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The lending business — which is the core of any financial services conglomerate — has also seen a healthy growth of 35% and 156% in its loan-book on a sequential and year-on-year basis, respectively.
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Jio Financial Services Ltd on Friday (April 17) has reported a drop of 3% in its annual profit after tax. The financial services conglomerate has clocked a net profit of ₹1561 crore during the FY26, compared with ₹1,613 crore in FY25.
For the quarter ended March 2026, the net profit grew by 1% on a sequential basis and dropped by 14% on a year-on-year basis.
The company’s topline also surged by 70% during FY26 to ₹ 3,542.61 crore, compared with ₹2,078.92 crore in FY25.
The lending business — which is the core of any financial services conglomerate — has also seen a healthy growth of 35% and 156% in its loan-book on a sequential and year-on-year basis, respectively.
Also Read: Jio Financial arm invests ₹64 crore in Reliance Leasing IFSC via rights issue
The group’s assets under management now stand at ₹ 25,710.80 crore. It is pertinent to note that Jio Financial's entire loan book is secured. The lending arm of the conglomerate — Jio Credit Limited — offers Home Loan, Loan against Property, Loan against ETFs, Loan against Mutual Funds, and Loan against Shares.
The company also announced a dividend of ₹0.60 per share — an increase of 20% from ₹0.50 per share last year.
Meanwhile, the company also relieved its Group CFO Abhishek Pathak. Pathak would be joining the office of the Chairman of Reliance Industries Ltd — Mukesh Ambani — in a strategic role.
Also Read: Jio Financial Services share price has 35% upside potential, Motilal Oswal says with 'buy' rating
Further, Annapoorna Venkataramanan has been appointed as the Chief Financial Officer of Jio Financial Services. Her most recent role was Chief Treasury, Risk, Insurance and Capex Investments at ArcelorMittal Nippon Steel India (AMNS).
Prior to AMNS, she served as Managing Director and Sales Head, South Asia Financial Markets at Standard Chartered Bank (SCB), where she led teams across risk, liquidity management, international corridor business and digital product journeys.
The company's shares closed at ₹243.95 per scrip, up 1.1%.
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(Edited by : Jomy Jos Pullokaran)
First Published:
Apr 17, 2026 7:24 PM
IST
