose by 43 per cent yoy to ₹144 crore (₹101 crore).
Loans soared to ₹10,053 crore as at March-end 2025, against ₹173 crore as at March-end 2024. Investments declined about 11 per cent yoy to ₹1,18,910 crore as at March-end 2025, against ₹1,33,292 crore as at March-end 2024.
Networth, comprising equity and other equity, declined 11 per cent yoy to ₹1,23,497 crore as at March-end 2025 (₹1,39,148 crore as at March-end 2024).
“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 to Indian customers,” said Hitesh Sethia, Managing Director and Chief Executive Officer, JFSL.
Published on April 17, 2025
