Jio Financial Services Shares Decline 3% Following Q4 2026 Earnings Announcement

Jio Financial Services Share Price Falls 3% Amid 14% Drop in Consolidated Net Profit

Jio Financial Services, a Reliance Group stock, experienced a decline of over 3% in Monday's trading session. The company's share price opened at ₹242 apiece today, compared to a previous close of ₹243.86 on Friday. By 9:35 am, the stock touched an intraday low of ₹236.64 per share.

The decline in the share price comes as Jio Financial Services reported a 14% year-on-year drop in its consolidated net profit to ₹272.22 crore for the quarter ending on March 31, 2026. This represents a significant decline from ₹316.11 crore in the corresponding quarter last year.

Despite the decline in profit, the company's net interest income (NII) rose sharply by 28.46% to ₹344.41 crore, up from ₹268.09 crore a year ago. NII represents the difference between interest earned and interest paid.

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The company's board also declared a dividend of ₹0.60 per share. Net Interest Income (NII) surged to ₹625 crore for the full year, marking a 190% year-on-year increase. In Q4 FY26, NII stood at ₹201 crore, reflecting a 143% rise compared to the same quarter last year.

The company's Pre-Provision Operating Profit (PPOP) climbed to ₹366 crore in FY26, doubling from the previous year. For Q4 FY26, PPOP reached ₹120 crore, registering a 2.5x year-on-year growth, highlighting the strong underlying profitability of the core lending business.

Assets Under Management (AUM) for FY26 came in at ₹25,711 crore, growing 2.5x year-on-year. Gross disbursements in Q4 FY26 were ₹10,629 crore, up 49% year-on-year and 23% quarter-on-quarter.

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Brokerage Firm Motilal Oswal Reiterates 'Buy' Rating

Brokerage firm Motilal Oswal has reiterated its 'buy' rating on Jio Financial Services stock with a target price of ₹315 apiece. The firm believes that the company offers a compelling long-term runway for growth, supported by the breadth of its financial services platform and multiple embedded value-creation levers.

Possible Trend Reversal

Anshul Jain, Head of Research at Lakshmishree, said that Jio Financial Services appears to be forming a 52-week double-bottom pattern on weekly charts, pointing to a possible medium-term trend reversal. Rising volumes in the current session suggest renewed investor interest, reinforcing the development of a higher low on the daily chart. The price action is gradually transitioning from a distribution phase to accumulation. Immediate resistance is seen around the 50-day EMA near 248, which remains a crucial breakout level.