Jio Financial Services Ltd. Q2 FY2025 results: revenue ₹694 crore, up 14.1% on the year
Jio Financial Services Ltd. (JIOFIN) reported consolidated revenue from operations of ₹694 crore for Q2 FY2025, the quarter ended 30 September 2024, up 14.1% on the same quarter a year earlier. Profit after tax was ₹689 crore, up 3.1% on the year, and earnings per share ₹1.09. The figures are the company's own, from the unaudited results it filed with NSE on 18 October 2024.
The quarter, against the one before and a year earlier
| Line | Q2 FY2025 | Q1 FY2025 | Q2 FY2024 | Change on the year |
|---|---|---|---|---|
| Revenue from operations | 694 | 418 | 608 | +14.1% |
| Other income | 0 | 0 | 0 | n/a |
| Total income | 694 | 418 | 608 | +14.1% |
| Cost of materials consumed | 0 | 0 | 0 | n/a |
| Purchases of stock-in-trade | 0 | 0 | 0 | n/a |
| Changes in inventories | 0 | 0 | 0 | n/a |
| Employee benefit expense | 68 | 39 | 31 | +117.3% |
| Finance costs | 0 | 0 | 0 | n/a |
| Depreciation, depletion and amortisation | 6 | 5 | 5 | +3.9% |
| Other expenses | 69 | 35 | 35 | +97.9% |
| Total expenses | 146 | 79 | 71 | +104.5% |
| Profit before exceptional items and tax | 548 | 338 | 537 | +2.1% |
| Exceptional items | 0 | 0 | 0 | n/a |
| Profit before tax | 548 | 338 | 537 | +2.1% |
| Current tax | 54 | 66 | 95 | -42.4% |
| Deferred tax | 30 | 22 | -8 | n/a |
| Total tax | 84 | 88 | 86 | -2.1% |
| Profit after tax | 689 | 313 | 668 | +3.1% |
| Attributable to owners of the parent | 689 | 313 | 668 | +3.1% |
| Other comprehensive income | -8,837 | 5,832 | -7,504 | n/a |
| Total comprehensive income | -8,148 | 6,145 | -6,836 | n/a |
| EPS, basic | ₹1.09 | ₹0.49 | ₹1.05 | +3.8% |
| EPS, diluted | ₹1.09 | ₹0.49 | ₹1.05 | +3.8% |
₹ crore except per share.
Quarterly results, the last 11 quarters
| Q2 FY2024 | Q3 FY2024 | Q4 FY2024 | Q1 FY2025 | Q2 FY2025 | Q3 FY2025 | Q4 FY2025 | Q1 FY2026 | Q3 FY2026 | Q4 FY2026 | Q1 FY2027 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 608 | 414 | 418 | 418 | 694 | 438 | 493 | 612 | 901 | 1,019 | 2,004 |
| Expenses | 71 | 99 | 103 | 79 | 146 | 131 | 169 | 261 | 566 | 720 | 1,016 |
| Operating profit | 542 | 320 | 320 | 344 | 553 | 313 | 338 | 457 | 555 | 605 | 1,416 |
| OPM % | 89% | 77% | 77% | 82% | 80% | 71% | 69% | 75% | 62% | 59% | 71% |
| Other income | 0 | 1 | 0 | 0 | 0 | 11 | 25 | 7 | 0 | 1 | 0 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 8 | 99 | 212 | 298 | 418 |
| Depreciation | 5 | 5 | 5 | 5 | 6 | 6 | 6 | 6 | 8 | 8 | 9 |
| Exceptional items | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 29 | 0 | 0 | 0 |
| Profit before tax | 537 | 315 | 315 | 338 | 548 | 318 | 350 | 388 | 335 | 300 | 989 |
| Tax % | 16% | 28% | 26% | 26% | 15% | 26% | 23% | 24% | 30% | 22% | 14% |
| Net profit | 668 | 294 | 311 | 313 | 689 | 295 | 316 | 325 | 269 | 272 | 830 |
| EPS in ₹ | ₹1.05 | ₹0.46 | ₹0.49 | ₹0.49 | ₹1.09 | ₹0.46 | ₹0.50 | ₹0.47 | ₹0.42 | ₹0.43 | ₹1.27 |
| Filing | NSE | NSE | NSE | NSE | NSE | NSE | Filing | Filing | Filing | Filing | Filing |
₹ crore except per share, consolidated, as filed with the exchange. Operating profit is sales less the expenses other than interest and depreciation, OPM is that over sales, and tax % is tax over profit before tax: arithmetic on the filed lines; everything else is as filed. Quarters before December 2024 are from the exchange's earlier results feed, which carries the filed lines without the filing itself; the column links to the exchange's page for the company.
Source
Unaudited consolidated results for the quarter ended 30 September 2024, filed with NSE on 18 October 2024: the result statement. All of Jio Financial Services Ltd.'s results: NSE company page.
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