Jio Financial Servic News

Transcript of Presentation on Unaudited Financial Results (Consolidated and Standalone) for the quarter ended June 30, 2024

Jio Financial shares fell 3% to Rs 346.80 following a Q1FY25 net profit drop to Rs 313 crore. Revenue was Rs 418 crore, interest income Rs 162 crore. Sequential net profit increased to Rs 311 crore. Standalone PAT recorded Rs 72 crore. Shares surged 48% year-to-date since August 21, supported by partnerships with 31 insurance firms.

Interest income fell 20% to Rs 162 crore in June 2024 from Rs 202 crore a year ago while expenses increased to Rs 79 crore from Rs 54 crore a year ago, mainly as staff expenses increased more than three time to Rs 39 crore in June 2024.

Audio / Video Recording of Presentation on Unaudited Financial Results (Consolidated and Standalone) for the quarter ended June 30, 2024

Jio Financial Services Q1 Results: In the most recent quarter, the company's total revenue from operations saw a slight increase to Rs 418 crore compared to the same period last year. However, standalone PAT decreased to Rs 72 crore from Rs 78 crore in the previous quarter and Rs 145 crore in the same quarter last year. Standalone revenue from operations also decreased to Rs 134 crore from Rs 141 crore in the previous quarter and Rs 215 crore in the same quarter last year.

Presentation to Analysts on Unaudited Financial Results (Consolidated and Standalone) for the quarter ended June 30, 2024

Outcome of Board Meeting

Unaudited Financial Results (Consolidated and Standalone) for the quarter ended June 30, 2024

Jio Financial Q1 Results: Jio Financial Services shares rose 2% to Rs 355 on the BSE before Q1 FY25 results and RBI's CIC conversion approval. Q4 FY24 net profit was Rs 311 crore, revenue Rs 418 crore. FY24 net profit hit Rs 1,604 crore. Application to RBI in November 2023 after demerging from Reliance Industries Limited, RSI currently at 46.8 per Trendlyne data.

Jio Financial Share Price: Shares of Jio Financial Services rose 2.5% to Rs 256.5 on BSE after RBI approved its conversion from NBFC to CIC post a November 2023 application. CICs must have Rs 100 crore in assets and 90% in investments. RSI is 44.1, MACD 1.2 below signal line, stock above multiple SMAs except 20-, 30-, 50-day; price at 10:25 am Rs 351.6.

The Reserve Bank of India on Thursday evening approved Jio Financial's conversion from a Non-Banking Financial Company (NBFC) to a Core Investment Company (CIC), the company said in a filing.

Further to the disclosure dated November 21, 2023, the Company has today received from the Reserve Bank of India approval for conversion of the Company from Non-Banking Financial Company to Core Investment Company

We wish to inform you that a presentation to analysts on financial results of the Company for the quarter ended June 30, 2024 shall be made on July 15, 2024 at 1900 hours IST after the Board Meeting

Jio Financial Services Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 15/07/2024 ,inter alia, to consider and approve the standalone and consolidated unaudited financial results of the Company for the quarter ended June 30, 2024

We wish to inform you that Shri Charanjit Attra has tendered his resignation as Group Chief Operating Officer (SMP) with effect from close of business hours of July 8, 2024 consequent to his being appointed as the Managing Director and CEO of Jio Leasing Services Limited, a wholly owned subsidiary of the Company effective July 9, 2024.

Intimation of Credit Ratings assigned / reaffirmed by CRISIL Ratings Limited to Jio Finance Limited, wholly owned subsidiary of the Company

Intimation of Credit Ratings assigned by CARE Ratings Limited to Jio Finance Limited, wholly owned subsidiary of the Company

This is to inform that pursuant to the JFSL Code to Regulate, Monitor and Report Trading by Directors, Promoters, Designated Persons and specified Connected Persons of the Company and Material Subsidiaries of the Company, the Trading Window Close Period will commence from July 1, 2024 and end 48 hours after the financial results of the Company for the first quarter ending June 30, 2024 become generally available information

This is to inform you that Members on, June 22, 2024, approved through Postal Ballot, alteration to the Objects Clause of the Memorandum of Association of the Company

The voting results in the format prescribed under Regulation 44(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 along with the Scrutiniser''s Report on remote e-voting, in respect of the Postal Ballot Notice dated May 18, 2024 are attached

JFS plans to acquire equipment worth 360 billion rupees from Reliance Retail, as the financial services provider plans to enter the device leasing business. Through the deal, JFS' unit - Jio Leasing Services - will buy customer premises equipment, devices and telecom equipment such as routers and cell phones.

We wish to inform you that the Board of Directors at its meeting held today i.e. June 19, 2024 on the recommendation of the Nomination and Remuneration Committee and Risk Management Committee of the Board, approved the appointment of Shri S. Anantharaman as Group Chief Risk Officer of the Company for a period of 5 years w.e.f. June 19, 2024

Ambani's latest fintech business under Jio Financial Servics Ltd (JFSL) aims to ride on extensive consumer network as well the data Reliance has acquired. The tracks that consumers leave while shopping and using Reliance products and services will form a strong databank for JFSL.

Jio Financial Services introduced the beta version of the Jio Finance app, offering UPI, digital banking, and mutual fund loans. Key features include instant digital account opening and streamlined bank management. The app integrates various financial services like digital banking, UPI transactions, and insurance advisory. Future plans include expanding loan solutions, starting with mutual fund loans.

Please find attached a media release by the Company, titled "Jio Financial Services Ltd. unveils ''JioFinance'' App in a beta version, marking a significant step forward in its digital transformation journey to enhance financial well-being of every Indian."

Presentation on Item No. 2 of the Postal Ballot Notice dated May 18, 2024

In terms of Regulation 24A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we enclose Annual Secretarial Compliance Report, duly issued by M/s. Shashikala Rao & Co., Company Secretaries, for the financial year ended March 31, 2024

The Company had published a notice in the following newspapers: (i) "The Times of India", all India Editions, in English language; and (ii) "Maharashtra Times", all Editions, in Marathi language. The clippings of Mumbai edition of the two newspapers listed above are attached for your information and records.

Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 - Postal Ballot Notice

​​By embracing a more nuanced approach to investing and staying vigilant for special situations, retail investors can position themselves to capitalize on opportunities that often get overlooked. By understanding and capitalizing on special opportunities such as demergers or spinoffs, holding company discounts, and promoter buying, investors can generate superior returns as these strategies have a positive historical track record.

The possible changes would lead to an inflow of Rs 3,500 crore into Trent and Rs 3,000 crore into Bharat Electronics, the brokerage said.

Declaration under Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

SBI Blue Chip Fund: The fund has seen a leadership transition, with its seasoned fund manager passing the reins to a new successor. The previous fund manager had an unwavering focus on quality, supplemented with a buyand-hold approach. While the new fund manager will retain the quality tilt, he intends to incorporate the momentum strategy, which could bring in some churn in the portfolio.

Yesterday, all thanks to news reports that change in tax laws might be getting tweaked, once again bears were spotted on the street. Though by evening, all those reports were denied by the government. The fact is that because valuations are high the extent to damage was higher. There is a probability of a selective correction taking place, which is essentially led by the profit booking. At this time if one is looking to increase exposure, it would be better that they should look for stocks where there are some improvements in the business operating matrix that tend to weather the storm better. These selected stocks depict a strong upward trajectory in their overall average score which is based on five key pillars i.e. earnings, fundamentals, relative valuation, risk and price momentum. This implies that there has been a significant improvement in their market outlook in the given time frame.

Intimation of receipt of approval of Ministry of Corporate Affairs for appointment of Shri Hitesh Kumar Sethia as Managing Director and Chief Executive Officer

On October 19, 2023, Jio Financial and BlackRock Financial Management Inc. filed papers with markets regulator Sebi for launching a mutual fund business. As of March 2024, the application was under process for Sebi's in-principle approval.

We attach herewith a Certificate under Regulation 40(9) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

Reporting of inadvertent trade by a Designated Person in terms of SEBI Circular dated July 23, 2020

Transcript of Presentation on Audited Financial Results (Consolidated and Standalone) for the quarter and year ended March 31, 2024

Code of Practices and Procedures of Fair Disclosure of Unpublished Price Sensitive Information of the Company