Earnings Alerts

Jio Financial Services (JIOFIN) Reports Q4 Earnings Growth with Net Income Rising to 3.11B Rupees

  • Jio Financial’s net income for 4Q was 3.11 billion rupees. This is an increase of 5.8% compared to the previous quarter.
  • The reported revenue for the same quarter was 4.18 billion rupees, showing a slight increase of 1.5% from the previous quarter.
  • Jio’s total costs were listed as 1.03 billion rupees for the fourth quarter.
  • There was a drop in the company’s shares by 2.2% to 370.10 rupees, with a total of 39.5 million shares traded.
  • The investment consensus for Jio Financial currently stands at one buy, with no holds or sells.
  • All comparisons to past results are based on values reported by the company in its original disclosures.

Jio Financial Services on Smartkarma

Analyst Coverage of <a href="https://smartkarma.com/entities/jio-financial-services-limited">Jio Financial Services</a> on Smartkarma

Analysts on Smartkarma, a platform for independent investment research, have been closely monitoring Jio Financial Services. One such analyst, Brian Freitas, known for his bullish insights, recently published a research report titled “NIFTY NEXT50 Index Rebalance Preview: Potential Adds Skyrocketing.” In this report, Freitas highlighted that there are expected to be 6 changes to the NEXT50 Index in March. The potential additions to the index have significantly outperformed the potential deletions over the past two months, with a turnover rate of approximately 14% and a substantial one-way trade volume of INR 27 billion.

Freitas pointed out that the potential new additions to the index have demonstrated a 35% outperformance compared to the potential deletions, indicating a strong market trend. With more than 1.5 times the average daily volume to sell on the deletions, the upcoming changes in the NIFTY NEXT50 Index are generating interest among investors following Freitas’ analysis on Smartkarma.


A look at Jio Financial Services Smart Scores

FactorScoreMagnitude
Value4
Dividend1
Growth2
Resilience4
Momentum5
OVERALL SMART SCORE3.2

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

Analysts using the Smartkarma Smart Scores have given Jio Financial Services a solid overall outlook. With high scores in Value, Resilience, and Momentum, Jio Financial Services is seen as a company with strong potential for long-term growth and stability. The company’s emphasis on providing robust infrastructure technology solutions in the financial sector has positioned them as a valuable player in the Indian market.

Although Jio Financial Services scores lower in Dividend and Growth, the high scores in other areas indicate that the company may be focusing on reinvesting profits into expanding its operations and enhancing its services. Investors looking for a company with a good combination of value, resilience, and momentum may find Jio Financial Services to be an attractive prospect for long-term investment.


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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