Major gain for Mukesh Ambani as Reliance boss earns…., Jio Financial Services profits jumps….

Reliance Industries Group company Jio Financial announced its March quarter results. The company has also announced a strong dividend for its shareholders. This will be the first cash reward given to shareholders by Jio Financial Services Limited. The Board of Directors of Jio Financial Services has recommended a dividend of Rs 0.50 per share for the financial year ending March 31, 2025.

In its January-March 2025 quarterly report, the Mukesh Ambani-led NBFC informed that its AUM saw a whopping 5680 per cent jump from just Rs 173 crore as of FY24-end to a massive Rs 10,000 crore.

The company said in its exchange filing, it has been recommended to give a dividend of Rs 0.50 on each equity share with a face value of Rs 10 for the financial year ended March 31, 2025. However, the company has not given the record date and payment date for the dividend along with the announcement of the results. The company has said in the exchange filing that its information will be given in due time.

This was the company’s net profit in Q4
Jio Financial Services Limited said on Thursday that the company registered a growth of 1.8 percent in consolidated net profit to Rs 316.11 crore in the fourth quarter of the financial year ended March 31, 2025. Whereas in the same quarter of the previous financial year 2023-24, the company’s net profit was Rs 310.63 crore. In the third quarter it was 295 crores. The company’s revenue stood at 518 crores, which was 418 crores in the fourth quarter of the previous financial year. This shows a growth of 24 percent in a year.

On Thursday, shares of Jio Financial Services closed at Rs 246.45 on the BSE, which is 1.73 percent higher than the previous closing price of Rs 242.25. On Thursday, the stock opened at Rs 242.75 and touched an intraday high of Rs 248 during the day’s trading. At the same time, the lowest level of the stock was Rs 238.25.

News