Jio Financial shares gain 1.5% post Q4 results, dividend announcement. Should you buy or sell this Reliance group stock?

Jio Financial share price: Shares of Reliance group-owned Jio Financial Services gained 1.5% in early morning trade on Monday, April 21, following the announcement of the fourth quarter results for the financial year 2024-25 (Q4 FY25) and the first-ever dividend announcement.

Jio Financial posted a 1.76% year-on-year (YoY) rise in its March 2025 quarter net profit to ₹316 crore on Thursday after market trading hours. The non-banking finance company (NBFC) had posted a ₹310.63 crore profit in the same quarter a year ago. On a quarter-on-quarter (QoQ) basis, the net profit surged 7% from ₹294.7 crore posted in the December 2024 quarter.

The company witnessed a 4.5% drop in its net interest income (NII) in Q4 FY25 to ₹268.09 crore from ₹280.74 crore in Q4 FY24. Revenue from operations, however, jumped to ₹493.24 crore during the quarter under review, recording an increase of 18% YoY. The pre-provision operating profit stood at ₹374 crore, recording an 18% rise YoY.

At the end of March 31, 2025, Jio Financial's assets under management (AUM) stood at ₹10,053 crore, up from ₹173 crore as of March 31, 2024.

During the financial year 2024-25, Jio Financial carried out an equity infusion of ₹1,346 crore in group companies to support growth plans.

Jio Financial dividend

Jio Financial Services also announced its first-ever dividend. The Reliance group company's Board recommended a dividend of Rs. 0.50 per equity share of face value ₹10 per share.

Jio Financial shares: How to trade?

Jio Financial shares hit the day's high of ₹250.25, rising as much as 1.5% against its Thursday's closing price of ₹246.45 apiece. This is the fifth straight day of gains for the stock.

Commenting on whether you should buy Jio Financial shares, Anshul Jain, Head of Research at Lakshmishree Investment, said Jio Finance has broken out of a bullish rectangle pattern at ₹232, setting up a strong move towards the pattern target of ₹298.

"The stock may face interim resistance at the swing high of ₹262 but continues to build a solid base, acting as a launchpad for a potential move toward all-time highs. Traders can eye ₹298 as a short-term target, while investors should hold with a broader view as the structure hints at a new high soon," Jain added.

According to Kunal Kamble, Sr. Technical Research Analyst at Bonanza Group, Jio Financial has given a breakout from a Double Bottom pattern, a classic reversal formation that signals a potential shift in momentum to the upside. 

He said the price has closed above both the 21-day and 50-day EMAs, which supports a positive outlook. “Additionally, the RSI is moving higher in alignment with the price action, indicating bullish momentum. Based on this technical setup, a long position can be considered in Jio Financial with a stop-loss at ₹220 and a potential target of ₹280,” Kamble recommended.

As of 11.25 am, Jio Financial share price was at ₹247.95, up 0.61% on the BSE.

Disclaimer: This story is for educational purposes only. The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.