Jio Financial Services Ltd

The LAS is a secured lending product that allows customers to leverage their investments, such as shares and mutual funds, to avail loans at competitive interest rates. The customers can avail loans of up to Rs 1 crore in just 10 minutes through the JioFinance App, with interest rates starting at 9.99%, tailored to their individual risk profile. These loans are for a maximum tenure of up to three years, with no foreclosure charges. By choosing LAS on the JioFinance app, customers gain convenient access to short-term funds, while keeping their long-term investment growth on track. Kusal Roy, managing director and CEO, Jio Finance, said, 'The launch of loan against securities is part of our comprehensive digital strategy aimed at transforming the way customers access and interact with financial services. With a strong focus on innovation and user experience, this launch is a significant step in our mission to make financial services more accessible, efficient, and customer-centric.' Jio Financial Services (JFSL) is a core investment company (CIC), registered with the Reserve Bank of India. It is a new-age institution, which operates a full-stack financial services business. Through the JioFinance app, customers can access a wide range of services such as loans, savings accounts, UPI payments, recharges, digital insurance, and financial management tools. The company's consolidated net profit increased marginally to Rs 294.78 crore in Q3 FY25, up 0.3% as compared with Rs 293.82 crore in Q3 FY24. Total income increased 5.7% YoY to Rs 507.97 crore during the third quarter of FY25.Powered by Capital Market - Live

Jio Financial Services and BlackRock have each, today subscribed to and have been allotted 6,65,00,000 equity shares of face value Rs. 10/- each of Jio BlackRock Investment Advisers (a 50:50 Joint Venture between the Company and BlackRock) (JV), for cash at par, aggregating Rs.66.5 crore. JV will utilise the amount to fund its business operations. The aggregate investment in the JV till date is Rs. 84.5 crore. Powered by Capital Market - Live

The Board of Jio Financial Services at its meeting held on 04 March 2025 has approved  acquisition of 7,90,80,000 equity shares of Jio Payments Bank (JPBL) from State Bank of India for an aggregate consideration of Rs. 104.54 crore. Post this acquisition, JPBL will become a wholly owned subsidiary of the Company. The acquisition is subject to approval of Reserve Bank of India (RBI) and is expected to be completed within 45 days post receipt of RBI approval. The Company currently holds 82.17% of the paid-up equity share capital of JPBL, a joint venture of the Company and State Bank of India. Powered by Capital Market - Live

Jio BlackRock Investment Advisers, a joint venture company of Jio Financial Services, has incorporated a wholly owned subsidiary named 'Jio BlackRock Broking' on 20 January 2025 to carry on, inter alia, the business of broking subject to regulatory approvals.Powered by Capital Market - Live

Total income jumped 8.34% to Rs 448.89 crore in Q3 FY25 as compared with Rs 414.33 crore in the corresponding quarter last year. The company's interest income declined 21.93% year on year (YoY) to Rs 210.07 crore for the quarter ended 31 December 2024. Profit before tax (PBT) stood at Rs 377.22 in Q3 FY25, down 1.11% as compared with Rs 381.49 crore in Q3 FY24. Total expenses climbed 32.13% to Rs 130.75 crore while employee benefit expenses jumped 58.07% to Rs 53.54 crore in Q3 FY25 over Q3 FY24. Pre-provisioning operating profit jumped 4.43% to Rs 330 crore in Q3 FY25 as compared with Rs 316 crore posted in the corresponding quarter last year. On a nine-month basis, the company's net profit rose 0.19% to Rs 1,296.48 crore on 8.63% increased in total income to Rs 1,560.56 crore in 9M FY25 over 9M FY24. Jio Financial Services is a non-banking financial company (NBFC) registered with the Reserve Bank of India (RBI) and engaged in business of finance, trading in futures and options, trading and investments in shares and securities. The scrip rose 0.86% to settle at Rs 279.05 on Friday, 10 January 2025.Powered by Capital Market - Live

Net profit of Jio Financial Services rose 0.33% to Rs 294.78 crore in the quarter ended December 2024 as against Rs 293.82 crore during the previous quarter ended December 2023. Sales rose 5.98% to Rs 438.35 crore in the quarter ended December 2024 as against Rs 413.61 crore during the previous quarter ended December 2023. ParticularsQuarter EndedDec. 2024Dec. 2023% Var. Sales438.35413.61 6 OPM %71.4977.38 - PBDT382.98386.90 -1 PBT377.22381.49 -1 NP294.78293.82 0 Powered by Capital Market - Live

Jio Financial Services will hold a meeting of the Board of Directors of the Company on 17 January 2025.Powered by Capital Market - Live

Jio Financial Services to lure the customers to celebrate the Dhanteras festival season has launched SmartGold, whereby the customers can buy digital gold through Jiofinance App. SmartGold offers customers a completely digital, secure and seamless process for buying gold and redeeming their investments in exchange for cash, or gold coins, or gold jewelry. Customers can now invest in digital gold anytime, anywhere, starting as low as Rs. 10. SmartGold offers customers a completely digital, secure and seamless process for buying gold and redeeming their investments in exchange for cash, or gold coins, or gold jewelry. Customers can now invest in digital gold anytime, anywhere, starting as low as Rs. 10. Powered by Capital Market - Live

Total income jumped 14.11% to Rs 693.85 crore during the quarter as compared with Rs 608.04 crore in corresponding quarter last year. The company's interest income climbed 19.88% year on year (YoY) to Rs 204.98 crore for the quarter ended 30 September 2024. Profit before tax (PBT) stood at Rs 773.49 in Q2 FY25, up 2.53% as compared with Rs 754.43 crore in Q2 FY24. Total expenses surged 104.49% to Rs 146.07 crore while employee benefit expenses surged 117.3% to Rs 67.71 crore in Q2 FY25 over Q2 FY24. Pre-provisioning operating profit jumped 2.79% to Rs 552 crore in Q2 FY25 as compared with Rs 537 crore posted in corresponding quarter last year. Jio Financial Services is a non-banking financial company (NBFC) registered with the Reserve Bank of India (RBI) and engaged in business of finance, trading in futures and options, trading / investments in shares and securities. The scrip rose 0.06% to settle at Rs 330.75 on the BSE.Powered by Capital Market - Live

Total income jumped 14.11% to Rs 693.85 crore during the quarter as compared with Rs 608.04 crore in corresponding quarter last year. The company's interest income climbed 19.88% year on year (YoY) to Rs 204.98 crore for the quarter ended 30 September 2024. Profit before tax (PBT) stood at Rs 773.49 in Q2 FY25, up 2.53% as compared with Rs 754.43 crore in Q2 FY24. Total expenses surged 104.49% to Rs 146.07 crore while employee benefit expenses surged 117.3% to Rs 67.71 crore in Q2 FY25 over Q2 FY24. Pre-provisioning operating profit jumped 2.79% to Rs 552 crore in Q2 FY25 as compared with Rs 537 crore posted in corresponding quarter last year. Jio Financial Services is a non-banking financial company (NBFC) registered with the Reserve Bank of India (RBI) and engaged in business of finance, trading in futures and options, trading / investments in shares and securities. The scrip rose 0.39% to settle at Rs 330.55 on Friday, 18 October 2024.Powered by Capital Market - Live