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Jio Financial Services Ltd (JIOFIN)

₹334.70.06%

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Overview
News
Financials
Q1 2024 Results
Technicals

Analyst Rating

based on 1 analysts

HOLD

0.00%

Buy

100.00%

Hold

0.00%

Sell

Based on 1 analysts offering long term price targets for Jio Financial Services Ltd. An average target of ₹350

Source: S&P Global Market Intelligence

Jio Financial Services Ltd Share analysis

Source: S&P Global Market Intelligence

Performance

  • Day's Low

    Day's High

    ₹334.6
    ₹339
  • 52 Week's Low

    52 Week's High

    ₹202.8
    ₹394.7
1 Month Return-5.75 %
3 Month Return-12.3 %
1 Year Return+ 34.55 %
Previous Close₹334.90
Open₹335.25
Volume87.25L
Upper Circuit-
Lower Circuit-
Market Cap₹2,12,771.49Cr

Key Statistics

P/E Ratio134.5
PEG Ratio-0.08
Market Cap₹2,12,771.49 Cr
P/B Ratio0
EPS0

Mutual Fund Holdings

Funds HoldingsPrev. 6M
Quant Small Cap Fund Growth Option Direct PlanQuant Small Cap Fund Growth Option Direct Plan5.68%
Motilal Oswal Midcap Direct GrowthMotilal Oswal Midcap Direct Growth9.5%
Motilal Oswal Flexicap Fund Direct Plan GrowthMotilal Oswal Flexicap Fund Direct Plan Growth10.14%
Quant ELSS Tax Saver Growth Option Direct PlanQuant ELSS Tax Saver Growth Option Direct Plan6.47%
Quant Active Fund Growth Option Direct PlanQuant Active Fund Growth Option Direct Plan3.8%

Company Information

Jio Financial Services Limited was incorporated as a Private Limited Company with the name and style of Reliance Strategic Investments Private Limited dated July 22 1999 issued by the Registrar of Companies Maharashtra at Mumbai. Subsequently the Company got converted from a Private Limited Company to a Public Limited Company and consequently renamed as Reliance Strategic Investments Limited dated January 14 2002 at Mumbai. Consequently through the Scheme of Arrangement the name of Company has been changed to Jio Financial Services Limited and a fresh Certificate of Incorporation dated July 25 2023 was issued by the Registrar of Companies Maharashtra at Mumbai.Jio is regarded as a trusted brand in India widely recognised by retail customers merchants and small businesses. The Company plans to primarily target key customer segments unserved and underserved individuals and small sized businesses in urban semiurban and rural India to offer our sustainable and comprehensive range of financial services. Again it plans to offer simple transparent financial services products catering to rapidly evolving customer needs. The payments platform helps merchants grow their business by giving them solutions which allows them to accept payments acquire and retain consumers improve their business operations and access financial services. The payment bank provides a comprehensive suite of digital payment banking solutions to both individuals and small business including merchants. Insurance broking business offers insurance led solutions to the walkin customers at retail store outlets servicing them both digitally and with dedicated sales associates and trained staff. It focuses on providing insurance solutions to corporate customer vendor partners and small businesses.In 1999 the Company was registered with the RBI to carry on the business as a nonbanking financial institution not accepting public deposits. The Scheme of Arrangement between Reliance Industries Limited and the Company for Demerger transfer and of the Demerged Undertaking from RIL into the Company on a going concern basis was made effective from July 1 2023. Pursuant to the Scheme of Arrangement the name of Company got changed to Jio Financial Services effective from July 25 2023. The Equity Shares got listed on August 21 2023 with 6353284188 Shares..

Share Price: ₹334.70 per share as on 24 Jul, 2024 04:01 PM
Market Capitalisation: ₹2,12,771.49Cr as of today
Revenue: ₹479.74Cr as on June 2024 (Q2 24)
Net Profit: ₹312.63Cr as on June 2024 (Q2 24)
Listing date: 21 Aug, 2023
Chairperson Name: K V Kamath
OrganisationJio Financial Services Ltd
HeadquartersMumbai
IndustryFinance
E-voting on sharesClick here to vote

Key events for Jio Financial Services Ltd

  • Jio Financial Services Receives CRISIL Ratings; TRAI to Release Revised QoS Norms for 4G Telecom - 22 Jul, 2024

    Jio Leasing Services, a subsidiary of Jio Financial Services, has received high ratings from CRISIL for its debt facilities. Meanwhile, the Telecom Regulatory Authority of India (TRAI) is set to release revised quality of service norms for 4G telecom services in India.

  • Jio Financial Services Receives Buy Rating; Reliance Jio Reports Strong Q1 Results - 19 Jul, 2024

    KR Choksey has recommended a 'Buy' rating for Jio Financial Services with a target price of Rs 350 per share. Meanwhile, Reliance Jio Infocomm reported an 11.97% YoY rise in net profit at Rs 5,445 crore for the June quarter.

  • Jio Financial Services Receives Approval to Convert to Core Investment Company - 17 Jul, 2024

    Jio Financial Services has received final approval from the Reserve Bank of India to convert from an NBFC to a Core Investment Company. The company plans to launch the Jio Finance App, accelerate its secured lending proposition, start its operating lease business with AirFiber devices, add over a million current and savings accounts (CASA) to Jio Payments Bank, and seal a deal with BlackRock for a 50:50 joint venture in the asset management space.

  • Jio Financial Services Reports Decline in Net Profit - 16 Jul, 2024

    Jio Financial Services Ltd reported a decline in net profit for Q1 FY25, with analysts remaining positive on the counter due to its long-term business outlook. The stock dipped nearly 3% following the news.

  • Jio Financial Services Reports Q1 Net Profit of Rs 312.63 Crore - 15 Jul, 2024

    Jio Financial Services reported a sequential increase in net profit for Q1 FY25 and announced plans to expand its insurance and payments businesses. The company also entered into a joint venture with BlackRock for wealth management and broking business in India. Shares ended 1.44% higher on July 15.

  • Jio Financial Services to Announce Q1FY25 Results - 14 Jul, 2024

    Jio Financial Services Limited is set to announce its quarterly results for the quarter ended Q1FY25 on July 15, 2024. The company's Revenue from Operations grew by 4,034% from Rs. 45 Crores in FY23 to Rs. 1,854 Crores in FY24, accompanied by profits of Rs. 31 Crores to Rs. 1,605 Crores.

  • Jio Financial Services Receives Approval for Conversion to CIC - 12 Jul, 2024

    Jio Financial Services Ltd (JFS) has received approval from the Reserve Bank of India (RBI) to convert from a non-banking financial company (NBFC) to a core investment company (CIC). The move will enable JFS to streamline its diverse business verticals and better align with regulatory frameworks. Additionally, JFS recorded a 6% rise in consolidated net profit for Q4 ending March 2024.

  • JFS COO Resigns; Indian Telcos Expected to Report Higher ARPU - 09 Jul, 2024

    Jio Financial Services Ltd's COO has resigned due to his appointment as the MD and CEO of a subsidiary. Meanwhile, Indian telcos are expected to report higher ARPU for Q1 2024 despite recent tariff hikes.

  • Jio Financial Services Ltd Raises Tariff Rates, GSMA Asks for Network Expansion Review - 03 Jul, 2024

    Reliance Jio has raised its tariff rates by 12-27%, while modifying access to unlimited 5G services. Meanwhile, GSMA has asked the Department of Telecommunications (DoT) to review its decision on mobile network expansion at India's airports.

  • Jio Finance Receives High Ratings; Jio & Airtel Target Vi's 2G Users - 01 Jul, 2024

    CARE has assigned high ratings to Jio Finance's proposed bank facilities and instruments. Meanwhile, Jio and Airtel are targeting Vodafone Idea's 2G users with their pricing strategies, leaving Vi struggling to retain its low-end subscribers.

  • Reliance Jio Hikes Tariffs, Expected to Increase ARPU - 29 Jun, 2024

    Reliance Jio has increased tariffs by 12-25%, leading to an estimated 6-13% increase in ARPU for FY25 and FY26. Morgan Stanley estimates a blended ARPU benefit of 16-18% for Bharti and Reliance Jio.

  • Jio Financial Eyes Nifty 50 Entry; Raises Tariffs - 28 Jun, 2024

    Jio Financial Services is likely to join the blue-chip Nifty50 index along with Zomato and Trent. Reliance Jio has raised mobile plan tariffs by 12-25% to increase average revenue per user.

Insights on Jio Financial Services Ltd

Insights help you understand the recent movement of the company's critical parameters, giving you an overall view of the company.

  • imgPOSITIVE IMPACT

    MF Holding Up

    img

    Mutual Funds have increased holdings from 4.71% to 4.91% in Dec 2023 quarter

  • imgPOSITIVE IMPACT

    Promoter Holding Up

    img

    Promoters have increased holdings from 46.77% to 47.12% in Dec 2023 quarter

  • imgPOSITIVE IMPACT

    Retail Holding Up

    img

    Retail Investor have increased holdings from 17.84% to 19.89% in Dec 2023 quarter

  • imgPOSITIVE IMPACT

    Price Rise

    img

    In the last 3 months, JIOFIN stock has moved up by 52.5%

  • imgNEGATIVE IMPACT

    FII Holding Down

    img

    Foreign Institutions have decreased holdings from 21.48% to 19.70% in Dec 2023 quarter

Jio Financial Services Ltd Infographics

Jio Financial Services Ltd Q4 FY2023-2024 Results: Key Insights

Jio Financial Services Released their Q4 results. Net profit stands at 381 crore

  • Jio Financial Services Released their Q4 results. Net profit stands at 381 crore
  • Jio Financial Services took a 32% hit in quarterly revenue
  • Expenses Breakdown
  • Net profit for Q4 2024 stands at 381 crore
  • Peers Stock Performance

Company Financials

Value in ₹ crore
Q'2 24Q/Q Change
Revenue
₹479.74Cr
↓3.24%
Net Income
₹312.63Cr
↑0.64%
Net Profit Margin
65.17%
↑4.02%
2023Y/Y Change
Revenue
₹44.84Cr
-
Net Income
₹31.25Cr
-
Net Profit Margin
69.69%
-
Value in ₹ crore
2023Y/Y Change
Total Assets
₹24,808.41Cr
↑1,013.42%
Total Liabilities
₹754.16Cr
↑8,37,855.56%
Value in ₹ crore
2023Y/Y Change
Operating Cash Flow
₹2,054.90Cr
↑1,570.11%

Shareholding Pattern

InvestorsHoldings %FY Quarter3M change
Promoter Holdings
47.12%
0.00
Foreign Institutions
17.48%
-9.76
Mutual Funds
4.04%
-14.79
Retail Investors
23.36%
12.56
Others
8%
-0.16

Key Indicators

Jio Financial Services Ltd Valuation

Jio Financial Services Ltd in the last 5 years

  • Overview

  • Trends

Lowest (0.00x)

March 28, 2024

Industry (30.27x)

July 23, 2024

Today (134.50x)

July 23, 2024

Highest (142.73x)

July 15, 2024

LowHigh

Earnings and Dividends

  • Jio Financial Services Ltd Earnings Results

    Jio Financial Services Ltd’s net profit fell -5.81% since last year same period to ₹312.63Cr in the Q1 2024-2025. On a quarterly growth basis, Jio Financial Services Ltd has generated 0.64% jump in its net profits since last 3-months.

    Read More about Earnings Results

Technicals Summary

Bearish

Neutral

Bullish

Bearish

Jio Financial Services Ltd is currently in a Bearish trading position according to technical analysis indicators.

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Jio Financial Services Ltd (JIOFIN) share price today is ₹334.7

Jio Financial Services Ltd is listed on NSE

Jio Financial Services Ltd is listed on BSE

  • Today’s highest price of Jio Financial Services Ltd is ₹339.
  • Today’s lowest price of Jio Financial Services Ltd is ₹334.6.

PE Ratio of Jio Financial Services Ltd is 134.5

PE ratio = Jio Financial Services Ltd Market price per share / Jio Financial Services Ltd Earnings per share

Today’s traded volume of Jio Financial Services Ltd(JIOFIN) is 87.25L.

Today’s market capitalisation of Jio Financial Services Ltd(JIOFIN) is ₹212771.49Cr.

Jio Financial Services Ltd(JIOFINPrice
52 Week High
₹394.7
52 Week Low
₹202.8

Jio Financial Services Ltd(JIOFIN) share price is ₹334.7. It is down -15.20% from its 52 Week High price of ₹394.7

Jio Financial Services Ltd(JIOFIN) share price is ₹334.7. It is up 65.04% from its 52 Week Low price of ₹202.8

Jio Financial Services Ltd(JIOFINReturns
1 Day Returns
-0.2%
1 Month Returns
-5.75%
3 Month Returns
-12.3%
1 Year Returns
34.55%