Jio Financial Services, a company from Mukesh Ambani’s Reliance Industries Group, has announced its financial results for the March quarter. Along with this, the company has also declared a generous dividend for its shareholders.
This will be the first-ever cash reward given by Jio Financial Services to its investors.
Dividend Details
The Board of Directors of Jio Financial Services has recommended a dividend of ₹0.50 per share for the financial year ending March 31, 2025. This will be given on each equity share with a face value of ₹10.
In its stock exchange filing, the company mentioned that the record date and payment date for this dividend will be announced later.
Company’s Profit in Q4
The company reported its earnings for the fourth quarter of the financial year ending March 31, 2025:
- Net profit grew by 1.8% to ₹316.11 crore compared to ₹310.63 crore in the same quarter last year.
- In the previous quarter (Q3), the profit was ₹295 crore.
- Revenue for the quarter stood at ₹518 crore, up from ₹418 crore in the same period last year — marking a 24% increase in one year.
What is a Dividend?
A dividend is a part of a company’s profit that is shared with its shareholders. It’s a kind of reward given to investors for putting their money into the company.
Share Performance
On Thursday, Jio Financial Services’ stock closed at ₹246.45 on the BSE, which was 1.73% higher than its previous close of ₹242.25.
- The stock opened at ₹242.75.
- It touched an intraday high of ₹248.
- The lowest price of the day was ₹238.25.
