• The joint venture asset management company filed application for final approval.
• Senior leadership and core business teams buildout in advanced stages.
• Tech platform and infra deployment progressing as per plan; building a unified investment platform with focus on operational excellence and efficiency
• Product roadmap and go-to-market strategy in place

• The company's NBFC vertical's AUM stood at ₹4,199 crore as compared to ₹1,206 crore in the previous quarter of Q2FY25.
• Similarly, the customer base of payments bank verticle jumped 25% QoQ to 1.89 million from 1.5 million in Q2FY25.
• The company recorded 7.4 mn Average MAU across all digital properties of Jio Financial Services.

Jio Financial Services net profit for the quarter remained largely unchanged at ₹294 crore as compared to ₹293 crore in the previous year similar quarter. On a sequential basis, the net profit dropped from ₹689 crore in Q2FY25 as the company received significant profits from associate and joint ventures worth ₹225 crore in addition to the dividend income of ₹240 crore, which ballooned the bottom-line for the company in September quarter.

Jio Financial Services reported a 6% YoY jump in revenue at ₹438 crore as against ₹413 crore in the previous year similar quarter. However, the total revenue dropped 35% YoY from ₹693 crore in Q2FY25. This was largely due to one time dividend income incurred during Q2FY25 of ₹240 crore.

The core interest income for the company dropped from ₹269 crore in Q3FY24 to ₹210 crore in Q3FY25. However, the net gain on the fair value changes jumped 91% to ₹191 crore for Q3FY25 as against ₹103 crore.

Jio Financial Services is a Core Investment Company, or CIC, registered with the Reserve Bank of India. It operates its financial services business through consumer-facing companies through Jio Finance Ltd., Jio Insurance Broking Ltd., Jio Payment Solutions Ltd., Jio Leasing Services Ltd., Jio Finance Platform and Service Ltd. and Jio Payments Bank Ltd.

Further it has also entered into a joint venture with BlackRock, the world’s largest asset manager, to offer asset management, wealth management and broking services in India.

Jio BlackRock Asset Management Private Limited” and “Jio BlackRock Trustee Private Limited” incorporated on October 28, 2024, to carry, the primary business of mutual fund, subject to regulatory approvals. The newly incorporated company will undertake the asset management business for Jio Financial Services.

Shares of Jio Financial Services closed 0.7% higher on the NSE at ₹278 apiece on the NSE after hitting intraday high of ₹281 apiece on the NSE.

In August 2024, RIL Chairman and Managing Director Mukesh Ambani said that Jio Financial Services (JSFL) will lead the way in shaping a prosperous and inclusive financial future for India by focussing on technology and developing tailor-made products.

In a message to shareholders, Ambani said the company's focus remains firmly on innovation, growth, and fostering financial literacy across the nation.

Jio Financial Services and Blackrock announced a joint venture for wealth management and brokerage business in India in April 2024. The company had earlier too partnered with Black rock for its asset management business. In which both partners intend to invest $150 million each.

Jio Financial Services reported Q2FY25 jump in the net worth to ₹1,39,148 crore as against ₹1,37,144 crore in previous year similar quarter. The company incorporated Jio BlackRock Investment Advisers Private Ltd. to offer wealth management services in September 2024 quarter.

Jio Financial services had reported a total income of ₹1,855 crore and a net profit of ₹1,605 crore and had a networth of ₹1,39,148 crore. The company is headed by chairman of Reliance Industries Mukesh Ambani, chairman KV Kamath, Hitesh Kumar Sethia Managing Director and CEO.

Shares of Jio Financial Services traded 0.5% lower at ₹278 apiece on the NSE ahead of its Q3FY25 results to be released later today. Jio Financial Services have delivered 29% returns in 2024 on annual basis and have dropped 8.5% in 2025 till date.

• Jio Finance Ltd reported loan book of ₹1,206 crore in Q2FY25.
• Jio Payments bank served 1.5 million CASA customers with digital savings bank account.
• Jio Insurance Broking Ltd launched health insurance products, offering 24 plans through digital channels.

At 11:40 AM, shares of Jio Financial Services are currently trading 0.38% higher at ₹277.85 apiece , ahead of Q3 results.

• The company reported a marginal 3% rise in net profit to ₹689 crore in the second quarter ended September 2024.

• Total income increased to ₹694 crore as against ₹608 crore logged in the same quarter a year ago, Jio Financial Services said in a regulatory filing.

• However, total expenses doubled to ₹146 crore as against ₹71 crore in the same period in the previous year.

The market capitalisation of Jio Financial Services stands at ₹1,76,426.74 crore as shares are up 0.33% to ₹277.70.

Shares of Jio Financial Services are trading 0.47% higher at ₹278.1 apiece on the National Stock Exchange.

Non-deposit-taking NBFC Jio Financial Services will declare its financial results for the October-December quarter of the financial year 2024-25 on January 17.