Jio Financial Services Ltd
JFSL was originally incorporated as Reliance Strategic Investments Private Limited in July, 1999 under the Companies Act 1956. Jio Financial Services Limited was incorporated in July, 23. JFSL is a NBFC-ND-SI registered with RBI. The company is a holding company and will operate its financial services business through its consumer-facing subsidiaries namely Jio Finance Limited (JFL), Jio Insurance Broking Limited (JIBL), and Jio Payment Solutions Limited (JPSL) and joint venture namely Jio Payments Bank Limited (JPBL).[1]Jio Financial Serv
- Market Cap ₹ 1,62,132 Cr.
- Current Price ₹ 255
- High / Low ₹ 339 / 199
- Stock P/E 102
- Book Value ₹ 212
- Dividend Yield 0.20 %
- ROCE 1.47 %
- ROE 1.23 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
- Company is expected to give good quarter
Cons
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Financial Services Financial Services Finance Investment Company
Part of Nifty 50 BSE 500 BSE 100 BSE 200 BSE Dollex 200
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|
| 45 | 1,855 | 2,043 | 2,988 | |
| 6 | 296 | 495 | 950 | |
| Operating Profit | 39 | 1,559 | 1,549 | 2,038 |
| OPM % | 88% | 84% | 76% | 68% |
| 10 | 429 | 428 | 413 | |
| Interest | 0 | 10 | 8 | 455 |
| Depreciation | 0 | 22 | 23 | 27 |
| Profit before tax | 49 | 1,956 | 1,947 | 1,969 |
| Tax % | 37% | 18% | 17% | |
| 31 | 1,605 | 1,613 | 1,605 | |
| EPS in Rs | 2.53 | 2.54 | 2.52 | |
| Dividend Payout % | 0% | 0% | 20% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | 52% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | -2% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | 7% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| Last Year: | 1% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|
| Equity Capital | 2 | 6,353 | 6,353 | 6,353 |
| Reserves | 114,118 | 132,794 | 117,143 | 128,386 |
| 743 | 0 | 3,970 | 10,506 | |
| 66 | 5,715 | 6,033 | 7,206 | |
| Total Liabilities | 114,930 | 144,863 | 133,500 | 152,452 |
| 158 | 172 | 180 | 350 | |
| CWIP | 38 | 3 | 14 | 14 |
| Investments | 108,141 | 133,292 | 118,910 | 135,984 |
| 6,593 | 11,395 | 14,395 | 16,104 | |
| Total Assets | 114,930 | 144,863 | 133,500 | 152,452 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|
| 2,055 | -678 | -10,083 | |
| -1,110 | 1,441 | 6,406 | |
| -889 | -753 | 3,962 | |
| Net Cash Flow | 56 | 11 | 285 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|
| Debtor Days | 113 | 3 | 3 |
| Inventory Days | |||
| Days Payable | |||
| Cash Conversion Cycle | 113 | 3 | 3 |
| Working Capital Days | 3,644 | 21 | -37 |
| ROCE % | 2% | 1% |
Documents
Announcements
-
Announcement under Regulation 30 (LODR)-Acquisition
24 Jan - Jio Financial incorporated JAIML on Jan 23, 2026; invests Rs.1 crore for 10,00,000 shares.
-
Announcement under Regulation 30 (LODR)-Earnings Call Transcript
21 Jan - Transcript of Presentation on Unaudited Financial Results (Consolidated and Standalone) for the quarter and nine months ended December 31, 2025
-
Announcement under Regulation 30 (LODR)-Monitoring Agency Report
16 Jan - Crisil MA: No deviation; Rs15,825cr warrants issue; Rs3,956.25cr received; Rs266.19cr used; Rs2,865.81cr invested.
-
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
15 Jan - Audio-video recording of presentation on unaudited consolidated and standalone results for quarter and nine months ended Dec 31, 2025.
-
Announcement under Regulation 30 (LODR)-Press Release / Media Release
15 Jan - Q3 FY26 consolidated total income Rs.901 crore (+101% YoY); PAT Rs.269 crore; NBFC AUM Rs.19,049 crore.
Annual reports
Concalls
-
Jan 2026Transcript PPT REC
-
Nov 2025TranscriptPPTREC
-
Oct 2025TranscriptAI SummaryPPT
-
Jul 2025Transcript PPT REC
-
Apr 2025Transcript PPT REC
-
Jan 2025Transcript PPT
-
Oct 2024Transcript PPT
-
Jul 2024Transcript PPT
-
Apr 2024TranscriptPPT
-
Apr 2024Transcript PPT
-
Jan 2024Transcript PPT
-
Oct 2023Transcript PPT
Overview
The financial services business Reliance Industries Ltd got demerged into Jio Financial Services. [1] [2]
In July,24, the company received the final approval from the RBI to become a Core Investment Company - Non-Deposit taking - Systemically important Company from an NBFC. [3]