Jio Financial Services Limited
Jio Financial Services Limited, through its subsidiaries, engages in the business of investing and financing, insurance broking, payment bank and payment aggregator, and payment gateway services in India. The company provides loans, savings accounts, recharges, digital insurance, financial tracking, management tools, digital banking, unified payments interface transactions, bill payments, and insurance advisory; and asset and wealth management, and broking services, as well as operating lease solutions to consumers and businesses through a Device-as-a-Service model. It also provides insurance broking services, such as car, bike, health, term, investment, SMEs, MSMEs, property, cyber risk, commercial lines, corporate, and education. In addition, it offers digital banking services, including zero balance, savings, salary, wallet, and online and offline payment solutions; debit cards; payment systems, including aadhaar enabled payment and domestic money transfer; digital payment solutions. Further, it provides home loan; home loan against balance transfer; loan against property, mutual funds, and shares; solar financing; corporate loans and lease; and distribution of life, non-life, and health insurance products. The company was formerly known as Reliance Strategic Investments Limited and changed its name to Jio Financial Services Limited in July 2023. Jio Financial Services Limited was incorporated in 1999 and is based in Mumbai, India.
Valuation
Profitability
Returns
Solvency
AI Summary
Indian StockRule-based from financial data. Not advice.
Historically, Apr has averaged the highest return (+10.4%); Jan the lowest (-8.7%).
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -13.7%Negative MonthJan 2026: -13.73% | +0.4%Neutral MonthFeb 2026: +0.35% | -12.2%Negative MonthMar 2026: -12.22% | +9.9%Positive MonthApr 2026: +9.93% | -3.3%Negative MonthMay 2026: -3.35% | -0.7%Neutral MonthJun 2026: -0.69% | +0.3%*Neutral MonthJul 2026: +0.25% | β | β | β | β | β |
| 2025 | -19.0%Negative MonthJan 2025: -19.03% | -14.1%Negative MonthFeb 2025: -14.14% | +9.5%Positive MonthMar 2025: +9.48% | +14.5%Positive MonthApr 2025: +14.49% | +10.1%Positive MonthMay 2025: +10.10% | +14.0%Positive MonthJun 2025: +14.02% | +0.8%Neutral MonthJul 2025: +0.78% | -5.4%Negative MonthAug 2025: -5.40% | -5.9%Negative MonthSep 2025: -5.89% | +4.6%Positive MonthOct 2025: +4.62% | -0.2%Neutral MonthNov 2025: -0.18% | -3.7%Negative MonthDec 2025: -3.69% |
| 2024 | +6.5%Positive MonthJan 2024: +6.54% | +24.9%Positive MonthFeb 2024: +24.93% | +14.1%Positive MonthMar 2024: +14.06% | +6.7%Positive MonthApr 2024: +6.67% | -8.7%Negative MonthMay 2024: -8.74% | +4.0%Positive MonthJun 2024: +3.98% | -8.2%Negative MonthJul 2024: -8.24% | -2.1%Negative MonthAug 2024: -2.08% | +9.0%Positive MonthSep 2024: +9.00% | -8.1%Negative MonthOct 2024: -8.08% | +1.8%Neutral MonthNov 2024: +1.85% | -9.0%Negative MonthDec 2024: -9.00% |
| 2023 | β | β | β | β | β | β | β | β | -1.0%Neutral MonthSep 2023: -0.98% | -5.2%Negative MonthOct 2023: -5.19% | +4.6%Positive MonthNov 2023: +4.63% | +1.5%Neutral MonthDec 2023: +1.55% |
| AvgΒ±SD |
Each cell is the percentage change in closing price from the end of the prior month to the end of this month. The bottom row shows the average return for that calendar month across the selected years, plus or minus one standard deviation β the range that historically contained roughly two-thirds of outcomes. Past monthly patterns are not a forecast of future returns.
This aggregates every month by calendar position β all Januaries together, all Februaries together, and so on β to show whether a given month has leaned positive or negative historically. βSimpleβ counts each month as +1 or β1. βWeightedβ gives larger moves more influence: +2 above +10%, β2 below β10%. With only 4 years of history for this asset, each monthβs score reflects a small number of observations β read it as a historical tendency, not a reliable seasonal pattern.
This tracks a running tally across the assetβs full price history: each month adds or subtracts based on whether it was positive or negative. A rising line means more positive months than negative so far; a flattening or falling line means recent months have leaned negative. This measures historical month-to-month consistency, not expected future performance.
Year-to-date return is calculated by dividing each dayβs closing price by the price on January 1st of that year (or the assetβs first available price if it began trading mid-year). The custom average line shows the mean YTD return at each calendar day across the selected years. The standard deviation band shows the range within which returns have historically fallen β at 1 SD, roughly two-thirds of years; at 2 SD, roughly 95%. Past year-to-date patterns do not predict future returns. The average and standard deviation band are computed from the year set chosen in βAverage fromβ, which is independent of which year lines are displayed. The current in-progress year is excluded from these calculations, since a partial year is not comparable to complete ones. Election-cycle groupings follow the US presidential calendar and are offered only for US and crypto assets.
Historical Performance
Revenue, profitability, and cash flow trends (βΉ Crores)
Revenue (10Y)
Operating Income (10Y)
Net Profit (10Y)
Operating Margin % (10Y)
Dividend Payout % (10Y)
Free Cash Flow (10Y)
Growth Summary
Latest fiscal year: Mar 2025
Historical Growth
Year-by-year revenue, profitability, and cash flow (βΉ Crores, last 10 years)
| Year | Revenue | Op. Income | Net Profit | CFO | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|---|
| Mar 2025 | βΉ806.00 Cr | β | βΉ549.00 Cr | β | β | 2.2% | 26.3% | 43.7% |
| Mar 2024 | βΉ638.00 Cr | β | βΉ382.00 Cr | β | β | 1.6% | 1317.8% | 1132.3% |
| Mar 2023 | βΉ45.00 Cr | β | βΉ31.00 Cr | β | β | 0.1% | -69.8% | -81.5% |
| Mar 2022 | βΉ149.00 Cr | β | βΉ168.00 Cr | β | β | 7.5% | -50.8% | 36.6% |
| Mar 2021 | βΉ303.00 Cr | β | βΉ123.00 Cr | β | β | 6.0% | -13.2% | -46.5% |
| Mar 2020 | βΉ349.00 Cr | β | βΉ230.00 Cr | β | β | 11.9% | -432.4% | -157.2% |
| Mar 2019 | βΉ-105.00 | β | βΉ-402.00 | β | β | -23.6% | -3600.0% | -20200.0% |
| Mar 2018 | βΉ3.00 Cr | β | βΉ2.00 Cr | β | β | 9.5% | β | β |
Financial Statements
Income statement, balance sheet, and cash flow (βΉ Crores, as reported)
Consolidated Figures in USD Millions.
| Unnamed: 0 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|
| Revenue / Net Sales | 3 | -105 | 349 | 303 | 149 | 45 | 638 | 806 | 944 |
| Total Expenses | 0 | 16 | 28 | 82 | 7 | -4 | 94 | 174 | 186 |
| EBIT / Operating Profit | 3 | -121 | 322 | 221 | 141 | 49 | 544 | 632 | 758 |
| OPM % | 94% | - | 92% | 73% | 95% | 110% | 85% | 78% | 80% |
| Other Income | 0 | 0 | 0 | 8 | 35 | 0 | 0 | 33 | 53 |
| Finance Costs | 1 | 248 | 128 | 111 | 0 | 0 | 10 | 0 | 0 |
| Depreciation & Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 12 | 12 | 13 |
| Profit Before Tax | 2 | -369 | 194 | 118 | 177 | 49 | 521 | 653 | 798 |
| Tax % | -15% | 9% | -19% | -4% | 5% | 37% | 27% | 16% | - |
| Net Profit / PAT | 2 | -402 | 230 | 123 | 168 | 31 | 382 | 549 | 700 |
| EPS (βΉ) | - | - | - | - | - | - | 0.60 | 0.86 | 1.10 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 58% | - |
Peer Comparison
Financials sector peers, ranked by market cap
| Company | Market Cap | Revenue | P/E | P/B | EV/EBITDA | Rev G 1Y |
|---|---|---|---|---|---|---|
| Jio Financial Services Limitedthis co. | βΉ1.81 L Cr | βΉ806.00 Cr | 258.00 | 6.21 | 330.58 | 26.3% |
| HDFC Bank Ltd. | βΉ14.43 L Cr | βΉ3.01 L Cr | 20.30 | 2.78 | β | 16.3% |
| ICICI Bank Ltd. | βΉ10.28 L Cr | βΉ1.63 L Cr | 20.70 | 3.32 | β | 14.3% |
| State Bank Of India | βΉ9.49 L Cr | βΉ4.62 L Cr | 13.30 | 1.83 | β | 11.4% |
| Bajaj Finance Limited | βΉ5.91 L Cr | βΉ61.95 K Cr | 36.80 | 6.33 | β | 32.0% |
| LIFE INSURANCE CORPORATION OF INDIA | βΉ5.26 L Cr | βΉ8.87 L Cr | 10.30 | 3.73 | 9.87 | 5.2% |
| Kotak Mahindra Bank Ltd. | βΉ4.24 L Cr | βΉ52.92 K Cr | 31.70 | 3.39 | β | 15.5% |
| Industry Average | β | βΉ30.80 K Cr | 45.91 | 4.87 | 70.91 | 14.6% |
