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Jio Financial Services Ltd share Price Today

Company details

6M Return 0.00%
1Y Return -1.87%
Mkt Cap.(Cr) 155,178.96
Volume 19,056,798
Div Yield 0.00%
OI Chg %
Volume 19,056,798

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Non-banking Financial company Jio Financial Services announced Q2FY24 & H1FY24 results:

Financial Highlights:
- Consolidated PAT increased by 101% in H1FY24, reaching Rs 668 crore in Q2FY24 compared to Rs 332 crore in Q1FY24.
- Consolidated Total assets stood at Rs 1,19,598 crore on Sept. 30, 2023.
- Consolidated net worth increased to Rs 1,15,631 crore on Sept. 30, 2023, from Rs 1,14,120 crore on March 31, 2023.
- Standalone Profit after tax was Rs 89 crore in Q2FY24, down from Rs 145 crore in Q1FY24.
- Standalone net worth stood at Rs 24,288 crore on Sept. 30, 2023.

Business Overview:
- Indian financial landscape is poised for growth with a large working population and increasing adoption of digital financial services.
- Jio Financial Services offers a holistic suite of financial services including lending, insurance broking, payments bank, and payment solutions.
- The company aims to democratize financial services and provide access to simple, affordable, innovative, and intuitive products and services.
- Technology will be a key growth differentiator, enabling cost efficiencies, enhanced customer experience, and leveraging alternate data.

Products and Services:
- Jio Financial Services offers a range of lending products including personal loans, consumer durable loans, and upcoming products like business and merchant loans, auto loans, home loans, and loans against shares.
- The company also provides insurance broking services with partnerships with 24 insurance companies offering various types of insurance products.
- Jio Payments Bank offers savings account services with an end-to-end digital journey and plans to launch debit cards.
- Jio Payment Solutions offers Sound Box, a payment solution, and actively enriches customer engagement.

Alternate Data and Risk Management:
- Jio Financial Services utilizes alternate data models within the guidelines of the Digital Personal Data Protection Act to assess and profile customers for tailored offerings.
- The company uses AI-driven risk management and credit underwriting to efficiently monitor potential risks.
- Efficient risk management, credit underwriting, and collections lead to lower credit costs.

Inherent Strengths:
- Jio Financial Services has a strong capital base to fund its growth strategy and meet regulatory requirements.
- The company has an experienced leadership team and a well-established brand presence.
- Its extensive physical network facilitates easy customer access.




Result PDF

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Operating Profit
Profit after Tax
Reserves and Surplus
Operating Profit
Profit after Tax

Jio Financial Services Ltd Stocks COMPARISION


Equity Capital: 107,766.74 Cr FV: 10.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 20,486.67 41,311.63
LAST 3M 59,182.99 18,817.17
LAST 6M 99,630.35 93,158.70
LAST 12M 166,983.77 138,194.89

Jio Financial Services Ltd Information

Stock PE (TTM)
Promoter Holding
Book Value
  • 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

KFin Techologies Ltd

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

FAQ’s on Jio Financial Services Ltd Shares

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

Company share prices and volatile and keep changing according to the market conditions. As of Dec 08, 2023 04:05 PM the closing price of Jio Financial Services Ltd was ₹ 244.25.

Market capitalization or market cap is determined by multiplying the current market price of a company’s shares with the total number of shares outstanding. As of Dec 08, 2023 04:05 PM, the market cap of Jio Financial Services Ltd stood at ₹ 155,178.96.

The latest PE ratio of Jio Financial Services Ltd as of Dec 08, 2023 04:05 PM is 0

The latest PB ratio of Jio Financial Services Ltd as of Dec 08, 2023 04:05 PM is 0.74

The 52-week high of Jio Financial Services Ltd is ₹ 266.95 while the 52-week low is ₹ 202.80

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