Jio Financial Services

On April 17, 2025, shares of Jio Financial Services (JIOFIN) traded on the NSE witnessed a 1.72% gain, closing at ₹246.47, up from the previous close of ₹242.28. The stock opened the day at ₹242.94 and fluctuated within a range of ₹238.30 (low) to ₹248.00 (high). The positive movement reflects growing investor confidence following the company’s strong FY25 financial results and announcement of a dividend.

Jio Financial Services Announces Annual Financial Results and Dividend Recommendation

Jio Financial Services Limited (formerly Reliance Strategic Investments Limited) has announced its audited financial results for the year ended March 31, 2025. The board of directors, in its meeting held on the same day, approved both standalone and consolidated financial statements. A dividend of ₹0.50 per equity share has been recommended for the financial year, subject to shareholder approval.

Financial Performance

For the year ending March 31, 2025, Jio Financial Services reported consolidated revenue from operations of ₹2,042.91 crore and total income of ₹2,078.92 crore. The company recorded a profit before tax of ₹1,946.91 crore and a net profit of ₹1,612.59 crore. The total comprehensive income for the year, however, stood at a loss of ₹15,651.16 crore due to significant fluctuations in other comprehensive income, largely attributed to fair value changes in investments.

On a standalone basis, the company earned ₹805.56 crore in revenue from operations and posted a net profit of ₹548.91 crore for the year. The standalone total comprehensive income was ₹548.65 crore.

Financial Position

As of March 31, 2025, the consolidated total assets stood at ₹1,33,509.94 crore, a decrease from ₹1,44,862.99 crore the previous year. The decline was driven mainly by a reduction in investment values. Consolidated liabilities amounted to ₹10,013.42 crore, while equity remained robust at ₹1,23,496.52 crore.

The company’s standalone assets rose slightly to ₹25,095.53 crore, with total equity amounting to ₹24,985.46 crore.

Business Developments

During the year, Jio Financial Services furthered its diversification strategy through new joint ventures with BlackRock. These included the formation of Jio BlackRock Asset Management and Jio BlackRock Trustee Private Limited to enter the mutual fund space. Another JV, Jio BlackRock Investment Advisers, was created to expand into wealth management and advisory services. Jio BlackRock Broking was also established to focus on brokerage operations.

The company is also in the process of acquiring the remaining equity in Jio Payments Bank Limited from State Bank of India, which, upon approval from the Reserve Bank of India, would make it a wholly owned subsidiary.

Future Outlook

The Board has stated that the date of the Annual General Meeting and the dividend payout date will be announced in due course. The company emphasized its commitment to continued expansion in digital finance and investment services.

Jio Financial Services Consolidated Financial Summary (₹ in crore)

Particulars	FY 2024–25	FY 2023–24
Revenue from Operations	2,042.91	1,853.88
Other Income	36.01	0.80
Total Income	2,078.92	1,854.68
Finance Costs	7.65	10.27
Impairment on Financial Instruments	40.35	2.05
Employee Benefits Expense	214.92	116.04
Depreciation & Amortisation	22.52	21.52
Other Expenses	239.39	177.43
Total Expenses	524.83	327.31
Profit Before Tax	1,946.91	1,955.89
Tax Expense	334.32	351.34
Net Profit	1,612.59	1,604.55
Other Comprehensive Income	(17,263.75)	23,423.62
Total Comprehensive Income	(15,651.16)	25,028.17
Equity Share Capital	6,353.14	6,353.28
Other Equity	117,143.38	132,794.38
Total Assets	1,33,509.94	1,44,862.99
Total Liabilities	10,013.42	5,715.33

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Disclaimer: This content is about intended solely for educational and informational purposes and should not be interpreted as financial or investment advice. The information presented is derived from publicly available sources and independent analysis; however, its accuracy or completeness is not guaranteed. Readers are encouraged to conduct their own due diligence and seek guidance from a professional financial advisor before making any investment decisions. Neither the author nor stoxmail.com assumes responsibility for any financial losses or investment actions taken based on this article.