Mumbai38 minutes ago
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Jio Financial Services Limited, the non-banking financial company (NBFC) of Reliance Industries, has made a profit of Rs 269 crore in the third quarter of the financial year 2025-26. It has declined by 9% on an annual basis. The company had made a profit of Rs 295 crore in the same quarter a year ago.
There has been an increase of 101% in the company’s earnings. Jio Financial has earned Rs 901 crore in the October-December quarter. This figure was Rs 449 crore in the same quarter last year. There has been a slight decline in profits due to investment in new business and increasing expenses.
4 big things about Jio Finance result
- Total assets under management increased: The company is now managing more money than before. Its total assets (AUM) have increased by 29% to ₹19,049 crore compared to the previous quarter. This means that the company’s scope is expanding rapidly.
- There has been a rise in loan distribution: The company’s loan business (Jio Credit) disbursed loans worth ₹8,615 crore in this quarter. This is almost twice more than last year. People are showing interest in taking loan from Jio.
- Jio Payments Bank’s earnings increased: The total earnings of the bank have increased 10 times. Now it has more than 32 lakh customers. People’s deposits in banks have also increased by 94% to ₹507 crore.
- Two and a half times jump in payment transactions: The total transaction volume through Jio has increased by 2.6 times to ₹ 16,315 crore. That means shopkeepers and customers are using Jio’s system for payment more than ever before.
Jio Finance shares fell 10% in 6 months
Shares of Jio Financial Services Limited closed at Rs 287.30 yesterday. The company’s shares have fallen 1.58% in the last 5 days. It has fallen 4.11% in one month and 10% in 6 months. The finance company’s shares have risen 5.47% in one year. The market capitalization of the company is Rs 1.83 lakh crore.
Jio Financial Services was formed in 1999
Jio Financial Services Limited was incorporated on 22 July 1999 as Reliance Strategic Investments Private Limited. Subsequently, the name of the company was changed to Reliance Strategic Investment Limited. The name of the company was changed to ‘Jio Financial Services Limited’ by issuing a new certificate of incorporation on 25 July 2023.
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