Jio Financial Services share price fell over 3% in Monday’s trading session after the company posted 14% drop in its consolidated net profit for the quarter ending on March 31, 2026.
The Reliance Group stock opened at ₹242 apiece today, as compared to previous close of ₹243.86 on Friday. At 9:35 am, the stock touched an intraday low of ₹236.64 per share.
Jio Financial Services Q4 results 2026
Jio Financial reported a 14% year-on-year drop in its consolidated net profit to ₹272.22 crore for Q4 FY26, compared with ₹316.11 crore in the corresponding quarter last year.
Despite the decline in profit, 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.
Alongside its fourth-quarter results, 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.
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.
“As we enter FY27, we look forward to building further on this formidable foundation. We remain committed to growing sustainably and responsibly, ensuring we continue to deliver long-term value to our shareholders, while serving as a trusted partner in India’s economic journey,” said Hitesh Sethia, Managing Director and CEO, Jio Financial Services Limited.
Jio Financial Services share price – Should you buy or sell?
Brokerage firm Motilal Oswal has reiterated its ‘buy’ rating with a target price of ₹315 apiece, saying that SoTP does not factor in valuation from businesses like insurance manufacturing, wealth management, broking, and marketplace, which are still in their incubation phase.
“JIOFIN offers a compelling long-term runway for growth, supported by the breadth of its financial services platform and multiple embedded value-creation levers. While current valuations reflect a part of the medium-term growth potential, we believe they do not fully capture the scale opportunity across lending, asset management, insurance, and digital financial services as these businesses transition from incubation to meaningful profitability,” the firm said.
Meanwhile, 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,” Jain said.
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