Jio Financial Services Ltd's Q3FY25 Quarter Results
- 22 Jan 2025
Result Summary
- Jio Financial Services Ltd reported a 35.3% quarter-on-quarter (QoQ) decrease in its consolidated revenues for the quarter-ended Dec (Q3FY25). On a year-on-year (YoY) basis, it witnessed a growth of 8.3%.
- Its expenses for the quarter were down by 16.8% QoQ and up 20.0% YoY.
- The net profit decreased 57.2% QoQ and increased 0.3% YoY.
- The earnings per share (EPS) of Jio Financial Services Ltd stood at 0.5 during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 448.89 | 693.85 | 414.33 | -35.3% | 8.3% |
Total Expenses | 118.41 | 142.31 | 98.71 | -16.8% | 20.0% |
Profit Before Tax | 318.14 | 547.78 | 315.38 | -41.9% | 0.9% |
Tax | 82.44 | 84.42 | 87.67 | -2.3% | -6.0% |
Profit After Tax | 294.78 | 689.07 | 293.82 | -57.2% | 0.3% |
Earnings Per Share | 0.50 | 1.10 | 0.50 | -54.5% | 0.0% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
Jio Financial Services Ltd is a key player in the financial services industry, primarily focusing on offering a wide range of services including lending, insurance, and investment management. As a part of the larger Reliance Industries ecosystem, Jio Financial Services leverages its technological prowess and extensive customer base to deliver innovative financial solutions. The company has been active in expanding its digital financial services, aiming to cater to the evolving needs of its customers. However, further specific details about recent developments or changes in its product offerings are not available in the provided data, restricting a deeper exploration of its strategic initiatives.
Revenue
In the third quarter of the financial year 2025 (Q3FY25), Jio Financial Services Ltd reported a total income of ₹448.89 crores. This represented a decrease of 35.3% compared to the previous quarter (Q2FY25), which had a total income of ₹693.85 crores. On a year-over-year basis, the company experienced an increase of 8.3% from Q3FY24, where the total income was ₹414.33 crores. The decline in quarterly revenue could be attributed to various factors, including market conditions or changes in consumer demand, although the data does not specify these factors.
Profitability
For the same period, the profit before tax was reported at ₹318.14 crores, marking a significant decline of 41.9% from the preceding quarter's figure of ₹547.78 crores. When compared year-over-year, the profit before tax showed a marginal increase of 0.9% from ₹315.38 crores in Q3FY24. The profit after tax for Q3FY25 stood at ₹294.78 crores, down by 57.2% from Q2FY25, which was ₹689.07 crores. Year-over-year, the profit after tax showed a slight increase of 0.3% from ₹293.82 crores in Q3FY24. The tax expenses for this quarter were ₹82.44 crores, a small decrease from both the previous quarter and the same quarter last year.
Operating Metrics
The earnings per share (EPS) for Q3FY25 was reported at ₹0.50, which represented a decrease of 54.5% from the previous quarter's EPS of ₹1.10. On a year-over-year basis, the EPS remained constant at ₹0.50. The total expenses for the company in Q3FY25 were ₹118.41 crores, reflecting a decrease of 16.8% from Q2FY25, where expenses were ₹142.31 crores. However, compared to Q3FY24, total expenses have seen an increase of 20.0% from ₹98.71 crores. This fluctuation in expenses could be influenced by operational adjustments or changes in cost structures not detailed in the provided data.
