Jio Financial Services Ltd
JIOFINJio Financial Services Ltd
JIOFINPrice Chart
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Key Metrics
No LabelNo Label | PB RatioPB Ratio | Dividend YieldDiv. Yield |
---|---|---|
134.63 | 1.55 | — |
Sector PESector PE | Sector PBSector PB | Sector Div YldSctr Div Yld |
---|---|---|
18.10 | 2.51 | 0.96% |
Forecast & Ratings
Detailed Forecast from 2 analysts
Price
Price Upside
Earnings
Earnings Growth
Revenue
Rev. Growth
Company Profile
Jio Financial Services Ltd provides accessible non-deposit financial solutions, leveraging infrastructure and digital reach for various segments.
Investor Presentation
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Compare with peersBajaj Finance Ltd
Shriram Finance Ltd
Bajaj Housing Finance Ltd
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Forecasts
Price
Revenue
Earnings
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Revenue Forecast
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Earnings Per Share Forecast
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Income
Balance Sheet
Cash Flow
Income Statement
Financial Year | FY 2023 | FY 2024 | TTM | |||
---|---|---|---|---|---|---|
Total Revenue | 44.84 | 2,283.20 | 2,375.53 | |||
Raw Materials | — | — | 405.72 | |||
Power & Fuel Cost | — | — | ||||
Employee Cost | 0.00 | 116.04 | ||||
Selling & Administrative Expenses | 1.61 | 163.21 | ||||
Operating & Other expenses | -6.11 | 26.54 | ||||
EBITDA | 49.34 | 1,977.41 | 1,969.81 | |||
Depreciation/Amortization | 0.00 | 21.52 | 21.77 | |||
PBIT | 49.34 | 1,955.89 | 1,948.04 | |||
Interest & Other Items | — | — | — | |||
PBT | 49.34 | 1,955.89 | 1,948.04 | |||
Taxes & Other Items | 18.09 | 351.34 | 341.89 | |||
Net Income | 31.25 | 1,604.55 | 1,606.15 | |||
EPS | 154.69 | 5.05 | 2.53 | |||
DPS | 0.00 | 0.00 | 0.00 | |||
Payout ratio | 0.00 | 0.00 | 0.00 |
Company Updates
Peers & Comparison
FinancialsConsumer Finance
Valuation
Technical
Forecast
Stock | PE RatioPE Ratio | PB RatioPB Ratio | Div. YieldDividend Yield |
---|---|---|---|
Jio Financial Services Ltd | 134.76 | 1.55 | — |
Bajaj Finance Ltd | 28.58 | 5.38 | 0.54% |
Shriram Finance Ltd | 16.11 | 2.39 | 1.43% |
Bajaj Housing Finance Ltd | 65.68 | 9.30 | — |
Price Comparison
Compare JIOFIN with any stock or ETFShareholdings
Promoter Holdings Trend
Institutional Holdings Trend
Total Retail Holding
In last 3 months, retail holding in the company has almost stayed constant
Foreign Institutional Holding
In last 3 months, foreign institutional holding of the company has almost stayed constant
Shareholding Pattern
Dec 2023
Mar 2024
Jun 2024
Sep 2024
Shareholding History
Mutual Funds Holding Trend
Mutual Fund Holding
In last 3 months, mutual fund holding of the company has almost stayed constant
Top 5 Mutual Funds holding Jio Financial Services Ltd
Funds (Top 5) | The rupee value of the stock held by the fund divided by the stock’s market cap Market-cap held | Percentage of the fund’s portfolio invested in the stock Weight | Change in the portfolio weight of the stock over the last 3 months 3M holding change | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months Portfolio rank(3M change) |
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Quant Small Cap Fund - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 0.7974% | Percentage of the fund’s portfolio invested in the stock 6.32% | Change in the portfolio weight of the stock over the last 3 months 1.44% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 2/94 (0) |
Motilal Oswal Midcap Fund - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 0.7725% | Percentage of the fund’s portfolio invested in the stock 8.04% | Change in the portfolio weight of the stock over the last 3 months 0.42% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 5/29 (-1) |
Motilal Oswal Flexi Cap Fund - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 0.5407% | Percentage of the fund’s portfolio invested in the stock 9.38% | Change in the portfolio weight of the stock over the last 3 months 0.36% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 6/29 (-1) |
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Events
Dividend Trend
No Dividends
JIOFIN has not given any dividends in last 5 years
Dividends
Corp. Actions
Announcements
Legal Orders
Dividends
Jio Financial Services to lure the customers to celebrate the Dhanteras festival season has launched SmartGold, whereby the customers can buy digital gold through Jiofinance App. SmartGold offers customers a completely digital, secure and seamless process for buying gold and redeeming their investments in exchange for cash, or gold coins, or gold jewelry. Customers can now invest in digital gold anytime, anywhere, starting as low as Rs. 10. SmartGold offers customers a completely digital, secure and seamless process for buying gold and redeeming their investments in exchange for cash, or gold coins, or gold jewelry. Customers can now invest in digital gold anytime, anywhere, starting as low as Rs. 10. Powered by Capital Market - Live
Total income jumped 14.11% to Rs 693.85 crore during the quarter as compared with Rs 608.04 crore in corresponding quarter last year. The company's interest income climbed 19.88% year on year (YoY) to Rs 204.98 crore for the quarter ended 30 September 2024. Profit before tax (PBT) stood at Rs 773.49 in Q2 FY25, up 2.53% as compared with Rs 754.43 crore in Q2 FY24. Total expenses surged 104.49% to Rs 146.07 crore while employee benefit expenses surged 117.3% to Rs 67.71 crore in Q2 FY25 over Q2 FY24. Pre-provisioning operating profit jumped 2.79% to Rs 552 crore in Q2 FY25 as compared with Rs 537 crore posted in corresponding quarter last year. Jio Financial Services is a non-banking financial company (NBFC) registered with the Reserve Bank of India (RBI) and engaged in business of finance, trading in futures and options, trading / investments in shares and securities. The scrip rose 0.06% to settle at Rs 330.75 on the BSE.Powered by Capital Market - Live
Total income jumped 14.11% to Rs 693.85 crore during the quarter as compared with Rs 608.04 crore in corresponding quarter last year. The company's interest income climbed 19.88% year on year (YoY) to Rs 204.98 crore for the quarter ended 30 September 2024. Profit before tax (PBT) stood at Rs 773.49 in Q2 FY25, up 2.53% as compared with Rs 754.43 crore in Q2 FY24. Total expenses surged 104.49% to Rs 146.07 crore while employee benefit expenses surged 117.3% to Rs 67.71 crore in Q2 FY25 over Q2 FY24. Pre-provisioning operating profit jumped 2.79% to Rs 552 crore in Q2 FY25 as compared with Rs 537 crore posted in corresponding quarter last year. Jio Financial Services is a non-banking financial company (NBFC) registered with the Reserve Bank of India (RBI) and engaged in business of finance, trading in futures and options, trading / investments in shares and securities. The scrip rose 0.39% to settle at Rs 330.55 on Friday, 18 October 2024.Powered by Capital Market - Live
Net profit of Jio Financial Services rose 3.13% to Rs 689.07 crore in the quarter ended September 2024 as against Rs 668.18 crore during the previous quarter ended September 2023. Sales rose 14.06% to Rs 693.50 crore in the quarter ended September 2024 as against Rs 608.04 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales693.50608.04 14 OPM %79.7589.14 - PBDT779.10759.83 3 PBT773.49754.43 3 NP689.07668.18 3 Powered by Capital Market - Live
Jio Financial Services will hold a meeting of the Board of Directors of the Company on 18 October 2024.Powered by Capital Market - Live
The new and improved JioFinance App, a one-stop destination for seamless and digital-first financial services, is now available on the Google Play Store, Apple App Store and MyJio, with a wide range of attractive offerings. A beta version of the JioFinance App was launched on 30 May 2024. Over six million users have experienced Jio Financial Services' (JFSL) new-age digital platform, and the valuable customer feedback received was instrumental in improving the app's overall user experience. A wide array of financial products and services have been added since the Beta launch, including Loan on Mutual Funds, Home Loans (including Balance Transfer), and Loan Against Property. These loans are available at competitive terms and will offer substantial savings for our customers. On the savings front, the digital savings account from Jio Payments Bank (JPBL), which can be opened digitally in under 5 minutes, offers a secure bank account with biometric authentication and a physical debit card. Over 1.5 million customers manage their routine, recurring expenses using their JPBL account. Additionally, features such as seamless UPI payments, mobile recharge, and ability to pay credit card bills are empowering customers to transact digitally with ease. The JioFinance app also offers customers an aggregate view of their holdings across different bank accounts and across their mutual fund holdings, helping them manage their finances better. Moreover, the JioFinance app brings as many as 24 insurance plans spanning a comprehensive suite of life, health, two-wheeler and motor insurance digitally. JFSL, along with its joint venture partner BlackRock are also working towards bringing world-class, innovative investment solutions to customers. Powered by Capital Market - Live
Jio Financial Services and BlackRock Advisors Singapore have incorporated a joint venture company named 'Jio BlackRock Investment Advisers' on 06 September' 2024, to carry on, inter alia, the primary business of investment advisory services subject to regulatory approvals. The Company will invest an amount of Rs. 3 crore towards initial subscription of 30,00,000 equity shares of face value Rs. 10/- each. The Certificate of Incorporation was received from the Ministry of Corporate Affairs, on 07 September 2024.Powered by Capital Market - Live
Jio Financial Services has subscribed to 6,80,00,000 equity shares of Rs.10/- each of Jio Payments Bank (JPBL), for cash at par, aggregating Rs. 68 crore for its business purposes. Post this investment, the Company's holding in JPBL has increased from 78.95% to 82.17%Powered by Capital Market - Live
Jio Financial Services has incorporated a wholly owned subsidiary named Jio Finance Platform and Service on 14 August 2024. The new company will carry the business of distribution of financial products and allied services. Powered by Capital Market - Live
Jio Financial Services announced that the Annual General Meeting (AGM) of the company will be held on 30 August 2024.Powered by Capital Market - Live
Total Promoter Holding
In last 6 months, promoter holding in the company has almost stayed constant
Low Pledged Promoter Holding
Pledged promoter holdings is insignificant