Jio Financial Services share price climbs over 2%; here is why

The non-banking financial company (NBFC) will meet on April 17 to consider and approve its financial results for the January to March quarter (Q4) of FY25.

“Jio Financial Services Ltd has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 17/04/2025, inter alia, to consider and approve the standalone and consolidated audited financial results of the Company for the quarter and year ended March 31, 2025, and recommend a dividend on equity shares of the Company for the financial year ended March 31, 2025,” the company said in a stock exchange filing.

At 11:47 AM, Jio Financial Service shares were trading at ₹235 apiece on the National Stock Exchange, gaining 2.17%.

The stock had jumped 11.4% in the last five trading days, while for a six-month period, it has tanked 30%.

Year-to-date, Jio Financial Services shares have tumbled nearly 23%.

Its market capitalisation stands at ₹1.50 lakh crore.

The company, which has recently entered the NIFTY50 index, had touched its 52-week low of ₹198.65 per share on March 3, 2025.

The stock’s one-year high was attained on April 23, 2024, at ₹394.70.

The Reliance arm's consolidated net profit remained flat at ₹295 crore in the latest third quarter, compared to ₹294 crore in the corresponding period last fiscal.

Total income stood at ₹449 crore in the reporting quarter, up from ₹414 crore in Q3 FY24. Total expenses increased to ₹131 crore against ₹99 crore in the year-ago period.

For the nine-month period of the financial year 2024-25, the company's net profit rose marginally to ₹1,296 crore compared to ₹1,294 crore a year back.

Jio Financial Services Ltd is involved in investment and financing, payment banking, insurance broking, payment gateway services and payment aggregation.

The Mumbai-based firm is a financial services company. Originally a subsidiary of Reliance Industries, it was demerged as an independent entity and listed on the Indian stock exchanges in August 2023.