Active Stocks
Wed Feb 19 2025 11:31:24
  1. Tata Steel share price
  2. 136.10 1.19%
  1. Tata Motors share price
  2. 686.25 0.68%
  1. Bharti Airtel share price
  2. 1,649.85 -1.11%
  1. NTPC share price
  2. 313.00 0.51%
  1. Power Grid Corporation Of India share price
  2. 264.60 -0.81%
Business News/ Markets / Stock Markets/  Jio Financial Services Q3 Results Highlights: Net profit up 0.3% to 295 crore, AUM surges to 4,199 crore
BackBack

Jio Financial Services Q3 Results Highlights: Net profit up 0.3% to ₹295 crore, AUM surges to ₹4,199 crore

Jio Financial Services Q3 Results Highlights: Jio Financial Services reported a 0.3 per cent increase in net profit at 294.8 crore for the third quarter that ended December 31, 2024.

Jio Financial Services Q3 Results Live Updates: Jio Financial Services, the billionaire Mukesh Ambani-owned non-banking finance company (NBFC), announced its Q3 results today. (Photo: Courtesy BSE twitter)Premium
Jio Financial Services Q3 Results Live Updates: Jio Financial Services, the billionaire Mukesh Ambani-owned non-banking finance company (NBFC), announced its Q3 results today. (Photo: Courtesy BSE twitter)

Jio Financial Services Q3 Results Highlights: Jio Financial Services, the billionaire Mukesh Ambani-owned non-banking finance company (NBFC), announced its October-December quarter results for fiscal 2024-25 (Q3FY25) today. The consolidated profit remained flat at 295 crore, rising by a marginal 0.3 per cent year-on-year for the third quarter ended in December 2024.

The NBFC earned a consolidated net profit of 294 crore in the same quarter of the previous fiscal year. Its assets under management (AUM) increased to 4,199 crore, compared to 1,206 crore in the preceding September quarter of FY25. On January 17, it notified the stock exchanges about its earnings announcement for the third quarter of FY25. 

Also Read: Jio Financial Services Q3 Results: Net profit flat at 295 crore, revenue up 6% YoY; AUM rises to 4,199 crore

Jio Finance's share price settled flat-to-positive ahead of its Q3 results announcement. The stock has dropped over 17 per cent in the past month, gaining 15 per cent in one year. Jio Financial Services provides customers with loans, savings accounts, UPI bill payments, and digital insurance services. It commands a market capitalisation of more than 1.76 lakh crore. 

 

Stay tuned to our Jio Financial Services Q3 Results Live blog for the latest updates.

17 Jan 2025, 10:37:53 PM IST

Jio Financial Services Q3 Results Live: Investment – JVs with BlackRock

Jio Financial Services Q3 Results Live: Investment – JVs with BlackRock

Asset management: Asset management company filed application for final approval

• Senior leadership and core business teams buildout in advanced stages

• Tech platform and infra deployment progressing as per plan; building a unified investment platform with focus on operational excellence and efficiency

• Product roadmap and go-to-market strategy in place.

 

Wealth management: Incorporated Jio BlackRock Investment Advisers Private Ltd. to offer wealth management services in Sep’24

• Recruitment of senior leadership team of the wealth management company in progress

17 Jan 2025, 10:14:57 PM IST

Jio Financial Services Q3 Results Live: Jio Insurance Broking metrics

Jio Financial Services Q3 Results Live: Jio Insurance Broking metrics

-Portfolio of 54 plans across 5 product categories:

• Auto

• Two-wheeler

• Health

• Life (Term & non-Term)


-Embedded Insurance

Launched new embedded insurance products:

• Solar Panel Insurance

• Cyber protection

• Credit Life

• Property Insurance

• Health Insurance

Institutional Channel

Continued momentum in institutional sales. Product suite includes:

• Group Term Life

• Group Medical Cover

• Group Personal Accident

• Commercial Insurance

17 Jan 2025, 09:52:55 PM IST

Jio Financial Services Q3 Results Live: Jio Payments Solution biz metrics

Jio Financial Services Q3 Results Live: 

Jio Payments Solution's Distribution metrics--

❑ Integration with JioBharat phones for onboarding small merchants at scale

❑ Dedicated sales team for large merchants

 

• Jio Payments Solution Products--

❑ Received Payment Aggregator License from RBI

❑ AI-based merchant onboarding engine; offline P2PM merchant onboarding time reduced to < 5 minutes

❑ Direct Integrations with 10 banks to offer Net Banking/ Cards services at competitive pricing

❑ Upgraded to robust, cloud-native, SaaS-based platform with all payment product features

17 Jan 2025, 09:32:57 PM IST

Jio Financial Services Q3 Results Live: Jio Finance retail product portfolio

Jio Financial Services Q3 Results Live: Jio Finance retail product portfolio includes-

-Loan on Mutual Funds

-Home Loan (incl. Balance Transfer &

Top-up)

-Loan against Property (LAP)

-Loan on Securities

17 Jan 2025, 09:17:05 PM IST

Jio Financial Services Q3 Results Live: Jio Finance App products

Jio Financial Services Q3 Results Live: Jio Finance App products at a glance:

• Home Loan

• Loan against Property

• Loan on Mutual Funds

• Check Credit Score

• Auto and Two-wheeler

• Health

• Life (Term & Non-Term)

• UPI and Bill Payments

• CASA with debit cards

• UPI International

• Biometric-enabled payments

• Credit Card billers

• SmartGold (lumpsum & systematic

investment plan)

• My Money - Personal Finance Manager

 

17 Jan 2025, 09:02:05 PM IST

Jio Financial Services Q3 Results Live: Share price trend

Jio Financial Services Q3 Results Live: JFSL made its stock market debut on August 21. The stock was listed at 265 per share on the BSE and 262 per share on the NSE against the discovered price of 261.85 apiece. Following the demerger with its parent firm RIL and listing on the bourses, Jio Financial Services Ltd was briefly a part of the Nifty 50, BSE Sensex, and FTSE indices.

Over the following weeks, it was removed from these indices as it did not meet their inclusion criteria. Upon the demerger, shareholders of RIL received one equity share of JFSL for one share. Currently, JFSL commands a market cap of 1,77,284.42 crore. On the BSE, shares settled 0.83 per cent higher at 279.05 apiece. 

17 Jan 2025, 08:45:59 PM IST

Jio Financial Services Q3 Results Live: Blackrock JV

Jio Financial Services Q3 Results Live: The NBFC and BlackRock have agreed to form a joint venture to enter into the asset management industry and filed for final approval. The JV company made an application to the Securities and Exchange Board of India (SEBI) on October 19, 2023, for starting a mutual fund business.

The company also said it has incorporated Jio BlackRock Investment Advisers Private Ltd to offer wealth management services in September 2024 and recruitment of senior leadership team of the wealth management company is in progress.

17 Jan 2025, 08:35:58 PM IST

Jio Financial Services Q3 Results Live: Digital footprint grows in Q3

Jio Financial Services Q3 Results Live: The company’s digital footprint continues to grow, with JFSL reporting an average of 7.4 million monthly active users (MAUs) across all its digital platforms. The NBFC now operates in seven cities with nine offices. The Payments Bank Business Correspondent network has expanded to 7,300 outlets.

17 Jan 2025, 08:27:14 PM IST

Jio Financial Services Q3 Results Live: CASA customer base

Jio Financial Services Q3 Results Live: The payments bank also experienced robust growth, with its CASA (Current Account and Savings Account) customer base expanding by 25 per cent quarter-on-quarter to 1.89 million. The NBF embedded its payment solutions into JioBharat.

17 Jan 2025, 08:09:18 PM IST

Jio Financial Services Q3 Results Live: Distribution metrics

Jio Financial Services Q3 Results Live: The NBFC is now present in seven cities with offices offices. The payments bank Business Correspondent network expands to 7,300 outlets. The marketing tie-up in place to leverage MyJio app for customer acquisition.

17 Jan 2025, 08:02:42 PM IST

Jio Financial Services Q3 Results Live: 9M FY25 financial numbers

Jio Financial Services Q3 Results Live: For the nine months ended December 2024, the company's net profit also improved marginally to 1,296 crore compared to 1,294 crore in the same period a year ago.

17 Jan 2025, 07:52:22 PM IST

Jio Financial Services Q3 Results Live: Income, expenses in Q3

Jio Financial Services Q3 Results Live: Total income increased to 449 crore, from 414 crore in the third quarter of the previous fiscal. Total expenses also witnessed a year-on-year increase at 131 crore as compared to 99 crore in the same quarter a year ago.

17 Jan 2025, 07:39:36 PM IST

Jio Financial Services Q3 Results Live: AUM surges to ₹4,199 crore

Jio Financial Services Q3 Results Live: Jio Financial Services reported an increase in its assets under management (AUM), rising to 4,199 crore, compared to 1,206 crore in the preceding September quarter of FY25.

 

17 Jan 2025, 07:28:19 PM IST

Jio Financial Services Q3 Results Live: Revenue up 6% in December quarter

Jio Financial Services Q3 Results Live: The non-banking financial company (NBFC)'s revenue from operations rose six per cent to 438.4 crore against 413.6 crore in the corresponding period of the preceding fiscal.

17 Jan 2025, 07:10:45 PM IST

Jio Financial Services Q3 Results Live: Net profit flat in December quarter 

Jio Financial Services Q3 Results Live: Jio Financial Services Ltd announced its October-December quarter results for fiscal 2024-25 (Q3FY25) on Friday, January 17, reporting a marginal rise of 0.3 per cent in net profit to 295 crore, compared to 294.8 crore in the corresponding period last year.

17 Jan 2025, 06:54:16 PM IST

Jio Financial Services Q3 Results Live: Message from Chairman Mukesh Ambani on AGM

Jio Financial Services Q3 Results Live: In August 2024, Reliance Industries Chairman and Managing Director Mukesh Ambani said that Jio Financial Services (JSFL) will lead the way in shaping a prosperous and inclusive financial future for India by focussing on technology and developing tailor-made products.

In a message to shareholders, Ambani said the company's focus remains firmly on innovation, growth, and fostering financial literacy across the nation.

"We are expanding our portfolio of services, elevating user experience, and harnessing the power of cutting-edge technology to simplify and personalise financial management for our valued customers," he said in the inaugural address.

17 Jan 2025, 06:31:56 PM IST

Jio Financial Services Q3 Results Live: Experts take on Jio Financial Services 

Jio Financial Services Q3 Results Live: Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services on Jio Financial Services:

"JFSL’s valuation is based on expectations surrounding its future growth potential and its 6.1 per cent stake that it owns in Reliance Industries. The future growth prospects of Jio Financial Services are indeed bright since it can scale up its business hugely with its enormous connection with consumers and merchants."

17 Jan 2025, 06:14:08 PM IST

Jio Financial Services Q3 Results Live: Jio Payment received RBI's nod to function as online payment aggregator 

Jio Financial Services Q3 Results Live: Jio Payment received RBI's nod to function as online payment aggregator 

Jio Payment Solutions Limited, a wholly owned subsidiary of the company, vide its e-mail dated October 28, 2024, has informed the company that the Reserve Bank of India has granted certificate of authorisation t JPSL to operate as an 'Online Payment Aggregator' under Section 7 of the Payment and Settlement Systems Act, 2007, with effect from October 28, 2024.

17 Jan 2025, 05:55:47 PM IST

Jio Financial Services Q3 Results Live:  Jio Financial shares among top contenders for Nifty 50 rejig

Jio Financial Services Q3 Results Live: Jio Financial Services, Zomato shares among top contenders for Nifty 50 index inclusion in March 2025

Jio Financial Services and Zomato have emerged as strong contenders for inclusion in the Nifty 50 index during its upcoming rebalancing in March 2024, according to estimates by JM Financial.

In a significant development, the National Stock Exchange (NSE) has introduced 45 new stocks to the Futures & Options (F&O) segment, effective November 29, 2024. This list includes prominent names such as Jio Financial Services, Zomato, and Avenue Supermarts.

17 Jan 2025, 05:33:37 PM IST

Jio Financial Services Q3 Results Live: How did the NBFC perform in September quarter ?

Jio Financial Services Q3 Results Live:  Jio Financial Q2 Results Performance:

Jio Financial Services reported a 3.1 per cent increase in consolidated net profit at 689 crore as against 668 crore in the corresponding period last year. On a sequential basis, net profit surged by 120 per cent on a sequential basis, compared to 312.63 crore in the previous June quarter.

The financial services company reported a 14 per cent increase in revenue from operations for the second quarter of the current fiscal, reaching 693.5 crore, up from 608.04 crore in the same quarter last year. However, total expenses surged to 146 crore in the September quarter, more than double the 71 crore reported in the corresponding period of the previous year.

17 Jan 2025, 05:16:08 PM IST

Jio Financial Services Q3 Results Live: Board meeting, budget presentation to be held today

Jio Financial Services Q3 Results Live: Part of Mukesh Ambani’s Reliance group, Jio Financial Services on Friday, January 10, told exchanges in a filing, “Pursuant to Regulation 29 and other applicable provisions of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, please note that a meeting of the Board of Directors of the Company is scheduled to be held on Friday, January 17, 2025, inter alia, to consider and approve the standalone and consolidated unaudited financial results of the Company for the quarter and nine months ended December 31, 2024."

A presentation to analysts on the financial results of the Company for the quarter and nine months ended December 31, 2024, shall be made on the same day after the meeting, the company's exchange filing stated further.

17 Jan 2025, 04:57:40 PM IST

Jio Financial Services Q3 Results Live: Online payment aggregator licence from RBI

In October, Jio Financial Services announced that its subsidiary, Jio Payment Solutions Limited (JPSL), has been granted an 'Online Payment Aggregator' license by the RBI. The Reserve Bank of India has issued a certificate of authorization to JPSL, permitting it to function as an 'Online Payment Aggregator' in accordance with Section 7 of the Payment and Settlement Systems Act, 2007, effective from October 28, 2024, as stated by Jio Financial Services in a regulatory filing.

17 Jan 2025, 04:43:34 PM IST

Jio Financial Services Q3 Results Live: Q2 Result snapshot 

For the quarter that ended in September 2024, Jio Financial Services recorded a 3% increase in net profit to 689 crore, up from 668 crore during the same period the previous year.

Operational revenue for the reported quarter was 693.50 crore, which was 14% more than the company's reported revenue of 608.04 crore for the same quarter last year.

17 Jan 2025, 04:29:41 PM IST

Jio Financial Services Q3 Results Live: Stock check 

On Friday, Jio Financial Services share price ended 0.83% higher at 279.05 apiece on the BSE ahead of Q3 results. 

17 Jan 2025, 04:16:47 PM IST

Jio Financial Services Q3 Results Live: Mutual Fund Holding

As per trendlyne data, Mutual Fund Holding increased by 0.96% in the last quarter to 5.13.

17 Jan 2025, 03:50:12 PM IST

Jio Financial Services Q3 Results Live: All you need to know about the firm

Jio Financial Services Ltd was established as a Private Ltd Company under the name 'Reliance Strategic Investments Private Limited' on July 22, 1999, as documented by the Registrar of Companies, Maharashtra in Mumbai. Later, the Company transitioned from a Private Limited Company to a Public Limited Company and was subsequently renamed 'Reliance Strategic Investments Limited' on January 14, 2002, in Mumbai.

As a result of a Scheme of Arrangement, the Company's name was changed to Jio Financial Services Limited, and a new Certificate of Incorporation was issued on July 25, 2023, by the Registrar of Companies, Maharashtra in Mumbai.

17 Jan 2025, 03:31:14 PM IST

Jio Financial Services Q3 Results Live: Check out Return on Equity

As per trendlyne data, Return on Equity(ROE) for the last financial year was 1.15%, less than 10%, indicating an inefficient use of shareholder's capital to generate profit.

17 Jan 2025, 03:16:39 PM IST

Jio Financial Services Q3 Results Live: Firm in talks with lenders for maiden Debt Sale

The richest billionaire in Asia, Mukesh Ambani, owns Jio Finance, a shadow lender that is reportedly in negotiations with multiple lenders to enter the local currency debt market for the first time, according to a Bloomberg article.

As early as the January–March quarter, which is normally a busy time for credit development in India, the company is anticipated to enter the market, possibly through a loan or bond offering. According to those who asked not to be named since the talks are secret, the funds will be used to lend to industry. They said that the conditions and amount of the loan are still being worked out.

17 Jan 2025, 02:51:32 PM IST

Jio Financial Services Q3 Results Live: Check out technical views for the stock 

Riyank Arora of Mehta Equities stated that Jio Financial Services shares formed a bullish harami reversal pattern from lower levels and indicated strong signs of reversal. With major support being placed at 265 the stock looks poised for upside towards 290-295. Overall technically the stock is looking strong for further up move.

17 Jan 2025, 02:27:56 PM IST

Jio Financial Services Q3 Results Live: Jio Financial Services likely to enter Nifty 50 index

Jio Financial Services Q3 Results Live: Jio Financial Services shares are likely to enter the benchmark Nifty 50 index soon. According to estimates by JM Financial, Jio Financial Services and Zomato are likely to replace state-run Bharat Petroleum Corporation Ltd (BPCL) and FMCG major Britannia Industries in the upcoming Nifty 50 semi-annual rebalancing in March.

The announcement for the Nifty constituent changes is due in the month of February 2025, effective from March 31, 2025. JM Financial anticipates Jio Financial Services could see passive inflows amounting to $356 million on account of entry into the benchmark Nifty 50 index.

17 Jan 2025, 02:07:48 PM IST

Jio Financial Services Q3 Results Live: Jio Financial Services stock trades marginally higher ahead of Q3 results today

Jio Financial Services Q3 Results Live: Jio Financial Services share price trades marginally higher ahead of its Q3 results today

View Full Image
17 Jan 2025, 01:48:55 PM IST

Jio Financial Services Q3 Results Live: AMC Business with Blackrock

Jio Financial Services Q3 Results Live: Jio Financial Services and BlackRock Inc. last year announced the incorporation of two joint venture (JV) companies to undertake the mutual fund business. The two companies incorporated are Jio BlackRock Asset Management Private Limited and Jio BlackRock Trustee Private Limited.

Jio Financial Services invested 82.50 crore for 8.25 crore equity shares, or 50% stake, in Jio BlackRock Asset Management and 40 lakh for 4 lakh shares, or 50% stake, in the Jio BlackRock Trustee. These joint venture companies incorporated pursuant to the in-principle approval received by Jio Financial Services and BlackRock Financial Management Inc. to act as co-sponsors and set up the proposed mutual fund.

17 Jan 2025, 01:21:28 PM IST

Jio Financial Services Q3 Results Live: JPSL receives RBI nod to operate as online payment aggregator

Jio Financial Services Q3 Results Live: Jio Financial Services’ subsidiary Jio Payment Solutions, in October 2024, had received approval from the Reserve Bank of India (RBI) to operate as an “online payment aggregator."

17 Jan 2025, 12:46:11 PM IST

Jio Financial Services Q3 Results Live: Technical charts show potential bullish reversal pattern for Jio Finance stock: Anshul Jain

Jio Financial Services Q3 Results Live: Jio Finance is showing promising signs with its IPO base breakout levels nearing 262. The weekly chart is highlighting a hammer candle, a bullish reversal pattern, indicating potential for further upward momentum. Investors with an 18-month horizon may find this an attractive entry point, as the long-term prospects appear strong. However, for short-term traders, there are currently no immediate trading opportunities, as the stock is consolidating near key levels. Patience is required, but for those looking to invest with a medium-to-long-term perspective, JioFinance offers a favorable setup for growth over the coming months, said Anshul Jain, Head of Research at Lakshmishree Investment and Securities.

17 Jan 2025, 12:13:38 PM IST

Jio Financial Services Q3 Results Live: Jio Financial Services stock price trend

Jio Financial Services Q3 Results Live: Jio Financial Services share price has fallen over 17% in one month and the NBFC stock is down more than 19% in the past six months. On a one-year basis, Jio Finance stock price has delivered 15% returns. 

17 Jan 2025, 11:46:20 AM IST

Jio Financial Services Q3 Results Live: Should you buy Jio Finance stock ahead of Q3 results today?

Jio Financial Services Q3 Results Live: Jio Financial Services shares have fallen 18% in one month and analysts expect the stock is bottoming out.

“Jio Finance stock seems to be bottoming out. Traders can buy the stock on dips and at current market price. The first target is 300 and the second target is 305. Stop loss should be kept at 265 level," said Ganesh Dongre, Senior Manager - Technical Research at Anand Rathi.

17 Jan 2025, 11:21:37 AM IST

Jio Financial Services Q3 Results Live: Revenue in Q2 rose 14% YoY

Jio Financial Services Q3 Results Live: Jio Financial Services reported a 14% increase in revenue from operations for the second quarter of the current fiscal, reaching 693.5 crore, up from 608.04 crore in the same quarter last year. However, total expenses surged to 146 crore in the September quarter, more than double the 71 crore reported in the corresponding period of the previous year.

17 Jan 2025, 10:54:42 AM IST

Jio Financial Services Q3 Results Live: Firm posts net profit of ₹689 crore in Q2FY25

Jio Financial Services Q3 Results Live: Jio Financial Services reported a 3.1% increase in consolidated net profit at 689 crore for the second quarter of FY25, as against 668 crore in the corresponding period last year. The company’s net profit surged by 120% compared to 312.63 crore in the June quarter.

17 Jan 2025, 10:16:17 AM IST

Jio Financial Services Q3 Results Live: Jio Finance shares gain ahead of Q3 results

Jio Financial Services Q3 Results Live: Jio Financial Services share price gained over a percent ahead of the Q3 results announcement today. Jio Finance shares rose as much as 1.68% to an intraday high of 281.40 apiece on the BSE. The stock opened at 279.70 as against previous close of 276.75.

17 Jan 2025, 10:00:15 AM IST

Jio Financial Services Q3 Results Live: Jio Finance board mee today to consider Q3 results

Jio Financial Services Q3 Results Live: The meeting of the Board of Directors of the Company is scheduled to be held on Friday, January 17, 2025, to consider and approve the standalone and consolidated unaudited financial results of the Company for the quarter and nine months ended December 31, 2024.

17 Jan 2025, 09:49:32 AM IST

Jio Financial Services Q3 Results Live: Jio Financial Services to declare Q3 results today

Jio Financial Services Q3 Results Live: Jio Financial Services, the billionaire Mukesh Ambani-owned non-banking finance company (NBFC), will announce its Q3 results today. The company has notified the stock exchanges about the announcement of its earnings for the third quarter of FY25 on January 17. 

Recommended For You
GENIE RECOMMENDS

Get the best recommendations on Stocks, Mutual Funds and more based on your Risk profile!

Let’s get started