Jio Financial Services Q4 net profit rises 1.8% to ₹316 crore, dividend announced

Jio Financial Services Ltd on Thursday said its consolidated net profit rose 1.8% 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 the 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%.

Total expenses also witnessed a year-on-year increase at ₹168 crore as compared to ₹103 crore in the same quarter a year ago.

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.

The board of the company recommended a dividend of ₹0.50 per equity share of ₹10 each for the financial year ended March 31, 2025.

In its investor presentation, the company said it had incorporated Jio BlackRock Investment Advisers Pvt Ltd to offer wealth management services in September 2024. In March 2025, the company has filed application with Sebi for registration as investment advisor.

Separately, Jio BlackRock Broking Pvt Ltd, which was incorporated in January 2025 to offer broking services, has filed application with Sebi for broking licence in March 2025.

Recruitment of CXOs for wealth management and broking in progress, Jio Financial said.

Shares of Jio Financial Services closed at ₹246.45, up 1.73 per cent over the previous close on the BSE.