Jio Financial Services Q4 profit rises 2% to ₹316 cr; AUM crosses ₹10,000 cr

Net profit of Jio Financial Services Ltd rose 2% year-on-year to ₹316 crore for the quarter ended March 31, 2025. For the full financial year, the company reported a profit of ₹1,613 crore.

Total income for the fourth quarter stood at ₹518 crore, up 24% year-on-year.

Jio Financial Services’ asset under management stood at ₹10,053 crore as of March 31, 2025, up from ₹173 crore as of March 31, 2024, and ₹4,199 crore as of December 31, 2024.

The company’s board recommended a dividend of ₹0.50 per equity share. The firm's income from business operations for the fiscal year 2024-25 stood at ₹349 crore. Total income came in at ₹2,079 crore, up 12% YoY.

To fuel future growth aspirations and support the growing scale of its diverse businesses, JFSL infused additional equity of ₹1,346 crore in group entities, including Jio Finance Ltd, Jio Payments Bank Ltd, and the joint ventures with BlackRock for asset management and wealth management.

Along with a growing suite of financial products and services, the company also focused on enhancing its distribution reach across digital and physical touchpoints. JFSL’s digital distribution ecosystem was further bolstered by the integration of the company’s product offerings with the MyJio app in September 2024.

The JFSL group’s physical footprint also grew during the year, with Jio Finance Ltd establishing a physical presence in 10 Tier-1 cities, which are exhibiting strong demand for its suite of retail and corporate lending solutions. Jio Payments Bank Limited, which had 2.31 million customers as on March 31, 2025, expanded its network of Business Correspondents (BC) to 14,000+ BCs, an over six-fold increase over FY24.

The JioFinance app, a unified digital storefront for JFSL’s retail-focused products and services, gained traction and recorded 8 million monthly active users (MAU) across all digital properties in March 2025.

"In FY25, we leveraged the strong foundation built in FY24 to drive exceptional execution and significant operational growth across businesses, in a risk-calibrated manner. The year was defined by swift product launches, strengthening distribution across key markets, and rapid growth in the JioFinance app’s user base,” said Hitesh Sethia, managing director and chief executive officer, Jio Financial Services.

"In FY26, we will build upon this momentum by leveraging our integrated data infrastructure and AI-driven analytics to offer the right product to the right customer, through the right channel. Over the medium-to-long term, our aspiration is to become one of the leading companies in financial services, in terms of meaningful market share, innovation, and ability to offer products at cost points relevant for Indian customers," Sethia added.