Presentation made to the members during the Second Annual General Meeting (Post Listing) of the Company
JIOFIN · price
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Jio Financial Services shared its FY25 AGM presentation covering its diversified financial services businesses. Consolidated PAT stood at Rs. 1,613 Cr on total income of Rs. 2,079 Cr, with a net worth of Rs. 1,23,497 Cr. The lending arm (Jio Credit) scaled rapidly with AUM rising to Rs. 11,665 Cr in Q1 FY26 from Rs. 173 Cr in FY24 and NII up 240% YoY at Rs. 118 Cr. The JioBlackRock asset management JV received regulatory approvals and its maiden NFO raised Rs. 17,876 Cr, while the Allianz reinsurance JV (50:50) was announced with plans to explore life and general insurance. The Board recommended a dividend of Rs. 0.50 per share and approved a Rs. 15,825 Cr preferential issue to promoters, subject to shareholder approval.
The strong growth across lending, asset management, and payments businesses signals positive momentum, but the large Rs. 15,825 Cr promoter preferential issue (subject to shareholder approval) could lead to dilution. Investors should watch the shareholder vote outcome and the scaling of JioBlackRock and Allianz JVs as key catalysts.