Jio Financial Services (JFS), the financial arm spun off from Reliance Industries, has reported a marginal 1.6% year-on-year increase in its consolidated net profit for the fourth quarter of the financial year 2024-25.
The company’s net profit stood at ₹316 crore for the quarter ending March 31, 2025, a slight uptick from ₹311 crore in the corresponding period of the previous fiscal year. While the profit growth appears modest, a closer look reveals significant developments and strategic moves that could shape the company’s future trajectory.
Despite the seemingly small rise in net profit, Jio Financial Services witnessed a robust 18% year-on-year surge in its revenue from operations during Q4 FY25, climbing to ₹493 crore from ₹418 crore in the same quarter last year.
This substantial increase in revenue indicates strong business momentum and growing traction across its various financial service offerings. On a sequential basis, the company’s revenue from operations also showed a healthy growth of 13%, while the profit after tax saw a 7% quarter-on-quarter rise.
In a significant move, the board of directors of Jio Financial Services declared its first-ever dividend of ₹0.50 per equity share of ₹10 face value for the financial year ended March 31, 2025. This maiden dividend announcement reflects the company’s growing financial stability and its commitment to rewarding shareholders, signaling a new phase of maturity and shareholder focus for the relatively young financial services entity.
A key highlight of the Q4 results was the remarkable growth in Jio Finance’s lending and leasing business. The Assets Under Management (AUM) in this segment witnessed an exponential surge, reaching ₹10,053 crore as of March 31, 2025, a staggering increase from ₹173 crore in the previous year. This growth is attributed to the company’s strategic expansion into ten Tier-1 cities and strengthened partnerships for loan against securities (LAS) and loan against mutual funds (LAMF).
The payments business, under Jio Payments Bank, also demonstrated strong progress, tripling its customer base year-on-year to 2.31 million users, with CASA plus wallet balance also growing threefold to ₹295 crore. Furthermore, Jio Payment Solutions secured an online payment aggregator license during the quarter, bolstering its digital payment capabilities.
To fuel its ambitious growth plans, Jio Financial Services infused an additional equity of ₹1,346 crore into its group entities, including Jio Finance Ltd, Jio Payments Bank Ltd, and its joint ventures with BlackRock for asset management and wealth management. This significant capital infusion underscores the company’s commitment to scaling its diverse businesses and capitalizing on future opportunities in the rapidly evolving financial services landscape.
For the entire fiscal year 2024-25, Jio Financial Services reported a net profit of ₹1,613 crore, a marginal increase from ₹1,605 crore in the previous year. The total income for the fiscal year stood at ₹2,079 crore, up 12% year-on-year. With a strong focus on expanding its lending operations, growing its digital payments ecosystem, and venturing into asset and wealth management through its partnerships with BlackRock, Jio Financial Services appears poised for significant growth in the coming years, leveraging the robust foundation laid in its initial phases of operation.
Summary:
Jio Financial Services reported a 1.6% YoY rise in consolidated net profit to ₹316 crore in Q4 FY25, with revenue from operations increasing by 18% to ₹493 crore.
The company announced its first-ever dividend of ₹0.50 per share.
Jio Finance’s lending AUM witnessed a massive surge, reaching ₹10,053 crore, and Jio Payments Bank’s customer base tripled.
JFS infused ₹1,346 crore into group entities to support future growth across its financial services businesses.