Jio Financial shares gain 2% as board to consider first-ever dividend

Extending gains for the second straight session, shares of Jio Financial Services (JFS) rose over 2% on Tuesday after the financial services company said that its board will meet on April 17 to consider a dividend for its shareholders. This would be first-ever cash reward by Mukesh Ambani-led Reliance Group firm to its shareholders since its listing on domestic bourses in August 2023.

The board of Jio Financial will also consider and approve the financial results for the quarter and year ended March 31, 2025, at its meeting on April 17.

“The meeting of the board of directors of the company is scheduled on 17/04/2025, inter alia, to consider and approve the standalone and consolidated audited financial results of the company for the quarter and year ended March 31, 2025 and recommend dividend on equity shares of the company for the financial year ended March 31, 2025,” JFS said in a BSE filing last night.

Cheering the news, Jio Financial share price jumped as much as 2.5% to ₹235.85, after ending 4.2% higher at ₹230.15 on Friday. At the time of reporting the NBFC heavyweight was up 25 at ₹234.70, with a market capitalisation of ₹1.49 lakh crore.

Meanwhile, shares of Reliance Industries, the country’s most valued firm, were up 1.6% at 1,238.30, with a market cap of 16.76 lakh crore, in sync with benchmark indices Sensex and Nifty, which were up 2%.

At the current level, Jio Financial shares are down 40% from its 52-week high of ₹394.7 touched on April 23, 2024, while it has rebounded 18% from its 52-week low of ₹198.60 hit on March 3, 2025. The non-banking finance company (NBFC) stock has seen correction of 23% in the calendar year 2025, while it has lost 33% in the past one year, and 30% in six months.

For December quarter of FY25, Jio Financial reported flat consolidated profit at ₹295 crore, up marginally by 0.3% year-on-year from ₹294 crore in the same quarter of the previous fiscal year. The total revenue rose 6% to ₹438 crore in Q3 FY25, from ₹414 crore posted in the corresponding quarter of the previous financial year. Its assets under management (AUM) increased to ₹4,199 crore, compared to ₹1,206 crore in the preceding September quarter of FY25. 

Last week, Jio Financial announced its entry into digital loan against securities, allowing its customers to leverage their investments, such as shares and mutual funds, to avail loans at competitive interest rates. The company has introduced fully digital loan against securities (LAS) feature for its customers, offering loans of up to ₹1 crore in just 10 minutes through the JioFinance App.

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