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Company details

358.00
368.30
202.80
394.70
6M Return 53.40%
1Y Return 46.87%
Mkt Cap.(Cr) 232,244.30
Volume 33,575,312
Div Yield 0.00%
OI
-
OI Chg %
-
Volume 33,575,312

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Non-banking Financial company Jio Financial Services announced Q3FY24 & 9MFY24 results:

Consolidated Results

  • Profit After Tax (PAT) for Q3FY24: The PAT for the quarter ended December 31, 2023, was Rs 294 crore.
  • PAT for 9MFY24: The consolidated PAT amounted to Rs 1,294 crore.
  • Total Income for Q3FY24: The income for the quarter was Rs 414 crore.
  • Total Income for 9MFY24: The income over the nine months stood at Rs 1,437 crore.

Standalone Results

  • Profit After Tax (PAT) for Q3FY24: The Standalone PAT for the quarter was Rs 71 crore.
  • PAT for 9MFY24: Standalone PAT was Rs 305 crore.
  • Total Income for Q3FY24: Revenue for the quarter reached Rs 134 crore.
  • Total Income for 9MFY24: The revenue during nine months was Rs 498 crore.

Earnings Per Share (EPS)

  • Consolidated EPS for Q3FY24: EPS was reported at Rs 0.46 (not annualized).
  • Consolidated EPS for 9MFY24: The EPS for the nine months ended December 2023 was Rs 2.04 (not annualized).
  • Standalone EPS for Q3FY24: The standalone EPS for the quarter was Rs 0.14 (not annualized).

Business Highlights and Strategies

  • Business Focus: There is an increased concentration on secured lending considering current market and regulatory conditions. Notably, there is a move towards products such as leasing, exemplifying this shift.
  • Technology and Infrastructure: The company has completed the sandbox for PL (Personal Loans) and CD (Consumer Durable Loans), indicating that the technology stack and infrastructure for these services are set up and have been tested.

 

 

Result PDF

View Other Company Results

Jio Financial Services Shares SWOT Analysis

Strengths (5)

  • Strong Momentum: Price above short, medium and long term moving averages
  • Good quarterly growth in the recent results
  • Growth in Net Profit with increasing Profit Margin (QoQ)

Weakness (1)

  • MFs decreased their shareholding last quarter

Opportunity (3)

  • Positive Breakout First Resistance ( LTP > R1)
  • Negative to Positive growth in Sales and Profit with Strong Price momentum
  • High Volume, High Gain

Threats (1)

  • High PE (PE > 40)

Resistance and support

R1 369.9
R2 374.3
R3 380.2
Pivot

363.95

S1 359.6
S2 353.7
S3 349.3
EMA SMA
356.6
352.7
333.3
284.6
354.8
361.6
335.5
283.9
Delivery and volume
CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
GOLDMAN SACHS (SINGAPORE) PTE.- ODI Block Purchase 2024-01-25 239.5 1441606 BSE
BOFA SECURITIES EUROPE SA Block Sell 2024-01-25 239.5 1441606 BSE
KADENSA MASTER FUND Block Purchase 2024-01-24 238.75 721170 BSE
Name Category Shares
Srichakra Commercials LLP PROMOTER 11.64%
Karuna Commercials LLP PROMOTER 8.59%
Tattvam Enterprises LLP PROMOTER 8.59%
Devarshi Commercials LLP PROMOTER 8.59%
Reliance Industries Holding Private Ltd PROMOTER 3.21%
Samarjit Enterprises LLP PROMOTER 1.96%
Jamnagar Utilities and Power Private Limited PROMOTER 1.82%
Sikka Ports & Terminals Limited PROMOTER 1.08%

FINANCIALS

Sales
Operating Profit
Profit after Tax
Equity
Reserves and Surplus
Debt
Sales
Operating Profit
Profit after Tax
PE
Debt/Equity
P BV

Jio Financial Services Stocks Comparison

Financials( in Cr) Jio Financial Services Ltd Bajaj Finance Ltd Bajaj Finserv Ltd Indian Railway Finance Corporation Ltd Power Finance Corporation Ltd
Price 365.55 7,207.10 1,586.00 172.30 481.35
% Change 2.02 -0.37 -0.56 -0.53 -3.59
Mcap Cr 232,244.30 446,116.61 253,044.56 225,170.36 158,850.41
Revenue TTM Cr 44.84 41,398.35 82,071.70 23,891.95 77,568.30
Net Profit TTM Cr 31.25 11,507.69 12,209.54 6,337.01 21,178.59
PE TTM 141.60 30.98 31.25 35.29 8.34
1 Year Return 46.87 -2.42 2.86 422.12 205.04
ROCE 0.03 11.76 12.69 5.32 9.38
ROE 0.02 23.46 28.18 14.66 27.18
INSIDER & INSTITUTIONAL ACTIVITY

Equity Capital: 107,766.74 Cr FV: 10.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 33,341.08 2,221.69
LAST 3M 102,344.89 -28,029.53
LAST 6M 175,303.31 -12,219.28
LAST 12M 288,302.63 96,022.29

Jio Financial Services Information

Stock PE (TTM)
141.6
Promoter Holding
47.12%
Book Value
219.0169
ROCE
0.03%
ROE
0.02%
Description
  • 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, semi-urban 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 walk-in 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 non-banking 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 635,32,84,188 Shares.

Registered Address

1rd Floor Building 4NA, Maker Maxity Bandra Kurla Comp, Mumbai, Maharashtra, 400051

Tel : 91-22-3555 4094
Email : investor.relations:jfs.in
Website : http://www.jfs.in
Registrar

KFin Techologies Ltd

AGM Date (Month) :
Face Value Equity Shares : 10
Market Lot Equity Shares : 1
BSE Code : 543940
NSE Code : JIOFIN
Book Closure Date (Month) :
BSE Group : B
ISIN : INE758E01017

JIO FINANCIAL SERVICES SHARES FAQs

You can buy Jio Financial Services shares through a brokerage firm. ICICI Direct is a registered broker through which you can place orders to buy Jio Financial Services Share.

Company share prices and volatile and keep changing according to the market conditions. As of Jun 20, 2024 04:06 PM the closing price of Jio Financial Services was Rs.365.55.

The latest PE ratio of Jio Financial Services as of Jun 20, 2024 04:06 PM is 141.60

The latest PB ratio of Jio Financial Services as of Jun 20, 2024 04:06 PM is 0.61

The 52-week high of Jio Financial Services share price is Rs. 394.70 while the 52-week low is Rs. 202.80

Market capitalization or market cap is determined by multiplying the current market price of a companys shares with the total number of shares outstanding. As of Jun 20, 2024 04:06 PM, the market cap of Jio Financial Services stood at Rs. 232,244.30.

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