Jio Financial Services Announs Dividend to ShareHolders after Quarterly Results

Jio financial services: Reliance Industries Group’s company Geo Financial has announced the result of the March quarter on Thursday. Also, the company has also announced a strong dividend for its shareholders. This will be the first cash reward to be given to shareholders by Geo Financial Services Limited. The Board of Directors of Geo Financial Services have recommended a dividend of Rs 0.50 per share for the financial year ended March 31, 2025.

The company said in its exchange filing, it has been recommended to give a dividend of Rs 0.50 on each equity share with a face value of Rs 10 for the financial year ended on March 31, 2025. However, the company has not given information about record date and payment date for dividend with the result of the result. The company has said in the exchange filing that its information will be given at the right time.

The company’s net profit in Q4 so much

Jio Financial Services Limited said on Thursday that the company recorded a growth of Rs 316.11 crore with a gain of 1.8 percent at the consolidated net profit in the fourth quarter of the financial year ended March 31, 2025. Whereas in the same quarter of the last financial year 2023-24, the company’s net profit was Rs 310.63 crore. It was 295 crores in the third quarter. The company’s revenue was 518 crores, which was 418 crores in the fourth quarter of the last financial year. It shows an increase of 24 percent in a year.

What is dividend?

When the company gives some part of its profit to its shareholders, it is called dividend. This is a kind of award given to shareholders for investment in the company.

Company share performance

On Thursday, the shares of Geo Financial Services closed at Rs 246.45 on BSE, which is 1.73 % higher than the previous closed price of Rs 242.25. On Thursday, the stock opened at Rs 242.75 and touched the Intrade High of Rs 248 in day business. At the same time, the minimum level of stock was Rs 238.25.

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