Jio Financial Services posts Rs 1,613cr FY25 profit as AUM crosses Rs 10,000cr

Jio Financial Services Limited, formerly known as Reliance Strategic Investments Limited, reported a consolidated net profit of ₹1,613 crore for the financial year ended March 31, 2025. The company posted a sharp rise in Assets Under Management (AUM), which grew to ₹10,053 crore — a steep increase from ₹173 crore the year before. This expansion in scale reflects the acceleration of Jio Finance Limited’s lending business and digital financial product offerings across key segments.

The Board of Directors approved the audited financial results during its April 17 meeting in Mumbai, highlighting strong operating performance, effective product launches, and scale-driven efficiencies across its ecosystem of financial services entities.

How did Jio Financial Services perform in FY25?

In FY25, Jio Financial Services recorded total income of ₹2,079 crore, up 12% year-on-year. The company’s pre-provision operating profit (PPoP) stood at ₹1,594 crore, while profit after tax came in at ₹1,613 crore. For the final quarter of the financial year, total income rose 24% to ₹518 crore, and net profit reached ₹316 crore. The company also announced a dividend of ₹0.50 per share on equity shares with a face value of ₹10.

The nearly 58-fold increase in AUM from the previous year underlines the momentum in Jio Finance Limited’s non-banking financial company (NBFC) operations and reflects significant capital deployment through the year.

What financial services drove this expansion?

Jio Financial Services structured its product portfolio around four key consumer needs: to borrow, invest, transact, and protect. The year witnessed the launch of a wide range of offerings across loans, digital gold, UPI payments, insurance, savings accounts, and investment tracking.

The JioFinance app, a consolidated digital platform for these offerings, was integrated into the MyJio app in September 2024. By March 2025, the app had reached 8 million monthly active users. The rapid increase in app-based adoption further demonstrates how digital platforms are fuelling the company’s growth.

On the physical front, Jio Finance Limited expanded into 10 Tier-1 cities to address demand for retail and corporate lending. Meanwhile, Jio Payments Bank Limited grew its customer base to 2.31 million and expanded its business correspondent network to more than 14,000 agents — a sixfold increase from the prior year.

How is digital innovation powering growth?

Jio Financial Services has positioned itself as a technology-led financial services provider. In FY25, its unified digital storefront, JioFinance, not only facilitated product delivery but also served as the operational backbone for analytics, customer insights, and targeted marketing.

A proprietary data intelligence engine is now enabling real-time analysis of internal and external data sets to optimise customer acquisition and engagement. Contextual campaigns were rolled out within the broader Reliance ecosystem, allowing for more effective cross-sell and customer lifecycle engagement.

The company also rolled out JioSoundPay — an audio-based UPI alert solution on JioBharat feature phones — through Jio Payment Solutions Limited. This solution was designed to enhance security and usability for merchants, highlighting JFSL’s emphasis on inclusive, tech-enabled financial access.

What capital deployment was undertaken?

To support its expanding operations, JFSL infused ₹1,346 crore into group entities. These investments were allocated to Jio Finance Limited, Jio Payments Bank Limited, and its joint ventures with BlackRock. The JV with BlackRock aims to deliver asset management and wealth services tailored to Indian consumers and adds a new dimension to JFSL’s product portfolio.

This capital infusion underpins JFSL’s scale-up in high-potential verticals and reflects the group’s strategy to maintain operational autonomy across subsidiaries while leveraging shared infrastructure and insights.

What is the company’s longer-term strategy?

Managing Director and CEO Hitesh Sethia stated that FY25 was a year of fast-paced execution, marked by rapid product launches and distribution expansion. He noted that the company would further leverage AI and its integrated data infrastructure in FY26 to align product delivery with customer intent and channel behaviour.

The group’s stated ambition is to become a leading player in India‘s financial services sector — not just by scale, but through innovation, accessibility, and affordability. The company’s multi-pronged model, spanning lending, payments, insurance, and wealth management, is designed to serve India’s growing middle-income and digital-savvy population.

What does the historical trajectory reveal?

Jio Financial Services Limited was initially incorporated as Reliance Strategic Investments Private Limited in 1999. It later operated as Reliance Strategic Investments Limited until July 2023, when it was demerged from Reliance Industries Limited and renamed as Jio Financial Services Limited. Its shares were listed on both BSE and NSE from August 2023, signalling its independent trajectory in India’s financial sector.

JFSL’s origins within the Reliance Group have given it a competitive edge through access to capital, technology, and a captive user base. This advantage is now being used to build a modern financial services enterprise aligned with the government’s broader goals of digital financial inclusion and public infrastructure utilisation.

How does JFSL compare within India’s fintech and NBFC landscape?

India’s financial services sector is undergoing rapid transformation, as legacy institutions face competition from agile fintechs and neo-banks. In this evolving environment, JFSL’s strategy of combining a digital-first user experience with physical distribution networks positions it uniquely.

By aligning with regulatory frameworks like UPI, Aadhaar-based KYC, and business correspondent models, JFSL is pushing financial products deeper into underpenetrated markets. Its partnerships — including the BlackRock JV — also enable access to asset management and broking capabilities, a rare combination among newly listed financial entities.

Compared to traditional NBFCs, JFSL’s use of AI-driven targeting, ecosystem synergies, and app-based onboarding provides a scalable advantage. At the same time, its regulatory structure as a Core Investment Company (CIC) ensures risk governance, especially important in India’s tightly monitored financial sector.

How is the market reacting and what’s the investment outlook?

As of April 17, 2025, Jio Financial Services Limited is traded under the symbol “JIOFIN” on both the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE). Although the precise trading data for the day was not available at the time of publication, sentiment around the stock is largely positive following the earnings announcement.

The sharp rise in AUM from ₹173 crore to over ₹10,000 crore within one year, paired with a consolidated profit after tax of ₹1,613 crore, signals strong fundamentals and disciplined capital deployment. These results have increased investor confidence and are expected to reflect in improved market valuation.

Considering the company’s strategic investments, robust execution, and scalable tech infrastructure, analysts tracking financial services firms are likely to view JFSL as a long-term growth opportunity. For investors with a moderate-to-long-term horizon, the stock currently presents a Buy recommendation based on performance trends, digital distribution momentum, and leadership in product innovation.

However, as with any investment in an emerging player within a volatile sector, risks around execution, competition, and regulatory shifts remain. Prospective investors should assess their individual risk profile and stay informed on quarterly updates and strategic pivots from the company.

As JFSL enters FY26, the strength of its foundation — defined by rapid digital adoption, capital-backed expansion, and regulatory-aligned operations — positions it as a formidable player in India’s financial services transformation. The path ahead will depend on sustained innovation, operational agility, and the ability to offer products tailored to the financial lives of millions of Indians — all while maintaining market credibility and investor trust.