Jio Financial Q4 Update: Jio Financial Services announced on Monday, April 14, that it will conduct its board meeting on Thursday, April 17, to consider its January-March quarter results for fiscal 2024-25 (Q4FY25). The Mukesh Ambani-owned non-banking financial company (NBFC) said that it will declare its fourth quarter results on April 17, 2025, and recommend a final dividend, if any cleared, for FY25 on the same day.
Jio Financial Services also announced that a presentation to the analysts on the company's financial results for the quarter and year ended March 31, 2025, shall be made available on the same day after the board meeting.
"We wish to inform pursuant to Regulation 29 and other applicable provisions of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, a meeting of the Board of Directors of the company is scheduled to be held on Thursday, April 17, 2025, to:
I. Consider and approve the standalone and consolidated audited financial results of the company for the quarter and year ended March 31, 2025, and
II. Recommend a dividend on equity shares of the company for the financial year ended March 31, 2025.
A presentation to analysts on the company's financial results for the quarter and year ended March 31, 2025, shall be made on the same day after the meeting," said Jio Financial Services in a regulatory filing to the stock exchanges.
Formerly known as Reliance Strategic Investments Limited, the NBFC's Payments Bank Business Correspondent network expanded to 7,300 outlets. Jio Financials said earlier that it secured a marketing tie-up with the MyJio app to boost customer acquisition in the near term. Further, Jio Payments Services Ltd (JPSL) has received an Online Payment Aggregator license.
Jio Financial Services Ltd announced its October-December quarter results for fiscal 2024-25 (Q3FY25) on January 17, 2025, reporting a marginal rise of nearly 0.3 per cent in its net profit to ₹295 crore, compared to ₹294.8 crore in the third quarter of the previous financial year.
Demerged from billionaire Mukesh Ambani-led oil-to-telecom conglomerate Reliance Industries Ltd (RIL), Jio Financial Services Ltd is engaged in the business of investing and financing, insurance broking, payment banking, payment aggregator/ payment gateway services and asset management.
Total income increased to ₹449 crore from ₹414 crore in the third quarter of the previous fiscal year. Total expenses also increased year-on-year (YoY), at ₹131 crore, compared to ₹99 crore in the same quarter a year ago.
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