Jio Financial Services (JFSL) provided updates on its progress in initiatives such as the NBFC business, JioBlackRock mutual funds, payment solutions, and insurance broking in its annual report. The company recommended a dividend of ₹0.50 per share and stated that an average of 81 lakh monthly users were connected through its digital platforms. JFSL indicated its intention to introduce new products and strategic partnerships in the future.
Jio Financial Services: In an online annual general meeting held in Mumbai, Jio Financial Services (JFSL) informed shareholders about its business activities for FY25. The company reported a b khởi động across its verticals, including NBFC business, JioBlackRock mutual funds, payment bank, and insurance broking. The Board of Directors recommended a dividend of ₹0.50 per share and a preferential issue of ₹15,825 crore. The company stated that its operational earnings increased by up to 40% in the first quarter of FY26, with an average of 81 lakh monthly users engaging through its digital platforms.
User Base Growth Driven by Mutual Funds and Digital Services
The company highlighted a significant increase in user numbers on its platform following the launch of JioBlackRock mutual funds and new services like tax filing and planning. These steps are proving instrumental in driving digital inclusion. According to JFSL, more new products will be launched in the coming months, further expanding its portfolio.
Dividend Announcement for Shareholders
The Board of Directors has recommended a dividend of ₹0.50 per equity share with a face value of ₹10 for FY25. Additionally, the company has approved a preferential issue of ₹15,825 crore, which will be issued on a private placement basis to the promoters. This proposal will be effective upon shareholder approval.
Company's Confidence in the Indian Economy
Addressing shareholders, JFSL Chairman K.V. Kamath stated that India's economy is growing at a rate of 6.5% to 7%. He attributed this growth to its young population, rising incomes, government reforms, robust infrastructure, and digital transactions. Kamath emphasized that India has strengthened its digital public infrastructure in recent years. This infrastructure is bridging the gap between rural and urban areas and connecting millions of new people to the formal economy.
Consistent Growth on Digital Platforms
Hitesh Sethia, Managing Director and CEO of JFSL, stated that the company aims to become a full-stack financial services institution. He explained that the company is currently in a strategic phase of building and scaling multiple businesses, while also developing new ones. Sethia reported that in the first quarter of FY26, the company's consolidated net earnings from business operations reached 40%, a significant increase from just 12% in the same period last year. This rapid growth is considered a major achievement for the company.
Growing User Numbers and Service Expansion
The report indicates that an average of 81 lakh users were active monthly across all of JFSL's digital platforms in the first quarter of FY26. The company noted a sharp surge in user numbers after the launch of products like JioBlackRock mutual funds and tax planning tools.
