Q3 2025 Jio Financial Services Ltd Earnings Call Transcript
Key Points
- Jio Financial Services Ltd (BOM:543940) reported a significant increase in assets under management, reaching INR4,199 crores in Q3 FY25 compared to INR1,206 crores in the previous quarter.
- The company saw a robust 25% quarter-on-quarter increase in its payment bank customer base, reaching 1.89 million CASA customers.
- Jio Payment Solutions Limited received an online payment aggregator license, enabling it to offer payment gateway services to merchants for online commerce.
- The Jio Finance app and other digital properties achieved a combined monthly active user base of 7.4 million customers.
- Jio BlackRock Asset Management Private Limited submitted an application for final regulatory approval, marking progress in its partnership with BlackRock for investment solutions.
- Consolidated total income for Q3 FY25 declined sequentially to INR449 crores from INR694 crores in Q2 FY25, primarily due to the absence of a dividend received in the previous quarter.
- Provisions on account of expected credit loss (ECL) increased to INR12 crores in Q3 FY25 from INR4 crores in Q2 FY25.
- The consolidated profit after tax for Q3 FY25 was INR295 crores, a decrease from INR689 crores in Q2 FY25.
- Standalone total income also declined sequentially to INR148 crores in Q3 FY25 from INR383 crores in Q2 FY25.
- Higher expenses, including provisions and lower share of associates and joint ventures, offset the increase in total income on a year-on-year basis.
Good evening, everyone. My name is Jill Deviprasad, and I'm the Head of Investor Relations for Jio Financial Services Limited.
On the declaration of the results for the third quarter ended December 31, 2024, for FY24, '25, it gives me immense pleasure to welcome the analysts, investors, and colleagues to this virtual meeting. We have with us today are MD and CEO, Mr. Hitesh Sethia; and our Group Chief Financial Officer, Mr. Abhishek Pathak. (Operator Instructions)
The earnings presentation is uploaded on our website, www.jfs.in and on the stock exchanges. Before I hand over the call, I would like to read out the Safe Harbor statement. This presentation contains forward-looking statements, which may be identified by the use of words like plans, expects, estimates, or other words of similar meaning.
All statements that address expectations or predictions about the future, including, but not limited to, statements of our strategy for growth,
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