Jio Financial Services

NSE: JIOFINBSE: 543940
Compare with peers
₹ 205.15▼ 2.09 (−1.01%)28 Oct, 03:28 pm IST
Market cap
₹ 1,35,364 Cr.
P/E
79.1x
P/B
1x
52-week range
202.51 – 316.85
ROE
1%
ROCE
2%
Dividend yield
0.3%
Debt / equity
0.16
Sector
Finance
Industry
Investment Company
Listed on
NSE, BSE

About

Jio Financial Services Ltd. is an India-based core investment company. The Company provides full-stack financial services to customers, enabling them to borrow, transact, save and invest. The Company operates its financial services business through consumer-facing entities. Through Jio Finance Limited (JFL) and Jio Leasing Services Limited (JLSL), it aims to meet the financing needs of customers and merchants by offering digital lending and operating lease solutions. Through its insurance broking arm - Jio Insurance Broking Limited (JIBL) - it offers a comprehensive range of insurance products, including general, life, health, auto, home, and insurance on consumer durable products. Its transacting solutions, through Jio Payment Solutions Limited and Jio Payments Bank Limited (JPBL), include checking accounts, debit and credit cards and payment solutions. It has a joint venture with BlackRock (asset manager) to offer asset management, wealth management and broking services in India.

Quick check

The five things to look at first. Open one for more.

Compared with its industry

Investment Company: 66 companies →

Jio Financial Services against the typical company in its industry. The rank is out of the companies that report each figure; green means the better quarter of the pack, red the worse quarter.

  • Valuation (P/E)79.1 against a typical 40.7: pricier than most peers (1st = cheapest).48th of 66
  • Sales growth+73.2% against a typical +16.7% from a year earlier.14th of 55
  • Profit growth−51.1% against a typical 0% from a year earlier.36th of 50
  • Share price, 3 months−17.8% against a typical −10.3%.53rd of 66
  • Size₹ 1,35,364.4 Cr. market value against a typical ₹ 171.2 Cr. (1st = largest).1st of 61

Latest announcements

Exchange filings and their impact on the company.

  • 22 Oct 2026Analysts/Institutional Investor Meet/Con. Call UpdatesHigh impactPositivePrice −2.7% on 23 Oct
    Lending AUM up 154% to Rs 37,320 cr with record disbursements and Rs 18,000 cr Bank of America backing powers faster growth.

    Jio Financial Services reported Q2 FY27 results with ex-dividend total income of Rs 1,699 crore up 132% year-on-year and pre-provisioning profit of Rs 574 crore up 85%. Its lending book grew 154% to Rs 37,320 crore with record disbursements of Rs 13,135 crore, AMC assets reached Rs 22,746 crore, and payments deposits grew 53% to Rs 643 crore. The company also highlighted Bank of America agreeing to buy 49.9% in Jio Credit for about Rs 18,000 crore in growth capital, which should help fund much faster lending growth over the next year.

    Filing
  • 15 Oct 2026Monitoring Agency ReportMedium impactNeutralPrice −1.3% on 16 Oct
    Rs 1,288 cr deployed into payments and insurance arms as planned, but Rs 5,934 cr of warrant money is at risk as stock trades 32% below exercise price.

    Jio Financial filed its CRISIL monitoring report for the September 2026 quarter for its Rs 15,825 crore preferential issue of 50 crore warrants at Rs 316.50. Of Rs 9,891 crore received so far, Rs 6,217 crore has been used, including Rs 1,288 crore this quarter for Jio Payment Solutions, Jio Payments Bank and Jio Allianz General Insurance, with no deviation reported. CRISIL flagged that with the share at Rs 214.62 versus the Rs 316.50 exercise price, conversion of the remaining Rs 5,934 crore due by March 2027 may be impacted.

    Filing
  • 15 Oct 2026Outcome of Board MeetingHigh impactPositivePrice −1.3% on 16 Oct
    Operational income more than doubled and loan book grew 154% YoY, driving strong growth momentum despite higher funding costs.

    Jio Financial reported Q2 FY27 total income ex-dividend of Rs 1,699 crore, up 132% year-on-year, and pre-provisioning profit of Rs 574 crore, up 85%. Profit after tax was Rs 340 crore as the year-ago quarter included dividend income. The loan book at Jio Credit grew 154% to Rs 37,320 crore, AMC assets reached Rs 22,746 crore, and payments volumes grew, supporting continued scale-up funded by higher borrowings.

    Filing

Board meetings

Results dates and other board meetings. Full calendar

Details
15 Oct 2026Financial ResultsTo consider and approve the unaudited financial results for the quarter and half year ended September 30, 2026
16 Jul 2026Financial ResultsTo consider and approve the financial results for the quarter ended June 30, 2026
17 Apr 2026Financial Results/DividendTo consider and approve the standalone and consolidated audited financial results of the Company for the quarter and year ended March 31, 2026 and recommend dividend on equity shares of the Company for the financial year ended March 31, 2026
15 Jan 2026Financial ResultsTo consider and approve the standalone and consolidated Unaudited Financial Results of the Company for the quarter and nine months ended December 31, 2025
16 Oct 2025Financial ResultsTo consider and approve the unaudited financial results for the quarter and half year ended September 30, 2025
30 Jul 2025Fund RaisingTo consider Fund Raising

Share price

1Y change −32.86%
0 of 2 filing days came with a big price move
Volume (shares)Price (₹)
Close price

Financials

Consolidated figures in ₹ crore.

Quarterly results
₹ Cr.Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Sales4144184186944384936129819011,0192,0041,699
Expenses949874140125155156293346414607621
Operating Profit3203203445533133384576885556051,3971,078
OPM %77%77%82%80%71%69%75%70%62%59%70%63%
Other Income677862226707167238364000
Interest00000899136212298418578
Depreciation5556666888911
Profit before tax381393400773377396419783371339970489
Tax %23%21%22%11%22%20%23%11%28%20%14%30%
Net Profit294311313689295316325695269272830340
EPS in Rs0.460.490.491.080.460.50.511.090.420.431.260.52

Growth and returns

Compounded yearly rates over each period.

Compounded Sales Growth
10 Years
—
5 Years
—
3 Years
328%
TTM
123%
Compounded Profit Growth
10 Years
—
5 Years
—
3 Years
293%
TTM
6%
Stock Price CAGR
10 Years
—
5 Years
—
3 Years
0%
TTM
—
Return on Equity
10 Years
—
5 Years
—
3 Years
1%
TTM
—

Shareholding

Latest: Jun 2026.

Promoters
49.13%
+2.01 pts in a year
FIIs
11.27%
−1.03 pts in a year
DIIs
13.27%
−1.41 pts in a year
Government
0.18%
0 pts in a year
Public
26.15%
+0.45 pts in a year

P/E and EPS over time

Daily P/E and trailing 12-month EPS. EPS updates with each result.

P/E 79.1xEPS (12 months) ₹ 2.62Median P/E 122.2x
P/E (times)EPS (₹)

Peers

Listed companies in the same business.

Peer comparison
Jio Financial Services₹ 205.15₹ 1,35,364 Cr.79.1x1x1%—
Bajaj Finance₹ 927.00₹ 5,77,146 Cr.25x5.8x18.1%23.7%
Shriram Finance₹ 867.00₹ 2,04,004 Cr.13.9x3x16.4%20.9%
Tata Capital₹ 307.05₹ 1,30,358 Cr.20.5x3.3x12.3%16%
Power Finance Corporation₹ 316.00₹ 1,04,283 Cr.5.4x1x20.7%29.1%
Muthoot Finance₹ 2,366.00₹ 94,987 Cr.10.6x3.1x30.9%34.3%

Management

Hitesh Kumar Sethia
Chief Executive Officer, Managing Director, Executive Director
Annapoorna Venkataramanan
Group Chief Financial Officer
Mohana Venkatachalam
Group Company Secretary and Compliance Officer
Sandeep Khetan
Group Chief Risk Officer

Prices are delayed and for information only. Nothing on this page is investment advice.