Jio Financial Services Reports 14% Dip in Q4 Profit Amid Strong Revenue Growth
Jio Financial Services Q4 results: Net profit dips 14% to ₹272 crore
Business Standard
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Jio Financial Services reported a 14% decline in net profit to ₹272.2 crore for Q4 FY26, down from ₹316.1 crore a year earlier. Despite this dip, total revenues reached ₹1,019 crore, and the company saw significant growth in its financial services, with assets under management surpassing ₹25,000 crore.
- 01Net profit decreased by 14% to ₹272.2 crore in Q4 FY26.
- 02Total revenue from operations reached ₹1,019 crore.
- 03Assets under management for Jio Credit exceeded ₹25,000 crore.
- 04Jio Payments Bank's deposits grew by 84% year-on-year to ₹544 crore.
- 05Unique users of the JioFinance app reached 23 million.
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Jio Financial Services reported a 14% decline in net profit to ₹272.2 crore for the quarter ending March 31, 2026 (Q4 FY26), compared to ₹316.1 crore in the same quarter last year. The company's total revenue from operations was ₹1,019 crore. Despite the profit dip, Jio Credit's assets under management (AUM) crossed ₹25,000 crore during FY26, and Jio Payment Solutions’ total payment value exceeded ₹50,000 crore. The JioFinance app attracted 23 million unique users. The board has proposed a dividend of ₹0.60 per share. Jio Payments Bank Limited reported an 84% year-on-year growth in its deposit base, reaching ₹544 crore. Additionally, JioBlackRock AMC's AUM stood at over ₹15,200 crore just nine months post-launch, while Jio Insurance Broking Limited's total premium reached ₹982 crore, marking a 10% increase year-on-year. Hitesh Sethia, Managing Director and CEO, emphasized the company's commitment to simplifying financial services for millions of Indians and its plans for sustainable growth in FY27.
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The decline in net profit may affect investor confidence, but the growth in revenue and user base indicates a strong market presence, potentially benefiting customers through improved financial services.
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