Jio Financial Q3 FY25: Total revenue up 8.5% YoY at Rs 449 crore; Profit flat to Rs 295 crore

Jio Financial Services Limited, previously known as Reliance Strategic Investments Limited, has released its consolidated financial results for the third quarter of FY25. The company reported an 8.5% YoY increase in total revenue, which stood at ₹449 crore in Q3 FY25 compared to ₹414 crore in Q3 FY24. Despite the revenue growth, the profit after tax (PAT) for the quarter showed a marginal 0.3% YoY rise, reaching ₹295 crore compared to ₹294 crore in Q3 FY24.

Key Financial Highlights:

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  • Total revenue for Q3 FY25: ₹449 crore, up 8.5% YoY from ₹414 crore in Q3 FY24.
  • Profit after tax (PAT): ₹295 crore, up 0.3% YoY from ₹294 crore in Q3 FY24.

Nine-Month Performance (9M FY25):

  • Total revenue for the nine months ended December 31, 2024, stood at ₹1,561 crore, marking an 8.6% YoY growth from ₹1,437 crore in the same period last year.
  • PAT for the nine-month period rose marginally by 0.2% YoY to ₹1,294 crore from ₹1,293 crore in 9M FY24.

Operational Observations:

  • The rise in total income was driven by higher interest income and a steady performance in net gains on fair value changes.
  • Expenses for the quarter rose to ₹119 crore, compared to ₹98 crore in Q3 FY24, reflecting increased staff and operational expenditures.