Jio Financial Services Posts 14% Decline in Q4 Net Profit, Reaches Rs 272 Crore

Jio Financial Services Reports 14 Percent Drop in Profit for Q4 FY26

Jio Financial Services reported a 14 percent drop in consolidated profit to Rs 272 crore for the March quarter of 2025-26, marking a decline from the previous year. The company's total income nearly doubled to Rs 1,020 crore in the January-March quarter of FY26, driven by significant growth across various business segments.

The company's total expenditure surged to Rs 720 crore during the quarter, a substantial increase from Rs 169 crore in Q4 of FY25. This increase in expenditure led to the 14 percent drop in consolidated profit. Despite this, Jio Financial Services reported a total income of Rs 1,020 crore, a significant increase from Rs 518 crore in the corresponding period of FY25.

Jio Financial Services' Performance in FY26

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For the full 2025-26, Jio Financial Services reported a profit of Rs 1,561 crore against Rs 1,613 crore in FY25, marking a decline of 3.5 percent. Despite this, the company's total income grew by 17.5 percent to Rs 4,011 crore.

The company declared a dividend of Rs 0.60 per equity share of Rs 10 each for the financial year ended March 31, 2026. It also approved the appointment of Annapoorna Venkataramanan as a Group Chief Financial Officer, effective May 11, 2026.

Jio Payments Bank Performance

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Jio Payments Bank reported significant growth in Q4 FY26, with its total income growing 11 times year-on-year to Rs 87 crore. This growth was supported by a 61 percent year-on-year increase in CASA (Current Account Savings Account) customer base to 3.7 million. The average deposit per customer increased 20 percent year-on-year to Rs 1,439 in Q4 FY26. The bank's toll processing operations are now live across 18 toll plazas in 8 states.

Shares of Jio Financial Services rose 1.1 percent to Rs 243.95.