Jio Financial Services Reports 14% Decline in Q4 Net Profit Despite Revenue Surge
Jio Financial Services Q4 Results: Net profit drops 14% YoY to ₹272 crore; declares dividend of ₹0.60 per share
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Jio Financial Services (JFSL), the financial arm of Reliance Industries, reported a 14% year-on-year decline in net profit for Q4 FY26, totaling ₹272 crore. Despite a significant revenue increase to ₹1,018.51 crore, rising finance costs impacted profitability. The company declared a dividend of ₹0.60 per share.
- 01Net profit for Q4 FY26 is ₹272 crore, down 14% from ₹316 crore in Q4 FY25.
- 02Revenue increased to ₹1,018.51 crore, up from ₹493.24 crore in the previous year.
- 03Finance costs surged to ₹298 crore, significantly affecting net profit.
- 04For FY26, net profit declined by 3.2% to ₹1,561 crore, while revenue rose 72% to ₹3,513 crore.
- 05A dividend of ₹0.60 per share was declared for the financial year ended March 31, 2026.
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Jio Financial Services Limited (JFSL), a subsidiary of Reliance Industries, reported its Q4 FY26 results, revealing a 14% decline in net profit to ₹272 crore, compared to ₹316 crore in Q4 FY25. Despite this drop, the company saw its revenue increase significantly to ₹1,018.51 crore, up from ₹493.24 crore in the same quarter last year. The rise in revenue was overshadowed by a sharp increase in finance costs, which escalated from ₹7.65 crore to ₹298 crore, contributing to a substantial rise in operating expenses to ₹720 crore, compared to ₹168.66 crore in the previous year. For the full fiscal year 2025-26, JFSL's net profit was ₹1,561 crore, reflecting a marginal decline of 3.2% from the previous fiscal year, while revenue surged by 72% to ₹3,513 crore. The company also reported impressive growth in its assets under management, with Jio Credit Limited reaching ₹25,711 crore, and a total payment value of ₹52,226 crore for Jio Payment Solutions Limited, marking a 2.4x year-on-year increase. JFSL declared a dividend of ₹0.60 per equity share for the fiscal year ended March 31, 2026. Hitesh Sethia, Managing Director and CEO, expressed optimism for sustainable growth in the upcoming fiscal year.
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The decline in net profit and rising finance costs may affect investor confidence and shareholder returns, while the dividend declaration provides some financial relief to shareholders.
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