Jio Financial Services Ltd reported a small rise in its net profit for the fourth quarter (January to March) of the financial year 2024-25. The company posted a consolidated net profit of ₹316.11 crore, which is a 1.8% increase compared to ₹310.63 crore in the same quarter of the previous year.
In the third quarter of this financial year, Jio Financial had earned ₹295 crore, which means its profit has grown steadily over the last two quarters.
Revenue Grows 24% Year-on-Year
The company’s total income rose to ₹518 crore in the March 2025 quarter, up from ₹418 crore in the same quarter last year. This marks a strong year-on-year growth of 24%.
However, total expenses also increased. Jio Financial spent ₹168 crore in Q4, which is much higher than the ₹103 crore it spent in the same period last year.
Full-Year Net Profit Slightly Higher
For the entire financial year 2024-25, Jio Financial Services reported a net profit of ₹1,612.59 crore, compared to ₹1,604.55 crore in the year 2023-24. This is a small increase, but it shows stable financial performance.
Dividend of ₹0.50 Per Share Announced
The company’s board has recommended a dividend of ₹0.50 per equity share (with a face value of ₹10) for the year ending March 31, 2025. This move is expected to reward shareholders for their trust in the company.
New Business Ventures and Expansion Plans
Jio Financial Services is a part of the Reliance Group and was carved out of Reliance Industries Ltd. It works in several areas like:
- Investment and financing
- Insurance broking
- Payment banking
- Payment aggregator and gateway services
In its recent investor update, the company shared that it has taken several new steps to expand:
- In September 2024, it launched Jio BlackRock Investment Advisers Pvt Ltd to offer wealth management services.
- In March 2025, it applied to SEBI for a license to operate as an investment advisor.
- Another subsidiary, Jio BlackRock Broking Pvt Ltd, was formed in January 2025 to offer broking services. It also applied for a broking license from SEBI in March 2025.
- The company also said that it is currently hiring top-level executives (CXOs) for its new wealth management and broking businesses.
