Jio Financial Services Infuses ₹1,000 Cr in Subsidiary Jio Finance Ltd

Jio Financial Services Limited (JFSL) announced an investment of ₹1,000.24 crore in its wholly-owned subsidiary, Jio Finance Limited (JFL), as per the reports. The investment was made through the subscription of 1,73,77,412 equity shares at ₹10 each. As per the company’s regulatory filing, the funds will be used to support JFL’s business operations.

As of 11:02 AM on March 28, Jio Financial Services share price was trading at ₹231.45, up ₹5.67 or 2.51% for the day, showcasing an 11.48% rise over the past month but a 33.98% decline over the past six months.

Investment in Jio Payments Bank

JFSL also invested ₹85 crore in Jio Payments Bank Limited (JPBL) by subscribing to 8.5 crore equity shares at ₹10 each. Following this transaction, JFSL’s stake in JPBL increased from 82.17% to 85.04%. The transaction qualifies as a related-party transaction but was executed on an arm’s length basis. No regulatory or government approvals were required.

Quarterly Financial Performance

For the quarter ending December 31, 2024, JFSL reported a net profit of ₹294.8 crore, marking a marginal increase of 0.3% year-on-year (YoY) from ₹293.8 crore in Q3 FY24. Revenue from operations rose 6% YoY, reaching ₹438.4 crore compared to ₹413.6 crore in the same quarter last year.

AUM and Payments Growth

JFSL’s assets under management (AUM) rose to ₹4,199 crore in Q3 FY25, up from ₹1,206 crore in the previous quarter. The payments bank also saw growth in its CASA (Current Account and Savings Account) base, which increased 25% quarter-on-quarter to 1.89 million users.

Conclusion

JFSL has made two capital infusions totaling over ₹1,000 crore into its subsidiaries. These investments are aimed at supporting the ongoing operations of JFL and JPBL and were completed without external approvals.

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