Analyst Concall
Jio Financial Services looks to increase physical footprint
This story was originally published at 21:46 IST on 17 July 2025
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By Vidhushi RajPurohit and Shubham Rana
MUMBAI/NEW DELHI – Jio Financial Services Ltd. is looking to increase its physical presence across the country, the management said Thursday in a post-earnings call. The company also remains focused on maintaining a strong growth in its assets under management through cost-effective techniques to optimise its cost-to-income ratio.
"...our physical presence across 11 major Indian cities serves as a key connector for last-mile fulfilment as well as accurate credit assessment," the company management said. "Over the next few quarters, we will continue to expand our physical footprint across some of the top-tier cities in the country."
For the June quarter, the payment bank reported a strong sequential growth of 12% in its customer base in its low-cost current and savings account segment. The CASA customer base grew by 169% on year to INR 2.58 million. The company reported a net profit of INR 3.25 billion for the June quarter, up from INR 3.13 billion a year ago. The growth in the company's net profit was driven by a rise in interest income and a fall in impairment on financial instruments.
The company wants to diversify and grow its revenue streams with several initiatives such as Aadhaar-enabled payments service, domestic money transfer, and business-to-business UPI services, the mangement said.
The company said that with the help of strategic planning, cost structure optimisation and prudent capital allocation, it aims to maximise shareholder value by ensuring return on capital. Shares of Jio Financial Services ended 0.4% lower Thursday at INR 318.15 on the National Stock Exchange. End
Edited by Akul Nishant Akhoury
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