Jio Financial Services (JFSL) has reported a slight 2% increase in its Q4 profit, reaching Rs 316 crore for the quarter ending on March 31, 2025. The company’s profit before tax (PBT) rose by 0.8%, totaling Rs 395.81 crore compared to Rs 392.67 crore in the same quarter last year.
In the same quarter, JFSL’s pre-provision operating profit grew by 18% year-on-year, reaching Rs 374 crore. Looking at the entire financial year, JFSL’s net profit increased slightly by 0.5% to Rs 1,612.59 crore in FY25, compared to Rs 1,604.55 crore in FY24. Its revenue from operations also saw a significant increase of 10.2%, rising to Rs 2,042.91 crore for the financial year.
The company’s subsidiary, Jio Finance (JFSL’s NBFC), saw its assets under management (AUM) grow rapidly, reaching Rs 10,053 crore by March 31, 2025, up from Rs 173 crore just a year earlier. This is a big jump from Rs 4,199 crore at the end of 2024.
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JFSL also expanded its presence by setting up physical offices in 10 major cities, where there is a strong demand for its financial services. Jio Payments Bank, which had 2.31 million customers by March 31, 2025, increased its network of business partners to 14,000, a six-fold rise from last year.
For FY25, JFSL invested an additional Rs 1,346 crore in various group entities, including Jio Finance, Jio Payments Bank, and joint ventures with BlackRock for asset and wealth management.
The company’s board announced a dividend of Rs 0.50 per share for the year ended March 31, 2025.
Hitesh Sethia, CEO and Managing Director of JFSL, said, “We built on the strong foundation from FY24 and achieved great growth in operations. We focused on launching new products, expanding distribution in key markets, and growing our JioFinance app’s user base. In FY26, we will continue to grow by using advanced data and AI to offer the best products to our customers.”
Jio Financial Services is a core investment company registered with the Reserve Bank of India and operates in various areas, including retail and corporate lending, insurance broking, payment solutions, leasing, and asset management.
The company’s stock price increased by 1.73%, closing at Rs 246.45 on Thursday, April 17, 2025.
