Jio Financial Services Q4 Results: Profit Rises 1.8% to Rs 316.1 Crore, Announces First Dividend

Jio Financial Services Q4 Results: Consolidated Profit Rises 1.8% to Rs 316.1 Crore

Jio Financial Services Ltd. reported a modest growth in its financial performance for the fourth quarter ending March 31, 2025, with consolidated profit increasing by 1.8% year-on-year. The company also announced its first dividend since its listing, signaling confidence in its financial stability and commitment to shareholder returns.

Q4 Financial Highlights

In its regulatory filing on Thursday, April 18, 2025, Jio Financial Services disclosed the following key figures:

• Consolidated net profit reached Rs 316.1 crore, up from Rs 310.6 crore in the same quarter of the previous fiscal year
• Sequential growth of 7.2% compared to Q3 FY25's profit of Rs 295 crore
• Total income surged by 24% to Rs 518 crore, compared to Rs 418 crore in Q4 FY24
• Total expenses increased to Rs 168 crore from Rs 103 crore year-on-year

Full-Year Performance

For the complete financial year 2024-25, Jio Financial Services reported:

• Annual net profit of Rs 1,612.6 crore, showing marginal improvement over FY24's Rs 1,604.6 crore
• First dividend declaration of Re 0.50 per equity share (face value Rs 10 each) for FY25

Business Expansion Initiatives

The company's investor presentation highlighted several strategic developments aimed at diversifying its service offerings:

Wealth Management Segment

Jio Financial Services incorporated Jio BlackRock Investment Advisers Pvt. in September 2024 to enter the wealth management space. The company has already filed an application with SEBI for registration as an investment advisor as of March 2025.

Broking Services

In January 2025, the company established Jio BlackRock Broking Pvt. to offer broking services and subsequently applied for a broking license with SEBI in the same month.

Talent Acquisition

The company disclosed that recruitment of C-suite executives (CXOs) for both the wealth management and broking divisions is currently in progress, indicating serious commitment to these new business verticals.

Market Response

Shares of Jio Financial Services Ltd. closed 1.73% higher at Rs 246.45 apiece on the BSE on Thursday, outperforming the broader market, as the benchmark Sensex advanced by 1.96%. However, it's worth noting that the quarterly results were announced after market hours.

Business Portfolio

Jio Financial Services continues to focus on expanding its presence across the financial services spectrum. The company currently operates in multiple domains including:

• Investing and financing
• Insurance broking
• Payment bank services
• Payment aggregator and gateway services

With its strategic partnerships and ongoing expansion into wealth management and broking services, Jio Financial Services appears positioned to strengthen its foothold in India's competitive financial services landscape.

Disclaimer: The views and investment tips expressed in this article are for informational purposes only and do not represent financial advice. The views expressed are those of the sources cited and not necessarily those of this website or its management. Investing in equities or other financial instruments carries the risk of financial loss. Readers must exercise due caution and conduct their own research before making any investment decisions. We are not liable for any losses incurred as a result of decisions made based on this article. Please consult a qualified financial advisor before making any investment.

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ITC Acquires 24 Mantra Organic for ₹472.5 Crore, Expands Organic Foods Portfolio

ITC Acquires Organic FMCG Brand 24 Mantra Organic for ₹472.5 Crore

In a significant move to strengthen its position in the rapidly growing organic foods segment, ITC Limited announced on Thursday, April 17, 2025, that it has signed a definitive agreement to acquire 100% share capital of Sresta Natural Bioproducts Private Limited (SNBPL), the company behind the renowned '24 Mantra Organic' brand.

Acquisition Details

The deal, valued at up to ₹472.5 crore, will be executed on a cash-free, debt-free basis. According to the terms:

• ₹400 crore will be paid upfront at the time of closing
• An additional ₹72.5 crore may be paid over the next 24 months, subject to customary adjustments and performance-related conditions

Following the announcement, shares of ITC Ltd ended at ₹427.25 on the BSE, reflecting a gain of ₹3.10 or 0.73%.

About 24 Mantra Organic

Sresta Natural Bioproducts Private Limited is a pioneer in India's organic foods market, offering a fully integrated 'Farm to Fork' traceability system. The company has established itself as a leading player in the organic packaged staples category in India.

Key highlights of SNBPL include:

• A diverse portfolio of over 100 organic products including branded grocery staples, spices, condiments, edible oils, and beverages
• Strong international presence with deep connections to the Indian diaspora
• A vertically integrated supply chain supporting sustainable livelihoods for approximately 27,500 farmers
• Certified organic farming across approximately 1.4 lakh acres of land in 10 states

This robust network of farmers and certified organic sourcing capabilities represents a significant competitive advantage for the company in the growing organic foods market.

Strategic Importance for ITC

This acquisition marks a strategic expansion for ITC into the high-growth organic packaged foods segment. The company continues to diversify its portfolio while focusing on nutrition-led healthy food products.

Hemant Malik, Wholetime Director of ITC, expressed enthusiasm about the acquisition, stating, "We are excited to have 24 Mantra Organic as part of ITC's Foods Business's portfolio of nutrition-led healthy foods products. 24 Mantra Organic has built a robust backend and sourcing network, which is core to its trusted organic products portfolio."

He further added, "Aligning with national priorities, we are confident that 24 Mantra Organic will fortify ITC's presence and market standing in the high-growth organic products space, in both Indian and overseas markets."

Future Outlook

With organic food consumption on the rise globally and increased health consciousness among consumers, this acquisition positions ITC strategically to capture growth in this premium segment. The deal also aligns with ITC's ongoing efforts to expand its food business beyond traditional categories.

Rajashekar Reddy Seelam, Founder & Managing Director of SNBPL, commented on the acquisition: "After 21 years of partnering with Indian farmers to create trusted organic products, we are excited that ITC will be driving the next phase of growth for 24 Mantra Organic."

This acquisition follows ITC's recent investment of ₹131 crore in Ample Foods, further highlighting the company's commitment to expanding its food business portfolio and addressing changing consumer preferences for healthier, premium food options.

Disclaimer: The views and investment tips expressed in this article are for informational purposes only and do not represent financial advice. The views expressed are those of the sources cited and not necessarily those of this website or its management. Investing in equities or other financial instruments carries the risk of financial loss. Readers must exercise due caution and conduct their own research before making any investment decisions. We are not liable for any losses incurred as a result of decisions made based on this article. Please consult a qualified financial advisor before making any investment.

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