Jio Financial Services(NSE: JIOFIN) has released the results for the quarter ending December 2024. Jio Financial Services has stated that Ex-Associates and joint ventures (JVs) have earned Rs 227 crore in this third quarter.
In the earlier quarter, the number stood at 233. Jio Financial has informed that the company’s net interest income (NII) has increased to Rs 269 crore in the third quarter.
The company’s NII stood at Rs 186 crore in the September quarter. This increase in the company’s net interest income is 44.6 percent quarter on quarter.
Jio Financial Services reported total revenue, including dividend income of Rs 413.6 crore, which is compared with the before quarter.
Management
Apart from this, the company has said that Rupali Adhikari Sawant has been made the group head of internal audit.
Along with this, the Board also chose Sudheer Reddy Govula to be the group Chief Compliance Officer of the company.
Govula will assume this crucial position for four years beginning January 15th, 2024. A spectacular rise was seen in the company’s shares which closed at Rs 267.35 with a rise of 4.82 percent. Today on 16th January the share got down to around 5.27%.
In the past 4 January, Jio Financial Services had submitted papers to regulators for markets SEBI to start a mutual fund business in India together with BlackRock Financial Management.
About Jio Financial Services Ltd
The target of Jio Financial Services Ltd (JFSL) is to provide a digital variety of financial services and improve the financial health of the people in India.
Jio Financial Services will function as a holding corporation that drives investment across the transaction of borrowing, investments, and protection spheres, catering to the needs of consumers and merchants.
Jio Financial Services will oversee important strategic initiatives that are implemented by these subsidiaries and will seek out the development of new business opportunities.
Jio Financial Services Limited is a public limited corporation and is situated in Mumbai, Maharashtra.
Fundamental Analysis of Jio Financial Services
| Market Cap | ₹ 1,69,474 Cr. |
| Current Price | ₹ 267 |
| 52-wk High | ₹ 278 |
| 52-wk Low | ₹ 203 |
| Stock P/E | 6,741 |
| Book Value | ₹ 182 |
| Dividend | 0.00 % |
| ROCE | – |
| ROE | – |
| Face Value | ₹ 10.0 |
| P/B Value | 1.47 |
| OPM | 87.6 % |
| EPS | – |
| Debt | ₹ 0.00 Cr. |
| Debt to Equity | 0.00 |
Jio Financial Services Ltd Share Price Target 2024 To 2030
| Year | 1st Target | 2nd Target |
| 2024 | ₹285 | ₹355 |
| 2025 | ₹400 | ₹422 |
| 2026 | ₹465 | ₹505 |
| 2027 | ₹550 | ₹590 |
| 2028 | ₹622 | ₹700 |
| 2029 | ₹755 | ₹832 |
| 2030 | ₹900 | ₹1100 |
Jio Financial Services Shareholding Pattern
| Promoters Holding | |
| Sept 2023 | 46.77% |
| FII Holding | |
| Sept 2023 | 21.58% |
| DII Holding | |
| Sept 2023 | 13.64% |
| Govt. Holding | |
| Sept 2023 | 0.13% |
| Public Holding | |
| Sept 2023 | 17.86% |
Jio Financial Services Ltd Share: Last 5 Years’ Financial Condition
To gain a better understanding of how the market is performing, let’s look at the outlook of this share in the previous years.
However, investors should be aware of the risks and the market conditions before making any investment decision.
Last 5 Years’ Sales:
Last 5 Years’ Net Profit:
Last 5 Years’ Debt-To-Equity Ratio:
| 2019 | 1.36 |
| 2020 | 1.25 |
| 2021 | 0 |
| 2022 | 0 |
| 2023 | 0.04 |
Company’s Positive Signs:
- The company is nearly debt-free.
Company’s Negative Signs:
- Earnings include an additional revenue that is Rs.10.1 Cr.
Conclusion
This article is a complete guide about Jio Financial Services Ltd Share.
These information and forecasts are based on our analysis, research, company fundamentals and history, experiences, and various technical analyses.
Also, We have talked in detail about the share’s future prospects and growth potential.
Hopefully, this information will help you in your further investment.
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Also Read: Share Price Only ₹133: Excellent Return Of 830%; Net Profit 188% Increased
Disclaimer: Dear readers, we’d like to inform you that we are not authorized by SEBI (Securities and Exchange Board of India). The information on this site is only for informational and educational purposes and shouldn’t be considered financial advice or stock recommendations. Also, the share price predictions are completely for reference purposes. The price predictions will only be valid when there are positive signs on the market. Any uncertainty about the company’s future or the current state of the market will not be considered in this study. We are not responsible for any financial loss you might incur through the information on this site. We are here to provide timely updates about the stock market and financial products to help you make better investment choices. Do your own research before any investment.
