Latest news with #JFSL
Business Standard
2 days ago
- Business
- Business Standard
Jio Financial ends higher after SEBI grants registration certificate to Jio BlackRock Broking
Jio Financial Services advanced 3.57% to Rs 323.55 after the Securities and Exchange Board of India, has granted a certificate of registration dated 25 June 2025 to Jio BlackRock Broking (JBBPL) to act as a stock broker / clearing member. The announcement was made during market hours today. Jio Financial Services (JFSL) is a core investment company (CIC), registered with the Reserve Bank of India. JFSL is a new-age institution, which operates a full-stack financial services business through customer-facing entities, including Jio Finance, Jio Insurance Broking, Jio Payment Solutions, Jio Leasing Services, Jio Finance Platform and Service, and Jio Payments Bank. The company had reported 1.8% increase in consolidated net profit to Rs 316.11 crore on 18% jump in revenue from operations to Rs 493.24 crore in Q4 FY25 over Q4 FY24.
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Business Standard
2 days ago
- Business
- Business Standard
Jio Financial stock hits 6-mth high, soars 5% on heavy volumes; here's why
Jio Financial share price rises on Friday: BlackRock Broking Private Limited has received regulatory approval from the Sebi to commence operations as a brokerage firm in India. SI Reporter Mumbai Jio Financial Services share price Shares of Jio Financial Services (JFSL) hit a six-month high of ₹327.75, as they surged 5 per cent on the BSE in Friday's intra-day trade amid heavy volumes following the news that the market regulator - the Securities and Exchange Board of India (Sebi) granted a certificate of registration to Jio BlackRock Broking Private Limited to act as a stock broker/clearing member. The stock price of JFSL was trading at its highest level since December 18, 2024. In the past six trading days, the stock has rallied 15 per cent. It has bounced back 65 per cent from its 52-week low level of ₹198.60, which touched on March 3, 2025. The stock had hit a 52-week high of ₹363 on September 27, 2024. At 11:18 AM; JFSL was quoting 3.6 per cent higher at ₹323.55, as compared to 0.2 per cent gain in the BSE Sensex. The average trading volumes at the counter jumped nearly 1.5 times, with a combined 31.19 million shares changing hands on the NSE and BSE. Why are Jio Financial Services shares in focus? JFSL today announced that the Sebi has granted a certificate of registration dated June 25, 2025 to Jio BlackRock Broking Private Limited (JioBlackRock Broking), to act as a stock broker / clearing member. JioBlackRock Broking said it aims to bring affordable, transparent, and technology-driven execution capabilities for Indian investors. The broking entity's parent company, JioBlackRock Investment Advisers is a 50:50 joint venture between JFSL and BlackRock Inc. Along with the recent regulatory approvals received by Jio BlackRock Asset Management Private Limited and JioBlackRock Investment Advisers to commence operations, receipt of the broking license enables the JioBlackRock joint venture to offer holistic investment solutions to the people of India, the company said. Earlier, on June 11, the company said the Sebi, vide letter dated June 10, 2025, granted certificate of registration to Jio BlackRock Investment Advisers Private Limited (JBIAPL) to act as an investment adviser. Further, the Sebi, vide letter dated May 26, 2025, has granted certificate of registration to 'Jio BlackRock Mutual Fund'; and approval to Jio BlackRock Asset Management Private Limited to act as the Asset Management Company for 'Jio BlackRock Mutual Fund'. 'These are exciting times for us. Even as JioBlackRock's Asset Management arm introduces innovative mutual funds to the market, and JioBlackRock Investment Advisers prepares to launch operations, the approval for the broking entity adds another dimension to our strategy of democratising investments in India, through easily accessible and digital-first solutions,' Hitesh Sethia, Managing Director and CEO, JFSL said. FY25 performance of JFSL and outlook JFSL reported a healthy pre-provisioning operating profit of ₹1,594 crore for FY2025, including investment income and dividend income. To support growing scale across businesses, JFSL also made equity investments of ₹1,346 crore in group entities including Jio Finance, Jio Payments Bank, and the joint ventures with BlackRock for asset management and wealth management, to enable these entities expand their market presence Driven by significant technological advancements this past year, Jio Payment Solutions, the subsidiary of JFSL, is strategically positioned to pursue a diversified distribution strategy - micro and small merchants onboarding through JioBharat Phones, dedicated engagement channel for large clients, and leveraging the group's ecosystem to acquire enterprise clients. JPSL's focus remains on profitable growth while expanding margins and maintaining unit-level profitability. ALSO READ | About Jio Financial Services Jio Financial Services (JFSL) is a Core Investment Company (CIC), registered with the Reserve Bank of India. JFSL is a new-age institution, which operates a full-stack financial services business through customer-facing entities, including Jio Finance Limited, Jio Insurance Broking Limited, Jio Payment Solutions Limited, Jio Leasing Services Limited, Jio Finance Platform and Service Limited, and Jio Payments Bank Limited.
Economic Times
3 days ago
- Business
- Economic Times
Jio Financial Services shares rise 3% after Rs 190 crore infusion into Payments Bank arm
Shares of Jio Financial Services rise 3% to Rs 312.2 in Thursday's intraday trade on the BSE after the company announced a capital infusion of Rs 190 crore into its payments bank subsidiary. ADVERTISEMENT In a regulatory filing on Wednesday, Jio Financial Services Ltd (JFSL) said it had been allotted 19 crore equity shares of Rs 10 each in Jio Payments Bank Ltd, its wholly owned subsidiary, for cash at par. JFSL clarified that the transaction is a related-party deal conducted on an arm's length basis, with no involvement or interest from the company's promoters or group entities. Also Read: Jio Financial surges over 50% from March lows: Will the momentum sustain? Last week, JFSL also acquired State Bank of India's entire 17.8% stake in Jio Payments Bank for Rs 104.54 crore, consolidating full ownership of the subsidiary. Also Read: HDB Financial Services IPO: Should you subscribe? Here's what brokerages say ADVERTISEMENT Jio Finance Q4 earnings Jio Financial Services reported a 2% year-on-year (YoY) increase in consolidated net profit to Rs 316 crore for the fourth quarter of FY25, up from Rs 311 crore in the same period last year. ADVERTISEMENT Revenue from operations rose 18% YoY to Rs 493 crore, compared to Rs 418 crore a year ago. On a sequential basis, revenue grew 13%, while profit after tax increased 7%.Interest income for the January–March 2025 quarter declined slightly to Rs 276 crore, while fee and commission income rose to Rs 39 crore. ADVERTISEMENT In the lending and leasing segment, the company's assets under management (AUM) surged to Rs 10,053 crore, a sharp rise from just Rs 173 crore a year earlier. Also Read: These 10 multibagger penny stocks surged 200-570% in last 1 year. Do you own any? ADVERTISEMENT Jio Finance share price targetAccording to Trendlyne, the average target price for Jio Financial Services is Rs 272, indicating a downside of around 12% from current levels. Of the two analysts tracking the stock, the consensus rating is 'Hold'.Technically, the stock's Relative Strength Index (RSI) stands at 65.5, nearing overbought territory. It is trading above its 20-day, 50-day, 100-day, and 200-day simple moving averages, suggesting strong underlying momentum. (Disclaimer: Recommendations, suggestions, views, and opinions given by the experts are their own. These do not represent the views of Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel)
Time of India
3 days ago
- Business
- Time of India
Jio Financial Services shares rise 3% after Rs 190 crore infusion into Payments Bank arm
Jio Financial Services experienced a 3% increase in share value after a substantial investment of Rs 190 crore in Jio Payments Bank. With the acquisition of SBI's stake, the company now holds complete ownership of the bank. Their Q4 profits showed an impressive rise, with a notable uptick in assets under management. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Shares of Jio Financial Services rise 3% to Rs 312.2 in Thursday's intraday trade on the BSE after the company announced a capital infusion of Rs 190 crore into its payments bank a regulatory filing on Wednesday, Jio Financial Services Ltd (JFSL) said it had been allotted 19 crore equity shares of Rs 10 each in Jio Payments Bank Ltd, its wholly owned subsidiary, for cash at clarified that the transaction is a related-party deal conducted on an arm's length basis, with no involvement or interest from the company's promoters or group week, JFSL also acquired State Bank of India 's entire 17.8% stake in Jio Payments Bank for Rs 104.54 crore, consolidating full ownership of the Financial Services reported a 2% year-on-year (YoY) increase in consolidated net profit to Rs 316 crore for the fourth quarter of FY25, up from Rs 311 crore in the same period last from operations rose 18% YoY to Rs 493 crore, compared to Rs 418 crore a year ago. On a sequential basis, revenue grew 13%, while profit after tax increased 7%.Interest income for the January–March 2025 quarter declined slightly to Rs 276 crore, while fee and commission income rose to Rs 39 the lending and leasing segment, the company's assets under management (AUM) surged to Rs 10,053 crore, a sharp rise from just Rs 173 crore a year to Trendlyne, the average target price for Jio Financial Services is Rs 272, indicating a downside of around 12% from current levels. Of the two analysts tracking the stock, the consensus rating is 'Hold'.Technically, the stock's Relative Strength Index (RSI) stands at 65.5, nearing overbought territory. It is trading above its 20-day, 50-day, 100-day, and 200-day simple moving averages, suggesting strong underlying momentum.(Disclaimer: Recommendations, suggestions, views, and opinions given by the experts are their own. These do not represent the views of Economic Times)
Mint
3 days ago
- Business
- Mint
Jio Financial Services stock jumps 3% to 6-month high after capital infusion in payments bank arm
Jio Financial Services share price in focus today: Shares of Jio Financial Services (JFSL) extended their gains for the third straight session on Thursday, June 12, rising 3% intraday to touch a six-month high of ₹ 312 per share, mirroring the positive trend in the Indian stock market. The rally comes after the company announced on Wednesday that it has infused ₹ 190 crore into its payments banking arm, Jio Payments Bank Ltd. According to its regulatory filing, JFSL has been allotted 19 crore equity shares of ₹ 10 each in the wholly owned subsidiary, with the investment made in cash at face value. JFSL clarified that the transaction qualifies as a related-party transaction, as it involves the company and its wholly owned unit. However, it added that the deal was conducted on an arm's-length basis and that no promoter, promoter group, or related group entities had any interest in the transaction. Just last week, JFSL acquired the remaining 17.8% stake, amounting to 7.91 crore shares, held by the State Bank of India in Jio Payments Bank for ₹ 104.54 crore. The acquisition has made Jio Payments Bank a wholly owned subsidiary of JFSL. Shares of Jio Financial Services have rebounded sharply from their April lows, gaining 36% to trade at ₹ 289 apiece. Jio Financial Services Limited—formerly known as Reliance Strategic Investments Limited, the demerged financial arm of Reliance Industries—entered the stock market on August 21, 2023. It debuted at ₹ 265 per share on the BSE and ₹ 262 per share on the NSE, slightly above its discovered price of ₹ 261.85. The company operates as a non-deposit-taking, non-banking financial company, specializing in retail lending, merchant lending, payments bank operations, payment solutions, and insurance broking. On June 17, Jio BlackRock, a 50:50 joint venture between Jio Financial Services (JFSL) and BlackRock, introduced Aladdin, which the company described as a unique investment analytics and risk management platform. In late May, Jio BlackRock Mutual Fund received SEBI's approval to commence operations as an investment manager for its mutual fund business in India. On June 11, the company also informed the exchanges that Jio BlackRock Investment Advisers (JBIAPL) had received approval from the Securities and Exchange Board of India (SEBI) to operate as an investment adviser. Disclaimer: The views and recommendations given in this article are those of individual analysts. These do not represent the views of Mint. We advise investors to check with certified experts before taking any investment decisions.
