
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:
- 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.