5439402025-01-012025-03-315439402025-03-315439402024-03-315439402024-04-012025-03-315439402025-01-012025-03-31in-capmkt:OtherExpenses1Member5439402024-04-012025-03-31in-capmkt:OtherExpenses1Member5439402025-01-012025-03-31ItemsThatWillNotBeReclassifiedToProfitAndLoss15439402025-01-012025-03-31ItemsThatWillNotBeReclassifiedToProfitAndLoss25439402025-01-012025-03-31ItemsThatWillNotBeReclassifiedToProfitAndLoss35439402024-04-012025-03-31ItemsThatWillNotBeReclassifiedToProfitAndLoss15439402024-04-012025-03-31ItemsThatWillNotBeReclassifiedToProfitAndLoss25439402024-04-012025-03-31ItemsThatWillNotBeReclassifiedToProfitAndLoss35439402025-01-012025-03-31AuditorDomain15439402025-01-012025-03-31AuditorDomain2iso4217:INRiso4217:INRxbrli:shares543940JIOFINNOTLISTEDINE758E01017JIO FINANCIAL SERVICES LIMITEDMain BoardEquity2024-04-012025-03-312025-04-172025-04-14INRCroresQuarterlyFourth quarterSingle segmentFINANCIAL2025-04-1716:50:002025-04-1718:30:00trueCash Flow IndirectDeclaration of unmodified opinion2025-01-012025-03-31AuditedConsolidated27574000000039430000017807000000004932400000251200000518360000000054750000076500000576000000002391000007659000001686600000349700000003497000000700500000965000007970000002700000000000461100000316110000042181500000453426000003161100000042181500000063531400000100.50.5000.50.53a.The consolidated financial results of Jio Financial Services Limited (formerly known as Reliance Strategic Investments Limited) (hereinafter referred to as "the Holding Company" or "the Company") comprising of the financial results of its Subsidiaries (together referred to as "the Group") and its Associates and Joint Ventures for the quarter and year ended March 31, 2025, have been prepared in accordance with the Indian Accounting Standard (Ind-AS) as notified under section 133 of the Companies Act, 2013 read with the relevant rules issued thereunder as amended from time to time and in compliance with Regulation 33 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 as amended from time to time (hereinafter referred to as "the SEBI Regulations") and other recognised accounting practices generally accepted in India along with the circulars, guidelines and directions issued by the Reserve Bank of India (hereinafter referred to as "the RBI") from time to time. These consolidated financial results have been reviewed and <BR> recommended by the Audit Committee in its meeting held on April 17, 2025 and approved by the Board of Directors in their meeting held on the same date. These financial results are available on the website of the Company viz. www.jfs.in and on the website of BSE Limited ("BSE") (www.bseindia.com) and National Stock Exchange of India Limited ("NSE") (www.nseindia.com). <BR> 3b.The joint statutory auditors of the Holding Company have carried out audit of the aforesaid results as required in terms of Regulation 33 of the SEBI Regulations and have given an unmodified opinion in their audit report. <BR> 4.Pursuant to the certificate of registration and approval received from the Reserve Bank of India (RBI) on July 09, 2024, the Holding Company has been classified as a Non-Deposit Taking Systemically Important Core Investment Company (CIC-NDSI) with effect from that date. <BR> 5.The Group, its Associates and Joint Ventures are engaged in the business of Investing & Financing primarily during the year, Leasing, Insurance Broking, Payment Bank and Payment Aggregator & Payment Gateway services. However, these businesses currently do not satisfy the quantitative thresholds laid down under Ind AS - 108 on "Operating Segment". Further, the operations of the Group, its Associates and Joint Ventures are predominantly conducted within India, there are no separate reportable geographical segment. <BR> 6a.Pursuant to the joint application made by the Holding Company and BlackRock Financial Management Inc. ("BFMI"), SEBI vide letter dated October 03, 2024 has granted in-principle approval to act as Co-sponsors and set up the proposed mutual fund. The Holding Company and BlackRock Advisors Singapore Pte. Ltd.("BASPL") have incorporated Joint Venture companies namely "Jio BlackRock Asset Management Private Limited" and "Jio BlackRock Trustee Private Limited" on October 28, 2024, to carry on, inter alia, the primary business of mutual fund operations. The application for final approval of registration with SEBI has been made by the Holding Company and BFMI on December 12, 2024, which is under consideration as on this date. During the year, the Holding Company and BASPL have made an investment of Rs. 141.00 crore and Rs. 0.40 crore each, in the equity share capital of "Jio BlackRock Asset Management Private Limited" and "Jio BlackRock Trustee Private Limited" respectively. <BR> 6b.Further, the Holding Company, BlackRock, Inc. and BlackRock Advisors Singapore Pte. Ltd. ("BASPL") have entered into an agreement on April 15, 2024 to form a 50:50 Joint Venture for undertaking wealth business including incorporation of a wealth management company and subsequent incorporation of a brokerage company in India. Pursuant to this, the Holding Company and BASPL have incorporated a Joint Venture ("JV") company named “Jio BlackRock Investment Advisers Private Limited” ("JBIAPL") on September 06, 2024, to engage primarly in investment advisory services. Necessary applications for the approval have been made by JBIAPL which is under consideration as on this date. During the year the Holding Company and BASPL have made an investment of Rs. 18.00 crore each by way of equity share capital of JBIAPL. <BR> 7.Jio BlackRock Investment Advisers Private Limited, a Joint Venture company of the Holding Company has incorporated a wholly owned subsidiary named ‘Jio BlackRock Broking Private Limited’ ("JBBPL") on January 20, 2025 to engage primarily in the business of broking. Necessary applications for the approval have been made by the JBBPL which is under consideration as on this date. <BR> 8.As on the reporting date, the Holding Company holds 85.04% of the paid-up equity share capital of Jio Payments Bank Limited (“JPBL”), a joint venture of the Holding Company and State Bank of India (“SBI”). <BR> The Board of Directors of the Holding Company, at its meeting held on March 04, 2025, have approved acquisition of 7,90,80,000 equity shares of JPBL from SBI for an aggregate consideration of Rs. 104.54 crore. Necessary approval from the RBI in this regard is under consideration till this date. Post this acquisition, JPBL will become a wholly owned subsidiary of the Holding Company. <BR> 9.In terms of the Scheme of Arrangement between Reliance Industries Limited (“RIL”) and its shareholders and creditors & the Holding Company and its shareholders and creditors, sanctioned by the Hon’ble National Company Law Tribunal, Mumbai bench vide its order dated June 28, 2023, consequent to the forfeiture and cancellation of 1,42,565 partly paid-up equity shares by RIL with effect from October 22, 2024, 1,42,565 equity shares of face value of Rs. 10 each of the Holding Company held by “JFSL TRUST-PPS (RIL)” stood cancelled without any consideration and the corresponding equity share capital of the Holding Company stood reduced with effect from October 22, 2024. <BR> 10.The Board of Directors of the Company have recommended a final dividend of Rs. 0.50 per equity share for the financial year 2024-25, subject to approval of the members in the forthcoming Annual General Meeting of the Company. <BR> 11.The figures for the quarter ended 31st March are the balancing figures between audited figures in respect of the full financial years ended 31st March and the published unaudited year to date figures upto 31st December being the end of the third quarter of the respective financial years, which were subjected to limited review by the statutory auditors of the Company. <BR> 12.The figures for the previous periods/ year have been regrouped/ reclassified, wherever necessary, to make them comparable with those of the current period.2024-04-012025-03-31AuditedConsolidated85253000002409400000015517000007942700000000204291000003601000002078920000000021492000007650000022520000000040350000023939000005248300000155409000000155409000002699200000644000000334320000012197700000000392820000016125900000-172637500000-156511600000161259000000-1726375000000635314000001011714338000002.542.54002.542.54OTHERS EXPENSES765900000OTHERS EXPENSES2393900000352320000037194600000014950000001005312000001189103200000873600000133137530000009528000009960000000326300000663000007840000010048000004681000007278000003724100000133509940000063531400000117143380000012349652000000123496520000000381000002949000000098323000002986770000000373730000043770300000036130000055650100000352500000563639000001001342000001335099400000Remeasurements of the defined benefit plans5200000Equity Instruments through OCI28744400000Share of OCI in Associates and Joint Ventures1754380000046293400000Remeasurements of the defined benefit plans-2700000Equity Instruments through OCI-101384500000Share of OCI in Associates and Joint Ventures-71917500000-1733047000004111900000-66720000042181500000-1726375000007650000002160000000000-1091400000291050000000022520000040350000000000240940000085253000000-794270000000000-16331500000-7906000000015091000002800400000-98752000000-100833900000002742675000002892389000000427900000000041800000000000000000000000402660000086033000000711003000006406180000000000000396769000000005340000000396235000002851400000028514000006718000003523200000AuditedtrueLODHA & CO LLPtrue2027-03-31Deloitte Haskins & Sellstrue2027-03-31