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Informist, Friday, Apr. 17, 2026

 

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--Jio Fincl Jan-Mar consol net profit INR 2.72 bln 
--Jio Fincl Jan-Mar consol revenue INR 10.19 bln 
--Jio Fincl Jan-Mar consol net profit INR 2.72 bln vs INR 3.16 bln year ago 
--Jio Fincl Jan-Mar consol revenue INR 10.19 bln vs INR 4.93 bln year ago 
--Jio Fincl to pay INR 0.60 per share dividend 
--Annapoorna Venkataramanan to replace Abhishek Pathak as Jio Fincl group CFO 
--Jio Fincl FY26 consol net profit INR 15.61 bln vs INR 16.13 bln year ago 
--Jio Fincl FY26 consol revenue INR 35.13 bln vs INR 20.43 bln year ago 

 

By Meera Nair

 

MUMBAI – Jio Financial Services Ltd.'s consolidated net profit for the March quarter fell as the total expenditure rose significantly, driven by a steep rise in finance costs from a year ago. A sharp on-year rise in interest income cushioned the fall in the bottom line.

 

The financial services company reported consolidated net profit of INR 2.72 billion for the March quarter, down nearly 14% on year. Sequentially, the company's net profit was up 1%. 

 

Total expenditure of the company rose to INR 7.20 billion from INR 1.69 billion a year ago. Sequentially, total expenditure grew over 27%. Of the total expenditure, finance costs for the March quarter grew to nearly 3 billion from INR 77 million a year ago. Finance costs rose over 40% sequentially.

 

Other expenses rose to INR 2.5 billion in the reporting quarter from INR 766 million a year ago, and rose over 13% sequentially. Employee benefit expense rose to INR 1.29 billion from INR 548 million a year ago, affecting the bottom line. 

 

Other income fell over 95% yearly to INR 12 million. In Oct-Dec, the company's other income was INR 1.5 million. 

 

The consolidated revenue for the financial year 2025-26 (Apr-Mar) rose to INR 35.13 billion from INR 20.43 billion a year ago. The consolidated net profit for FY26 fell marginally to INR 15.61 billion from INR 16.13 billion a year ago. 

 

Jio Financial will pay a dividend of INR 0.60 per share for FY26. The company said that Annapoorna Venkataramanan will replace Abhishek Pathak as Jio Financial group chief financial officer. 

 

Jio Credit, the arm of Jio Financial Services, reported a growth of assets under management of 156% to INR 257.11 billion from INR 100.053 billion a year ago, and nearly 35% on quarter, where the quarterly AUM growth was driven entirely by organic origination, the presentation released by the company said. The disurbursements of the company rose 49% to INR 106.29 billion from INR 71.12 billion. 

 

Shares of Jio Financial Services Friday closed 1.1% higher at INR 243.86 on the National Stock Exchange.  End

 

Edited by Akul Nishant Akhoury

 

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