Latest news with #JioFinance
Economic Times
7 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)
Economic Times
24-06-2025
- Business
- Economic Times
Jio Financial Services shares jump over 3% amid high volume
Jio Financial Services rose 3% amid strong volumes and positive Q4 results. The firm acquired full control of Jio Payments Bank after buying SBI's stake. AUM saw a massive YoY jump. Despite gains, analysts see limited upside with a 'Hold' rating and Rs 272 target price. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Jio Finance Q4 earnings Jio Finance share price target Shares of Jio Financial Services rose over 3% to Rs 302.7 in Tuesday's trade on the NSE, supported by strong trading volumes. Nearly 105.96 lakh shares worth Rs 318.4 crore changed hands during the of 31 March 2025, the company's shareholding pattern showed 47.1% held by promoters, 11.7% by FIIs, 6.6% by mutual funds, and 26.8% by the stock has delivered a 30% gain over the past three months, though it remains down 15% over the last 12 months. The company currently commands a market capitalization of Rs 1,92,246 week, Jio Financial Services acquired over 7.90 crore equity shares worth Rs 104.54 crore of Jio Payments Bank Limited (JPBL) from State Bank of India (SBI). The transaction, cleared by the Reserve Bank of India (RBI) on 4 June 2025, makes JPBL a wholly owned subsidiary of Jio Financial The acquisition follows Jio Finance's earlier announcement in March to purchase SBI's 17.8% stake in the payments 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 analyst target price for Jio Financial Services is Rs 272, suggesting a downside potential of around 10% from current levels. Among the two analysts covering the stock, the consensus rating is 'Hold'.On the technical front, the stock's Relative Strength Index (RSI) stands at 58, indicating neutral momentum. An RSI below 30 suggests an oversold condition, while above 70 indicates overbought levels. The stock is currently trading above its 20-day, 50-day, 100-day, and 200-day simple moving averages, reflecting underlying strength.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
Time of India
24-06-2025
- Business
- Time of India
Jio Financial Services shares jump over 3% amid high volume
Jio Financial Services rose 3% amid strong volumes and positive Q4 results. The firm acquired full control of Jio Payments Bank after buying SBI's stake. AUM saw a massive YoY jump. Despite gains, analysts see limited upside with a 'Hold' rating and Rs 272 target price. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Jio Finance Q4 earnings Jio Finance share price target Shares of Jio Financial Services rose over 3% to Rs 302.7 in Tuesday's trade on the NSE, supported by strong trading volumes. Nearly 105.96 lakh shares worth Rs 318.4 crore changed hands during the of 31 March 2025, the company's shareholding pattern showed 47.1% held by promoters, 11.7% by FIIs, 6.6% by mutual funds, and 26.8% by the stock has delivered a 30% gain over the past three months, though it remains down 15% over the last 12 months. The company currently commands a market capitalization of Rs 1,92,246 week, Jio Financial Services acquired over 7.90 crore equity shares worth Rs 104.54 crore of Jio Payments Bank Limited (JPBL) from State Bank of India (SBI). The transaction, cleared by the Reserve Bank of India (RBI) on 4 June 2025, makes JPBL a wholly owned subsidiary of Jio Financial The acquisition follows Jio Finance's earlier announcement in March to purchase SBI's 17.8% stake in the payments 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 analyst target price for Jio Financial Services is Rs 272, suggesting a downside potential of around 10% from current levels. Among the two analysts covering the stock, the consensus rating is 'Hold'.On the technical front, the stock's Relative Strength Index (RSI) stands at 58, indicating neutral momentum. An RSI below 30 suggests an oversold condition, while above 70 indicates overbought levels. The stock is currently trading above its 20-day, 50-day, 100-day, and 200-day simple moving averages, reflecting underlying strength.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
India.com
29-04-2025
- Business
- India.com
Akshaya Tritiya 2025 special: Gold rate is over Rs 100000, but THIS company is giving the yellow metal at...
Akshaya Tritiya 2025 special: Gold rate is over Rs 100000, but THIS company is giving the yellow metal at... With gold reaching almost Rs 1-Lakh, the idea of buying something precious on Akshay Tritiya has taken a hit. As per latest prices, Gold prices declined Rs 1,000 to Rs 98,400 per 10 grams in the national capital on Monday amid weak global trend. However this has failed to encourage the buyers. But there is a company which is offering special discount on this auspicious day. This time, to make Akshaya Tritiya more special, Jio Financial Services has announced a great offer. The company has announced Jio Gold 24K Days. Under this, customers will get a chance to get extra gold for free on purchasing digital gold. Talking about Jio Gold 24K Days, it is an event organized around special occasions, in which users of JioFinance and MyJio app can avail special offers on buying digital gold. During the first edition of Jio Gold 24K Days, running from April 29, 2025 to May 5, 2025, customers buying digital gold ranging from Rs 1,000 to Rs 9,999 will get 1 per cent gold free using the offer code JIOGOLD1. On purchases above Rs 10,000, customers will get 2 per cent free gold by using the promo code JIOGOLDAT100 at checkout. Each user can avail this offer a maximum of 10 times during this period. Customers will receive extra digital gold within 72 hours from the time of purchase. A customer can get free gold worth up to Rs 21,000. This offer is applicable only on outright gold purchases and not on Gold SIPs. See offer terms and conditions for more details.
Business Standard
21-04-2025
- Business
- Business Standard
Jio Financial Services Q4 PAT rises 2% YoY to Rs 316 cr
Jio Financial Services (JFSL) 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. Profit before tax (PBT) increased marginally to Rs 395.81 crore during the quarter ended 31st March 2025, up 0.8% as compared with Rs 392.67 crore recorded in the quarter ended 31st Mach 2024. In Q4 FY25, pre-provision operating profit stood at Rs 374 crore, up 18% YoY. On financial year basis, the companys consolidated net profit increased marginally to Rs 1,612.59 crore in FY25, up 0.5%, as compared with Rs 1604.55 crore in FY24. Revenue from operations jumped 10.2% YoY to Rs 2,042.91 crore in FY25. Assets under management (AUM) of Jio Finance (JFSLs NBFC subsidiary) stood at Rs 10,053 crore as of March 31, 2025, up from Rs 173 crore as of March 31, 2024, and Rs 4,199 crore as of December 31, 2024 The JFSL groups physical footprint also grew during the year, with Jio Finance establishing a physical presence in 10 Tier-1 cities, which are exhibiting strong demand for its suite of retail and corporate lending solutions. Jio Payments Bank, which had 2.31 million customers as on March 31, 2025, expanded its network of business correspondents (BC) to 14,000 BCs, an over six-fold increase over FY24. In FY25, JFSL infused additional equity of Rs 1,346 crore in group entities, including Jio Finance Limited, Jio Payments Bank Limited, and the joint ventures with BlackRock for asset management and wealth management. Meanwhile, the companys board declared a dividend of Rs 0.50 per equity share for the financial year ended 31st March 2025. Hitesh Sethia, managing director and chief executive officer, Jio Financial Services, said, In FY25, we leveraged the strong foundation built in FY24 to drive exceptional execution and significant operational growth across businesses, in a risk-calibrated manner. The year was defined by swift product launches, strengthening distribution across key markets, and rapid growth in the JioFinance apps user base. In FY26, we will build upon this momentum by leveraging our integrated data infrastructure and AI-driven analytics to offer the right product to the right customer, through the right channel. Over the medium-to-long term, our aspiration is to become one of the leading companies in financial services, in terms of meaningful market share, innovation, and ability to offer products at cost points relevant for Indian customers. 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 counter shed 0.18% to Rs 246 on the BSE.
