Shareholders investing in this company will become rich!
Reliance industries Group company jio Financial on Thursday announced the results of the march quarter. Along with this, the company has also announced a strong dividend for its shareholders. This will be the first cash reward given to the shareholders by jio Financial services Limited. The Board of Directors of jio Financial services has recommended a dividend of Rs 0.50 per share for the financial year ended March 31, 2025.
The company said in its exchange filing, a dividend of Rs 0.50 per equity share with a face value of Rs 10 has been recommended for the financial year ended march 31, 2025. However, the company has not given the record date and payment date for the dividend along with the announcement of the results. The company has said in the exchange filing that its information will be given in time.
This was the company's net profit in Q4
Jio Financial services Limited said on thursday that the company registered a growth of 1.8 percent in consolidated net profit to Rs 316.11 crore in the fourth quarter of the financial year ended march 31, 2025. Whereas in the same quarter of the previous financial year 2023-24, the company's net profit was Rs 310.63 crore. In the third quarter it was 295 crores. The company's revenue stood at 518 crores, which was 418 crores in the fourth quarter of the previous financial year. This shows an increase of 24 percent in a year.
What is a dividend?
When a company gives a part of its profits to its shareholders, it is called a dividend. It is a kind of reward given to the shareholders for investing in the company.
Performance of the company's stock
On thursday, shares of jio Financial services closed at Rs 246.45 on the BSE, which is 1.73 percent higher than the previous closing price of Rs 242.25. On thursday, the stock opened at Rs 242.75 and touched an intraday high of Rs 248 during the day's trading. At the same time, the lowest level of the stock was Rs 238.25.
click and follow Indiaherald WhatsApp channel