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Rohan Saha

Founder - Burn Inves... • 4m

Jio Financial Services reported a net profit of ₹316 crore this time, and the company also announced a dividend of 0.5 paise per share. Along with that, the company’s market cap is ₹1,56,609 crore. Honestly, if it were any other company in its place, its market cap would barely be around ₹1,000 crore and even that would be difficult assuming the company shows good growth ahead. Last year during the same period, the company had a profit of ₹311 crore, so that’s just an additional ₹5 crore in profit. Despite that, the company is enjoying a PE ratio of 97 in the market.

5 Replies

Replies (5)

Havish Gupta

Figuring Out • 4m

Exactly, everyone's just buying the 'Hype'. I remember when it was about to list, even popular channels like Rahul Malodia were like 1 Lakh crore is nothing, on week itself, it's val will double to 2 lakh crore while in reality it's financials makes no real sense. Assuming a PE of 15, it's valuation won't be more than 5-6000 Cr.

Anonymous 1

Hey I am on Medial • 4m

0.5 paise per share? What is that supposed to signal? A "thanks for existing"? Either keep the cash or give something meaningful. This looks more like a technicality to say “we issued a dividend.”

1 Reply

jinish mehta

Passionate Entrepren... • 4m

can anyone share what is the main product that jio fin service is selling ? also, once I was doing recharge of my jio sim. while making the payment it went to jio fin services. actually it should go to reliance industries.

Anonymous 2

Hey I am on Medial • 4m

That’s pure froth. For what’s essentially a glorified NBFC with minimal earnings growth YoY? No way this makes sense without the Reliance ecosystem pumping air into it.

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Rohan Saha

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Mahendra Lochhab

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Boston Consulting Group • 1y

📈🎉 Historic Milestone: BSE's total market cap breaches the ₹400 lakh crore mark for the first time on 8 April 2024! Blue-chip, mid-cap, and small-cap indices fuel this record-breaking rally.