Jio Financial Services shares rise 3% after Rs 190 crore infusion into Payments Bank arm

Shares of Jio Financial Services rise 3% to Rs 312.2 in Thursday’s intraday trade on the BSE after the company announced a capital infusion of Rs 190 crore into its payments bank subsidiary.

In a regulatory filing on Wednesday, Jio Financial Services Ltd (JFSL) said it had been allotted 19 crore equity shares of Rs 10 each in Jio Payments Bank Ltd, its wholly owned subsidiary, for cash at par.

JFSL clarified that the transaction is a related-party deal conducted on an arm’s length basis, with no involvement or interest from the company’s promoters or group entities.

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Last week, JFSL also acquired State Bank of India’s entire 17.8% stake in Jio Payments Bank for Rs 104.54 crore, consolidating full ownership of the subsidiary.

Also Read: HDB Financial Services IPO: Should you subscribe? Here’s what brokerages sayJio Finance Q4 earningsJio Financial Services reported a 2% year-on-year (YoY) increase in consolidated net profit to Rs 316 crore for the fourth quarter of FY25, up from Rs 311 crore in the same period last year.

Revenue from operations rose 18% YoY to Rs 493 crore, compared to Rs 418 crore a year ago. On a sequential basis, revenue grew 13%, while profit after tax increased 7%.

Interest income for the January–March 2025 quarter declined slightly to Rs 276 crore, while fee and commission income rose to Rs 39 crore.

In the lending and leasing segment, the company’s assets under management (AUM) surged to Rs 10,053 crore, a sharp rise from just Rs 173 crore a year earlier.

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Jio Finance share price target

According to Trendlyne, the average target price for Jio Financial Services is Rs 272, indicating a downside of around 12% from current levels. Of the two analysts tracking the stock, the consensus rating is ‘Hold’.

Technically, the stock’s Relative Strength Index (RSI) stands at 65.5, nearing overbought territory. It is trading above its 20-day, 50-day, 100-day, and 200-day simple moving averages, suggesting strong underlying momentum.

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