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Informist, Thursday, Oct. 16, 2025

 

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--Jio Fincl Jul-Sept consol net profit INR 6.95 bln 
--Jio Fincl Jul-Sept consol net profit INR 6.95 bln vs INR 6.89 bln year ago 
--Jio Fincl Jul-Sept consol revenue INR 9.81 bln vs INR 6.94 bln year ago 
--Jio Fincl Apr-Sept consol net profit INR 10.20 bln vs INR 10.02 bln yr ago 
--Jio Fincl Apr-Sept consol revenue INR 15.94 bln vs INR 11.11 bln year ago 
--Jio Fincl: NBFC AUM INR 147.12 bln as on Sept 30 vs INR 12.06 bln year ago 
--Jio Fincl: AMC AUM INR 159.80 bln as on Sept 30 
 

 

By Kabir Sharma

 

MUMBAI – Jio Financial Services Ltd.'s net profit for the September quarter was largely unchanged from the year ago figure as a rise in total expenses offset the surge in interest income. Sequentially, the bottom line more than doubled on the back of healthy dividend income.

 

The financial services holding company reported a net profit of INR 6.95 billion for the September quarter, largely unchanged from INR 6.89 billion a year ago. The company released its earnings after market hours. Shares of Jio Financial Services Thursday ended 0.2% lower at INR 312.10 on the National Stock Exchange. 

 

Total expenses of the company rose by almost three times to INR 4.36 billion from INR 1.46 billion year ago. The sharp increase in expenses offset the rise in interest income which almost doubled to INR 3.92 billion in the reporting quarter from INR 2.05 billion year ago. Income from fees, commission and other services rose over three times to INR 1.40 billion, supporting the bottom line.

 

The consolidated revenue of the company, boosted by growth in interest income rose 41.5% on year to INR 9.81 billion in the reporting quarter. The income of Jio Financial Services comprises gross fee and net interest income from the non-bank finance company and the payments bank; gross fee income from the asset management company; fee and commission income from the payment solutions and insurance broking businesses; and gross fee income from the sale of digital gold.

 

Assets under management of the NBFC at the end of September were INR 147.12 billion, up from INR 12.06 billion year ago. Jio Credit, the non-bank arm of Jio Financial services, reported a 12 times on-year growth in assets during the quarter. The NBFC expanded its physical footprint to cover 14 cities through 15 offices

 

Assets under management of the mutual fund rose to INR 159.80 billion as on Sept. 30. The maiden new fund offer of the mutual fund has garnered INR 15 billion in investments.

 

"...As we design financial services of the future for all Indians, we are actively leveraging next-gen AI and analytics to position JioFinance as a trusted, intelligent, and simplified digital platform that delivers personalised, and fit-for-purpose products to each individual customer. The results of these efforts would become more pronounced over the coming quarters," Hitesh Sethia, managing director and chief executive officer of the company, said.

 

Jio Financial Services, a holding company for multiple financial services businesses, was listed in August 2023. Jio Finance was established in 2006 as Reliance Retail Finance Ltd., a non-deposit-taking non-banking finance company.  End

 

Edited by Ashish Shirke

 

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