Latest news with #JPBL
Business Standard
2 days ago
- Business
- Business Standard
Jio Financial Q1 PAT rises 3.8% YoY, AMC business scales rapidly
Jio Financial Services' consolidated net profit rose 3.83% to Rs 325 crore while total income jumped 48.09% to Rs 418 crore in Q1 June 2025 over Q1 June 2024. The pre-provisioning operating profit stood at Rs 366 crore, up 8%, while profit before tax rose 4.5% to Rs 419 crore during the period under review. The standout performer was its lending arm, Jio Credit Limited (JCL). Its AUM skyrocketed to Rs 11,665 crore in Q1 FY26, compared to just Rs 217 crore a year ago. This is also a solid jump from Rs 10,053 crore in Q4 FY25. Net interest income spiked 240% to Rs 118 crore, and PAT grew 24% to Rs 45 crore. With a net worth of Rs 4,983 crore and a capital adequacy ratio of 38.2%, JCL is well capitalized, maintaining a conservative debt-to-equity ratio of 1.7x. Operationally, JCL now has a presence in 11 cities and has launched an end-to-end digital journey for loans against securities. The company also secured a "AAA" rating from CareEdge and CRISIL for its NCDs, boosting its credit profile. A new debt management framework has been rolled out to strengthen collections and streamline operations. On the asset management front, Jio BlackRock, the companys JV with global giant BlackRock, is making quick gains. As of 2 July 2025, the JV had an AUM of Rs 17,876 crore, making it one of the top 15 debt asset managers in India. Its new fund offerings across overnight, liquid, and money market categories have pulled in more than 90 institutional investors and 67,000 individuals, making it one of Indias largest debt NFOs. Five new index funds have received regulatory clearance. The JV is also leveraging BlackRocks Aladdin platform to deliver a fully integrated, tech-driven investment experience. The JV is also eyeing wealth and broking services. Jio has been approved to operate as an Investment Adviser and is finalizing its go-to-market strategy. Meanwhile, Jio BlackRock Broking was incorporated in January 2025 and received its broking license by June. In the banking space, Jio Financial acquired SBI's 14.96% stake in Jio Payments Bank (JPBL) for Rs 105 crore, making it a wholly-owned subsidiary. As of June 30, JPBL had 2.58 million customers and a deposit base of Rs 358 crore. It also secured empanelment from NHAI and Indian Highway Management Company Limited (IHMCL) as an acquirer bank for toll collection, adding three plazas to its portfolio. This diversification is expected to strengthen the banks revenue mix. Hitesh Sethia, managing director and CEO, JFSL, said: "As we scale up, by nurturing businesses at various stages of maturity, our results reflect the measured and evolving nature of our growth curve. The significant capital received during the demerger uniquely positions us to support early stage businesses through returns on market investments, and deploy capital more assertively in businesses that exhibit strong unit economics and profitability. We are also in the advanced stages of enhancing the JioFinance app as an intuitive and intelligent platform, which will offer a diverse range of products from well-known finance brands, complementing our in-house product portfolio. This will enable us to offer a comprehensive suite of financial services to customers across all demographics and geographies. Our core purpose remains consistent: to create exceptional customer and shareholder value at scale through innovation, discipline and strategic foresight." Jio Financial Services 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 Credit, Jio Insurance Broking, Jio Payment Solutions, Jio Leasing Services, Jio Finance Platform and Service, and Jio Payments Bank. Shares of Jio Financial Services were down 0.36% at Rs 316.95 on the BSE.
India.com
2 days ago
- Business
- India.com
Mukesh Ambani' hits JACKPOT! this company reported Rs 3250000000 profit in…, up by…
Jio Financial Services Ltd (JFSL) reported a 4% rise in consolidated net profit to Rs 325 crore for the quarter ended June 2025, compared to Rs 313 crore in the same period last year. The company's total income rose to Rs 619 crore as against Rs 418 crore in the June quarter of the previous year, JFSL said in a regulatory the period, interest income doubled to Rs 363 crore as against Rs 162 crore in the same quarter a year ago. Total expenses increased significantly to Rs 261 crore from Rs 79 crore in the same quarter of last year. Jio Financial Q1 Results JFSL, in the quarter, acquired 7.9 crore equity shares of Jio Payments Bank Limited (JPBL) from State Bank of India, representing 14.96 per cent of equity share capital of JPBL for Rs 104.54 crore. Consequently, JPBL has become a wholly-owned subsidiary effective from June 18 2025. Exceptional item represents the excess of fair value gain on remeasurement of investment in JPBL of Rs 439.16 crore over the goodwill of Rs 410.59 crore relating to this acquisition, it said. Jio Financial Services, carved out from Reliance Industries Ltd, is engaged in the business of investing and financing, insurance broking, payment bank and payment aggregator and payment gateway services. Its subsidiary Jio Finance Ltd launched a home loan product and loan against mutual funds last year. Formation Of Jio BlackRock During the quarter, both JFSL and BlackRock Advisors Singapore Pte Ltd have contributed Rs 63 crore each as equity capital in Jio BlackRock Asset Management Private Limited. SEBI on June 10, 2025, has granted a certificate of registration to Jio BlackRock Investment Advisers Private Limited (JBIAPL) to act as an Investment Adviser. During the quarter, JFSL and BlackRock Advisors Singapore Pte Ltd have contributed Rs 66.50 crore each as equity share capital in JBIAPL, it added. (With Inputs From PTI)
Mint
2 days ago
- Business
- Mint
Jio Financial Q1 Results: Profit jumps 3.8% YoY to ₹325 crore; revenue surges 47%
Jio Financial Q1 Results: Jio Financial Services Limited (JFSL) on Thursday, 17 July 2025, reported a 3.8 per cent increase in its consolidated net profit to ₹ 324.6 crore for the April to June quarter of the financial year 2025-26, up from ₹ 312.6 crore in the same period last year. Revenue from operations surged 46.58 per cent to ₹ 612.46 crore from ₹ 417.82 crore in the corresponding quarter a year ago. Net interest income (NII) rose 52 per cent year on year to ₹ 264.06 crore for the quarter ended June 30, 2025. In the same quarter last year, the company posted NII of ₹ 161.74 crore. The company's revenue in the April to June quarter of FY26 increased by 24% quarter-over-quarter, while its profit was 3 per cent higher than in the March 2025 quarter. The quarterly results were announced post the markets hours on Thursday. The company shares closed 1.5 per cent lower at ₹ 318.1 after Thursday's market session. Jio Financial Services share price opened at ₹ 320 per share on the BSE today. The stock expected to be in focus on Friday after the announcement of Q1 earnings. JFSL bought State Bank of India's 14.96% stake in Jio Payments Bank Limited (JPBL) for approximately ₹ 105 crore in Q1FY26. This acquisition made JPBL a fully owned subsidiary of JFSL. As of June 30, 2025, the payments bank served 2.58 million customers and held deposits worth ₹ 358 crore, the company informed. Jio BlackRock Asset Management Private Limited received approval to start operations in May 2025 and launched its initial New Fund Offer (NFO) for three cash and debt funds on June 30, 2025. The three funds collectively attracted investments totalling more than ₹ 17,800 crore during the three-day NFO period, JFSL stated in its financial results.
India.com
21-06-2025
- Business
- India.com
Big Move by Mukesh Ambani, acquires SBI's entire stake in..., buys it for Rs...
Big Move by Mukesh Ambani, acquires SBI's entire stake in…, buys it for Rs… One of the world's richest men, Mukesh Ambani's company Jio Financial Services, in an exchange filing on Wednesday, informed that it has acquired more than 7.90 crore equity shares of JPBL from SBI after the Reserve Bank of India's approval on June 4. The shares were worth Rs 104.54 crore. Following the mega acquisition, JPBL has become a wholly owned subsidiary of Jio Financial Services. 'The Company has today at around 3.27 p.m acquired 7,90,80,000 equity shares of Jio Payments Bank Limited ('JPBL') from State Bank of India for an aggregate consideration of Rs. 104.54 crore under the approval received from the Reserve Bank of India on June 4, 2025. Consequent to this acquisition, JPBL has become a wholly owned subsidiary of the Company,' Jio Financial Services said in the regulatory filing. Notably, Jio Financial had revealed its intentions to acquire 17.8 percent stake of SEBI in Jio Payments Bank in March this year. Jio Financial Services, in collaboration with its joint venture partner BlackRock, has introduced a range of new mutual fund schemes through their jointly owned company, Jio BlackRock Asset Management Pvt Ltd. Clearing its path to enter the growing Indian mutual fund market, Reliance Group's Jio Financial Services has partnered with BlackRock to launch Jio BlackRock Asset Management In May, it received Securities and Exchange Board of India's (SEBI) approval to start the mutual fund business in the country. On May 26, 2025, the Securities and Exchange Board of India (SEBI) registered Jio BlackRock Mutual Fund and approved Jio BlackRock Asset Management Private Ltd. as its asset management company. JioBlackRock Asset Management will introduce an investment proposition to the mutual fund investors, as well as to institutional investors in India. It is planning to launch exciting investment products over the coming months. This also includes those that apply BlackRock's industry-leading capabilities in data-driven investing. Jio BlackRock Mutual Fund launched an investment management platform called 'Aladdin'—the company's unique investment analytics and risk management platform. Jio BlackRock Mutual Fund announced the India launch of Aladdin, BlackRock's investment analytics and risk management platform. The company stated this is a first step towards making investing more accessible and affordable in India. Jio Financial Services shares ended at Rs 288.00, which was 0.62 percent lower from the earlier close of Rs 289.80, on the Bombay Stock Exchange.
Business Standard
19-06-2025
- Business
- Business Standard
Jio Financial buys 7.90 crore JPBL shares from SBI for Rs 104.54 crore
Jio Financial Services announced that it has acquired 7.90 crore equity shares of Jio Payments Bank Ltd (JPBL) from State Bank of India (SBI) for a total consideration of Rs 104.54 crore. The transaction follows the approval granted by the Reserve Bank of India (RBI) on 7 June 2025, enabling the transfer of shares. JPBL is now a wholly owned subsidiary of 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, 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. Shares of Jio Financial Services fell 1.20% to Rs 284.55 on the BSE.
