Kingdon Capital, Tied to Adani-Hindenburg Dispute, Has Just One More India Link
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Tanushree Jaiswal
5th Jul 2024
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5paisa Research Team
Last Updated: 2nd December 2024 - 06:02 pm
Jio Financial Share Movement of the Day
Why Jio Financial Services is in Buzz?
Jio Financial Services (JFS), prominent arm of Reliance Industries Ltd, has garnered significant attention in financial markets following its recent quarterly results for Q1 FY25. company's transition from Non-Banking Financial Company (NBFC) to Core Investment Company (CIC), approved by Reserve Bank of India (RBI), has further fueled its momentum. Despite slight dip in net profit, JFS has made strategic strides in business expansion, digital innovation, & operational efficiency, keeping investors & market analysts keenly interested.
Fundamental Analysis of Jio Financial Services
Q1 FY25 Results Overview
- Net Profit: Jio Financial Services reported consolidated net profit of ₹313 crore for Q1 FY25, marking 5.7% year-on-year (YoY) decline from ₹332 crore in Q1 FY24. Sequentially, net profit increased marginally from ₹311 crore in Q4 FY24.
- Revenue: Total revenue for quarter rose marginally by 0.97% YoY to ₹418 crore, compared to ₹414 crore in same quarter last year. Sequentially, revenue remained flat at ₹418 crore.
- Expenses: Total expenses for quarter increased to ₹79 crore, up from ₹54 crore in Q1 FY24. Staff expenses rose significantly to ₹39 crore from ₹12 crore in previous year.
Segmental Highlights
- Interest Income: Total interest earned for quarter declined by 20% YoY & 42% sequentially, amounting to ₹162 crore.
- Fair Value Changes: Net gain on fair value changes increased by 25% YoY & 101% sequentially, reaching ₹218 crore.
Business Performance
- Joint Ventures: JFS's 50-50 joint venture with BlackRock aims to launch asset management, wealth management, & broking businesses. Key leadership has been identified, & infrastructure & tech platforms are in advanced stages of development.
- Insurance: Company has tied up with 31 insurance companies & launched digital auto & two-wheeler insurance on its app.
- CASA Customers: Achieved over 1 million Current Account & Savings Account (CASA) customers & 0.5 million Jio app downloads since launch.
- Vendor Financing: JFS commenced its vendor financing segment in May 2024.
- Operational Highlights: JFS started leasing AirFiber devices in June & introduced loans against mutual funds & home loans in July.
Top Stocks to Buy
As of: 03 Dec, 2024 03:56 PM
| Company | LTP | Market Cap (Cr.) | PE Ratio | 52W High | 52W Low |
|---|---|---|---|---|---|
| Tata Consultancy Services Ltd | 4,302.75 | ₹ 1,545,230.91 | 32.59 | 4,592.25 | 3,498.00 |
| Reliance Industries Ltd | 1,323.30 | ₹ 1,748,652.74 | 25.75 | 1,608.80 | 1,199.30 |
| Tata Consultancy Services Ltd | 4,302.75 | ₹ 1,545,230.91 | 32.59 | 4,592.25 | 3,498.00 |
| Tata Chemicals Ltd | 1,136.40 | ₹ 28,322.94 | -81.35 | 1,349.00 | 933.00 |
| Adani Green Energy Ltd | 1,312.80 | ₹ 209,710.06 | 186.03 | 2,174.10 | 870.25 |
| Asian Paints Ltd | 2,469.40 | ₹ 237,842.68 | 52.07 | 3,422.95 | 2,422.95 |
| Indian Railway Finance Corporation Ltd | 148.20 | ₹ 195,165.07 | 29.98 | 229.00 | 74.60 |
| Adani Enterprises Ltd | 2,514.20 | ₹ 284,292.03 | 51.34 | 3,743.90 | 2,025.00 |
| Asian Energy Services Ltd | 337.35 | ₹ 1,519.42 | 39.20 | 444.15 | 222.00 |
| Asian Paints Ltd | 2,469.40 | ₹ 237,842.68 | 52.07 | 3,422.95 | 2,422.95 |
| Tata Consultancy Services Ltd | 4,302.75 | ₹ 1,545,230.91 | 32.59 | 4,592.25 | 3,498.00 |
| Bajaj Auto Ltd | 9,161.80 | ₹ 252,271.55 | 34.21 | 12,774.00 | 5,987.85 |
| Bajaj Consumer Care Ltd | 212.30 | ₹ 3,003.67 | 21.29 | 288.95 | 199.75 |
| Berger Paints India Ltd | 482.15 | ₹ 57,555.35 | 50.29 | 629.50 | 439.00 |
| Hindustan Unilever Ltd | 2,482.85 | ₹ 586,493.22 | 57.12 | 3,035.00 | 2,172.05 |
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