Jio Financial Services' Q2 FY 2026-27 Quarterly Results

Result Summary

• Jio Financial Services Ltd reported a 15.2% quarter-on-quarter (QoQ) decrease in its consolidated revenues for the quarter-ended Sep (Q2 FY 2026-27). On a year-on-year (YoY) basis, it witnessed a growth of 69.5%.
• Its expenses for the quarter were up by 13.5% QoQ and 165.9% YoY.
• The net profit decreased 59.0% QoQ and decreased 51.0% YoY.
• The earnings per share (EPS) of Jio Financial Services Ltd stood at 0.51 during Q2 FY 2026-27.

Financial Statments for Q2 FY 2026-27

Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results

Company Overview

Jio Financial Services Ltd is a prominent player in the financial services industry in India. The company primarily focuses on providing a wide range of financial services, including investment management, lending, and insurance. As part of the broader Reliance Industries conglomerate, Jio Financial Services has capitalized on its strong brand presence and extensive distribution network to cater to diverse customer needs. The company has been involved in various initiatives to expand its digital footprint and enhance customer experience through technology-driven solutions. However, specific recent major developments are not available at this time.

Revenue

For the quarter ended Q2FY27, Jio Financial Services Ltd reported a total income of ₹1699.41 crores. This represents a decrease of 15.2% when compared to the previous quarter, Q1FY27, where the total income was ₹2004.54 crores. However, on a year-over-year basis, the total income saw a substantial increase of 69.5% from ₹1002.40 crores recorded in Q2FY26. The data indicates a dynamic shift in revenue generation, with significant annual growth despite a quarterly decline.

Profitability

In terms of profitability, Jio Financial Services Ltd experienced a decline in profit before tax (PBT) for Q2FY27, which stood at ₹533.34 crores. This marks a decrease of 46.1% from the previous quarter, Q1FY27, where the PBT was ₹988.73 crores. On a year-over-year comparison, PBT decreased by 5.8% from ₹565.90 crores in Q2FY26. The profit after tax (PAT) for Q2FY27 was ₹340.44 crores, reflecting a decline of 59.0% quarter-over-quarter and 51.0% year-over-year. The earnings per share (EPS) followed a similar trend, decreasing to ₹0.51 from ₹1.27 in the previous quarter and ₹1.10 in the same quarter of the previous year.

Operating Metrics

The company's total expenses for Q2FY27 were ₹1125.32 crores, which is an increase of 13.5% from Q1FY27, where expenses were ₹991.18 crores. On a year-over-year basis, the total expenses rose significantly by 165.9% from ₹423.26 crores in Q2FY26. The tax expense for Q2FY27 was ₹149.02 crores, showing a 6.9% increase from Q1FY27 and a 69.3% increase from Q2FY26. These figures highlight the company's cost structure changes and tax obligations over the periods analyzed.