Jio Financial Services log 1.6% rise in Q4 net profit to Rs 311 crore

Mumbai (Maharashtra) [India], April 17 (ANI): Jio Financial Services has reported a marginal 1.6 per cent rise in its consolidated net profit in the January-March quarter at Rs 316 crore, compared with Rs 311 crore registered in the same quarter of the previous financial year.

For the entire financial year 2024-25, the net profit or profit after tax rose from Rs 1,605 crore to Rs 1,613 crore.

The company's total income rose from Rs 418 crore to year-on-year to Rs 518 crore in the January-March quarter. For the entire financial year, it rose from Rs 1,855 crore to Rs 2,079 crore.

Jio Financial Services also announced a Rs 0.5 per share dividend for its stakeholders. A dividend is a reward or pay out that companies often provide to their shareholders, though not mandatory, from a portion of their earnings.

Jio Financial Services Limited (JFSL) is a Core Investment Company (CIC), registered with the Reserve Bank of India. The company operates a full-stack financial services business through customer-facing entities, including Jio Finance Limited, Jio Insurance Broking Limited, Jio Payment Solutions Limited, Jio Leasing Services Limited, Jio Finance Platform and Service Limited, and Jio Payments Bank Limited. (ANI)

(The story has come from a syndicated feed and has not been edited by the Tribune Staff.)