Jio Financial Services announces SEBI stockbroker license approval for Jio BlackRock Broking
By Aditya Bhagchandani Published on June 27, 2025, 10:42 IST
Jio Financial Services Limited has announced that its broking joint venture, Jio BlackRock Broking Private Limited (JBBPL), has received a certificate of registration from the Securities and Exchange Board of India (SEBI) to operate as a stockbroker and clearing member.
In a regulatory filing on June 27, 2025, the company stated that the SEBI registration was granted on June 25, 2025. Jio Financial Services received the formal intimation from JBBPL on June 26, 2025, at 11:09 AM.
This development follows earlier disclosures made by the company on April 15, 2024, and January 21, 2025, regarding the progress of its broking business partnership with BlackRock.
Jio BlackRock Broking Private Limited will now be able to offer stockbroking and clearing services in India's capital markets, strengthening Jio Financial Services' position in the financial services sector.
The company stated that this update is in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Ahmedabad Plane Crash
Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Business Upturn
11 hours ago
- Business Upturn
Revenue vs Profit: What's the difference and why it matters for Indian businesses
For anyone trying to understand a company's financial health, two terms appear almost everywhere: Revenue and Profit. Many new investors, entrepreneurs, and students often confuse the two. Let's break it down with simple examples relevant to Indian businesses. What is revenue? Revenue (also called Sales or Topline) refers to the total money a company earns by selling its products or services during a specific period. Think of it as: Total income generated before any expenses are deducted. Example: If Dabur India sells personal care products worth Rs 500 crore in one quarter, that Rs 500 crore is its revenue. What is profit? Profit (also called Net Income or Bottomline) is the money left after deducting all expenses, including operating costs, salaries, rent, interest, depreciation, and taxes, from the revenue. In short: Profit = Revenue – Total Expenses Example: If Dabur's total expenses (raw materials, salaries, marketing, taxes) for the same quarter were Rs 400 crore, then: Profit = Rs 500 crore – Rs 400 crore = Rs 100 crore Types of profit in Indian financial statements: Gross Profit:Revenue minus cost of goods sold (COGS). Example: For a restaurant chain like Barbeque Nation, this would mean revenue minus food material costs. Operating Profit (EBIT): Gross profit minus all operating expenses (excluding interest and taxes). Net Profit: Final profit after all expenses, including taxes and interest, are deducted. Why is this important for investors and business owners? Revenue shows scale: High revenue shows a company is selling a lot, but doesn't guarantee profit. Profit shows efficiency: A company with moderate revenue but high profit margins (like Infosys ) may be a more efficient business. Misleading perception: Some startups and new-age tech companies (like Zomato or Paytm) may report high revenue but still run at a loss for years. Quick summary: While Revenue tells you how much money is coming in, Profit tells you how much the company is actually keeping. Understanding both is essential when evaluating any Indian company, whether you're an investor, a student, or a budding entrepreneur. Ahmedabad Plane Crash Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
Business Upturn
11 hours ago
- Business Upturn
Understanding profit and loss statements: Simple guide for Indian retail investors
For any Indian retail investor, the profit and loss (P&L) statement is like the scoreboard of a company. It tells you whether the business is making money or losing it. If you want to know how a company like Infosys, Tata Motors, or Marico earns revenue and manages expenses, reading its P&L statement is essential. What is a profit and loss statement? A profit and loss statement, also called an income statement, shows a company's revenues, costs, and profits over a particular period—usually a quarter or a year. It answers two main questions: How much money did the company make? How much did it spend to make that money? 5 key sections in a company's P&L statement (with Indian examples) Revenue / Sales:This is the total money earned from selling products or services. Example: Titan Company's revenue from jewellery and watches. Cost of Goods Sold (COGS):Direct costs of producing goods sold. Example: Raw material costs for Tata Steel or manufacturing expenses for Hero MotoCorp. Gross Profit:Revenue minus COGS. It shows how efficiently the company is producing its goods. Operating Expenses:This includes salaries, marketing, rent, and other daily running costs. Example: IT services companies like TCS and Wipro show high employee expenses here. Net Profit / Bottom Line:After subtracting taxes, interest, and other costs, the final profit figure is what investors track closely every quarter. Example: HDFC Bank's quarterly net profit often makes headlines. Key ratios you can calculate from the P&L statement Net Profit Margin: (Net Profit / Revenue) x 100. Shows how much profit the company makes per rupee of sales. Operating Margin: Focuses on profit from core operations before interest and taxes. Earnings Per Share (EPS): Net Profit divided by the total number of shares. Example: Always check the EPS growth for companies like Infosys or Maruti Suzuki. Why should Indian investors track the P&L? To check revenue and profit growth over quarters To compare operating margins across competitors (Example: FMCG firms like Hindustan Unilever vs ITC) To monitor expense control and profitability Final takeaway For retail investors in India, the P&L statement offers a quick reality check. Before you buy any stock, spend 5 minutes checking the company's revenue trend, expense pattern, and profit growth. Next time you hear about a company announcing quarterly results, open its P&L statement and track these metrics. Ahmedabad Plane Crash Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
Business Upturn
11 hours ago
- Business Upturn
What is Return on Equity (ROE): A beginner-friendly guide with examples
Return on Equity (ROE) is one of the most important profitability ratios that investors track to assess how efficiently a company is using its shareholders' capital to generate profits. In simple terms, ROE answers this question: 'For every rupee invested by shareholders, how much profit is the company generating?' What is ROE? Formula: ROE = (Net Profit / Shareholders' Equity) × 100 It's expressed as a percentage. For example: If a company earns Rs 200 crore in net profit and has Rs 1,000 crore in equity, then: ROE = (200 ÷ 1,000) × 100 = 20% This means: For every Rs 1 of shareholder money, the company generates 20 paise in profit annually. Why is ROE important? Measures profitability from shareholders' perspective A higher ROE means the company is making good use of investors' money. Helps in stock comparisons Investors use ROE to compare profitability across companies in the same sector. Indicates management efficiency It shows how well the management is using the company's net assets to create profits. What is a good ROE? It depends on the industry, but here's a general benchmark: Industry Good ROE Range FMCG, Consumer Goods 20% and above IT and Technology 15% to 25% Banks and Financials 10% to 20% (due to regulatory capital requirements) Infrastructure, Utilities 8% to 15% Key point: Sectors with low capital needs like FMCG tend to have high ROE, while asset-heavy industries like power and infrastructure generally have lower ROEs. Real-life example: Company Net Profit (Rs crore) Shareholders' Equity (Rs crore) ROE HUL 9,500 39,000 24.3% Infosys 25,800 1,20,000 21.5% NTPC 18,000 1,20,000 15% HUL and Infosys deliver high ROE due to high margins and low capital needs. NTPC has lower ROE because it operates in a capital-intensive sector. Things to watch while using ROE: High debt can artificially inflate ROE If a company borrows heavily, equity shrinks relative to profits, making ROE look better. Check debt-to-equity ratio along with ROE for full picture. Compare within industry A 15% ROE in utilities may be excellent, but poor in consumer goods. Track ROE trend over years A falling ROE over 3-5 years could signal declining profitability. Check consistency A one-time profit spike shouldn't be mistaken for sustainable high ROE. ROE vs. ROCE: What's the difference? Metric Measures Good for analyzing ROE Profitability relative to equity only Shareholder returns ROCE (Return on Capital Employed) Profitability relative to total capital (equity + debt) Overall capital efficiency Final takeaway: ROE tells you how well a company turns investor money into profit. It's a key indicator for long-term investors, especially when comparing companies within the same sector. For better analysis, always pair ROE with other ratios like Debt-to-Equity and ROCE. Ahmedabad Plane Crash Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
