Reliance group’s NBFC, Jio Financial Services, announced its first-ever dividend of ₹0.50 per share on Thursday. In a stock exchange filing dated April 17, Jio Financial confirmed that its board approved the dividend. They added that their letter from April 14, 2025, was followed by the board’s decision to recommend a dividend of ₹0.50 per ₹10 share for the financial year ending March 31, 2025. The company will soon announce the record date for paying the dividend. They also said they will inform the public about the date for the annual general meeting and when the dividend will be paid if it receives shareholder approval.
Jio Financial also released its Q4 results. The consolidated net profit rose 1.8 percent to ₹316.11 crore for the March quarter. This is higher than the ₹310.63 crore profit recorded in the same quarter last year. For the third quarter of 2024-25, the profit was ₹295 crore. Total income increased to ₹518 crore from ₹418 crore a year earlier, showing a 24 percent rise. Expenses also grew, reaching ₹168 crore compared to ₹103 crore last year.
For the full year 2024-25, the net profit was slightly higher at ₹1,612.59 crore, compared to ₹1,604.55 crore in 2023-24. The company’s assets under management (AUM) reached ₹10,053 crore at the end of FY25. This is a big jump from ₹173 crore at the end of FY24. PPOP stood at ₹1,594 crore in FY25, with revenue from operations at ₹349 crore.
Jio Financial Services was created from Reliance Industries Ltd. It works in investing, financing, insurance broking, payment banking, and payment gateway services.