Today, January 17, Jio Financial Services, the non-banking finance business (NBFC) that is owned by billionaire Mukesh Ambani, will make its Q3 results for FY25 public. Although Jio Finance’s stock has dropped more than 17% in the last month, it stayed unchanged ahead of the results report. But the stock has increased by 15% in the last year. The company provides services like digital insurance, UPI bill payments, savings accounts, and loans. At now, its market value exceeds ₹1.76 lakh crore.
The share price of Jio Finance settled flat to positive prior to the release of its Q3 earnings. After rising 15% in a year, the stock has fallen more than 17% in the last month. Jio Financial Services offers its clients digital insurance, UPI bill payment, savings accounts, and loans. It has a market value of almost 1.76 lakh crore rupees.
Jio Financial Services Q3 Results
In the third quarter of the prior fiscal year, total income was ₹414 crore, but it rose to ₹449 crore. Additionally, total expenses rose year over year (YoY), reaching ₹131 crore from ₹99 crore in the same period last year. In the September quarter of FY25, Jio Financial Services revealed that its assets under management (AUM) had increased to ₹4,199 crore from ₹1,206 crore. The December quarter saw an increase in the digital footprint, with an average of 7.4 million monthly active users (MAUs) on all digital platforms. With nine offices, the NBFC currently operates in seven cities.
About the Company – Jio Financial Services
On July 22, 1999, Jio Financial Services Limited was registered as a Private Limited Company under the name and style of “Reliance Strategic Investments Private Limited,” as granted by the Mumbai-based Registrar of Companies, Maharashtra. After that, on January 14, 2002, in Mumbai, the company changed its name from Private Limited Company to Public Limited Company and was renamed as “Reliance Strategic Investments Limited.” As a result, the Company’s name was changed to Jio Financial Services Limited through the Scheme of Arrangement, and the Mumbai-based Registrar of Companies, Maharashtra, issued a new Certificate of Incorporation on July 25, 2023.
