- First Quarter Net Income: Jio Financial reported a net income of 3.12 billion rupees.
- Revenue: Revenue was recorded at 4.18 billion rupees.
- Total Costs: Total costs amounted to 793.5 million rupees, a 47% increase year-on-year.
- Regulatory Approval: Jio Financial received approval from the Reserve Bank of India to operate as a Core Investment Company.
- New Business Line: The company commenced the business of leasing AirFiber devices.
- Customer Base: Over 1 million CASA customers have been acquired, and the JioFinance App has been downloaded approximately 0.5 million times since its launch.
- Beta Launch: Jio Finance conducted a beta launch of its Home Loans product in July.
- Key Leadership: Key leadership has been identified for the joint venture with BlackRock.
- Analyst Ratings: The stock currently has 0 buys, 1 hold, and 0 sells from analysts.
A look at Jio Financial Services Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 1 | |
| Growth | 5 | |
| Resilience | 4 | |
| Momentum | 2 | |
| OVERALL SMART SCORE | 3.2 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Based on the Smartkarma Smart Scores, Jio Financial Services shows a positive long-term outlook. With top scores in Growth and Value, the company demonstrates a strong potential for expansion and is considered to be undervalued in the market. Additionally, Jio Financial Services scored well in Resilience, indicating its ability to withstand economic fluctuations and challenges. However, the company lags in Dividend and Momentum scores, suggesting lower returns for investors and slower short-term price movement.
Jio Financial Services Limited, a non-banking financial company in India, offers a wide range of financial and investment services supported by cutting-edge technology infrastructure. Their focus on growth opportunities and value creation positions them favorably for future success, despite weaker performance in dividend payouts and momentum. Investors may see potential in Jio Financial Services for its growth prospects and resilience in the market.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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