Jio Financial Services Reports 14% Year-Over-Year Decline in Net Profit to ₹272 Crore, Declares ₹0.60 Per Share Dividend

Jio Financial Services Reports 14% Decline in Net Profit for Q4FY26

Jio Financial Services (JFSL), the financial arm of Reliance Industries, announced its financial performance for the March quarter and FY26 after market hours, reporting a consolidated net profit of ₹272 crore, down 14% from ₹316 crore in the same period last year. Despite a sharp jump in revenue, higher finance costs have severely impacted the company's bottom-line performance.

Revenue Rise and Higher Finance Costs

The company, which operates across investing and financing, insurance broking, payment banking, payment aggregator/gateway services, and asset management, saw its revenue rise to ₹1,018.51 crore from ₹493.24 crore in the fourth quarter of the previous fiscal year. However, higher finance costs, which rose to ₹298 crore from ₹7.65 crore in Q4FY25, have pushed the company's operating expenses to ₹720 crore, a sharp increase from ₹168.66 crore in the corresponding quarter of last year.

Full Fiscal Year Performance

For the full fiscal year 2025-26, the company recorded a net profit of ₹1,561 crore, reflecting a marginal 3.2% decline from 2024-25. FY26 revenue stood 72% higher at ₹3,513 crore.

| Financial Performance Comparison | Q4FY25 | Q4FY26 | % Change | | --- | --- | --- | --- | | Revenue | ₹493.24 crore | ₹1,018.51 crore | 106.7% | | Net Profit | ₹316 crore | ₹272 crore | -14% | | Operating Expenses | ₹168.66 crore | ₹720 crore | 326.5% |

Assets Under Management and Payment Value

Assets under Management (AUM) of Jio Credit Limited stood at ₹25,711 crore as of March 31, 2026, marking over 2.5x growth compared to FY25. Jio Payment Solutions Limited reported a total payment value (TPV) of ₹52,226 crore, up around 2.4x year-on-year. Jio Payments Bank Limited's deposit base reached ₹544 crore, registering an 84% YoY growth, while JioBlackRock Asset Management reported an AUM of over ₹15,200 crore at the end of FY26, achieved within just nine months of launch.

Management Outlook

Hitesh Sethia, Managing Director and CEO, Jio Financial Services Limited, stated that the company is committed to growing sustainably and responsibly, ensuring continued delivery of long-term value to shareholders, while serving as a trusted partner in India's economic journey.

Dividend Declaration

Along with the results, the company announced a dividend of ₹0.60 per equity share with a face value of ₹10 each for the financial year ended March 31, 2026. The date of the Annual General Meeting (AGM) of the company for the financial year ended March 31, 2026, and the date from which the dividend, if approved by shareholders, will be paid, will be intimated in due course.