Jio Financial Services share price fell over 1.5 per cent on NSE in Thursday’s trading session due to selling pressure. The financial services company shares opened in green in early morning trade, however, slipped in red touching an intraday low to ₹285.30 apiece.
Jio Financial Services Limited announced that it had acquired 7,90,80,000 equity shares of Jio Payments Bank Limited (JPBL) from the State Bank of India for ₹104.54 crore. The transaction had received approval from the Reserve Bank of India on June 4, 2025.
After the transaction, Jio Payments Bank is now a fully-owned subsidiary of Jio Financial Services. Earlier, it functioned as a joint venture between Jio Financial Services and the State Bank of India (SBI).
In March, Jio Financial revealed its plans to acquire the 17.8 per cent stake held by SBI.
The company has made headlines recently due to multiple mutual fund scheme launches by Jio BlackRock Asset Management. This entity is a 50:50 joint venture between Jio Financial Services and BlackRock, and it has secured approval from the Securities and Exchange Board of India (Sebi) to begin operating as an investment manager for its mutual fund business in the country.
Jio Financial Services Q4 results 2025
Jio Financial Services posted an 18 per cent year-on-year rise in revenue for the fourth quarter, reaching ₹493.2 crore, driven by robust performance in lending, leasing, and digital financial services.
The company’s net profit for the March quarter edged up by 1.7 per cent to ₹316 crore, compared to ₹310.6 crore in the same period last year.
A major highlight for the full year was the significant rise in assets under management (AUM), which soared to ₹10,053 crore by March 31, 2025, up from ₹173 crore a year earlier. This impressive increase was fueled by Jio Finance Limited (JFL) as it accelerated its lending and leasing activities and extended its presence to 10 tier-1 cities.
Jio Financial Services, which was spun off from Reliance Industries Ltd, operates in areas such as investment and financing, insurance broking, and provides services as a payment bank, payment aggregator, and payment gateway.
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