Jio Financial Services, a non-banking finance company (NBFC) owned by billionaire Mukesh Ambani, will announce its Q3 results for FY25 today, January 17. Ahead of the earnings report, Jio Finance shares remained flat, although the stock has fallen over 17% in the past month. Over the past year, however, the stock has gained 15%. The company offers services such as loans, savings accounts, UPI bill payments, and digital insurance. It currently has a market capitalisation of more than ₹1.76 lakh crore.
For Q2FY25, Jio Financial Services reported a 3.1% increase in its consolidated net profit, reaching ₹689 crore, up from ₹668 crore in the same period last year. The company’s net profit also surged 120% compared to ₹312.63 crore in the previous quarter (Q1FY25).
Ahead of the Q3 results announcement, Jio Financial Services saw a rise in its share price. The stock gained as much as 1.68%, reaching an intraday high of ₹281.40 on the BSE. The stock opened at ₹279.70, up from its previous close of ₹276.75.
The company’s Board of Directors is set to meet on January 17, 2025, to consider and approve the standalone and consolidated unaudited financial results for the quarter and nine months ended December 31, 2024.
Jio Financial Services Ltd is a financial services company located in Mumbai, India. It was initially a part of Reliance Industries but became an independent entity after being demerged and was listed on Indian stock exchanges in August 2023.
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Published on: Jan 17, 2025, 11:30 AM IST
Kusum Kumari
Kusum Kumari is a Content Writer with 4 years of experience in simplifying financial market concepts. Currently crafting insightful content at Angel One, She specialise in breaking down complex topics into easy-to-understand pieces, blending expertise in market fundamentals and technical analysis.
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