- Total Income at Rs. 518 crore, up 24% YoY.
- Pre-Provision Operating Profit at Rs. 374 crore, up 18% YoY.
- Profit After Tax at Rs. 316 crore.
NE BUSINESS BUREAU
MUMBAI, APR 20
Reliance group NBFC Jio Financial Services Limited on Thursday said its consolidated net profit rose 1.8 per cent to ₹316.11 crore for the March quarter.
The company had earned a consolidated net profit of ₹310.63 crore in the same quarter of the previous 2023-24 fiscal year. Its profit in the third quarter of 2024-25 fiscal year was ₹295 crore, Jio Financial Services said in a regulatory filing.
Total income increased to ₹518 crore, from ₹418 crore in the fourth quarter of the previous fiscal year, a year-on-year growth of 24 per cent.
For the full 2024-25, the company’s net profit also improved marginally to ₹1,612.59 crore, as against ₹1,604.55 crore in 2023-24.
Jio Finance AUM stood at ₹10,053 crore as of FY25, a sharp increase over ₹173 crore at the end of FY24, the company shared as part of investor presentation. PPOP stood at ₹1,594 crore in FY25 while income from business operations came in at ₹349 crore.
Along with a growing suite of financial products and services, the Company also focused on enhancing its distribution reach across digital and physical touchpoints. JFSL’s digital distribution ecosystem was further bolstered by the integration of the Company’s product offerings with the MyJio app in September 2024.
The JioFinance app, a unified digital storefront for JFSL’s retail-focused products and services, gained traction and recorded 8 million monthly active users (MAU) across all digital properties in March 2025.
The data intelligence engine created at JFSL is helping process diverse sets of internal and external data to improve customer targeting, customer experience and operational efficiency. During the year, contextual marketing campaigns targeted at the group ecosystem’s expansive customer base were rolled out.
The JFSL group’s physical footprint also grew during the year, with Jio Finance Limited 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 Limited, 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.
A key highlight of the year was an industry-first initiative by Jio Payment Solutions Limited, JioSoundPay on JioBharat feature phones. JioSoundPay is an innovative feature that provides instant audio alerts for UPI payments, boosting security and ease for merchants.
To fuel future growth aspirations and support the growing scale of our diverse businesses, 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.
Underscoring JFSL’s commitment to creating value for all stakeholders, the Board of Directors of JFSL recommended a dividend of Rs. 0.50 per equity share of face value Rs. 10 each.
“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 app’s 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,” said Hitesh Sethia, Managing Director and Chief Executive Officer, Jio Financial Services Limited.
