Jio Financial Services
- 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 OctLending 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.
- 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.
- 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.
Board meetings
Results dates and other board meetings. Full calendar
| Details | ||
|---|---|---|
| 15 Oct 2026 | Financial Results | To consider and approve the unaudited financial results for the quarter and half year ended September 30, 2026 |
| 16 Jul 2026 | Financial Results | To consider and approve the financial results for the quarter ended June 30, 2026 |
| 17 Apr 2026 | Financial Results/Dividend | To 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 2026 | Financial Results | To 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 2025 | Financial Results | To consider and approve the unaudited financial results for the quarter and half year ended September 30, 2025 |
| 30 Jul 2025 | Fund Raising | To consider Fund Raising |
Financials
Consolidated figures in ₹ crore.
| ₹ Cr. | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 414 | 418 | 418 | 694 | 438 | 493 | 612 | 981 | 901 | 1,019 | 2,004 | 1,699 |
| Expenses | 94 | 98 | 74 | 140 | 125 | 155 | 156 | 293 | 346 | 414 | 607 | 621 |
| Operating Profit | 320 | 320 | 344 | 553 | 313 | 338 | 457 | 688 | 555 | 605 | 1,397 | 1,078 |
| OPM % | 77% | 77% | 82% | 80% | 71% | 69% | 75% | 70% | 62% | 59% | 70% | 63% |
| Other Income | 67 | 78 | 62 | 226 | 70 | 71 | 67 | 238 | 36 | 40 | 0 | 0 |
| Interest | 0 | 0 | 0 | 0 | 0 | 8 | 99 | 136 | 212 | 298 | 418 | 578 |
| Depreciation | 5 | 5 | 5 | 6 | 6 | 6 | 6 | 8 | 8 | 8 | 9 | 11 |
| Profit before tax | 381 | 393 | 400 | 773 | 377 | 396 | 419 | 783 | 371 | 339 | 970 | 489 |
| Tax % | 23% | 21% | 22% | 11% | 22% | 20% | 23% | 11% | 28% | 20% | 14% | 30% |
| Net Profit | 294 | 311 | 313 | 689 | 295 | 316 | 325 | 695 | 269 | 272 | 830 | 340 |
| EPS in Rs | 0.46 | 0.49 | 0.49 | 1.08 | 0.46 | 0.5 | 0.51 | 1.09 | 0.42 | 0.43 | 1.26 | 0.52 |
Growth and returns
Compounded yearly rates over each period.
- 10 Years
- —
- 5 Years
- —
- 3 Years
- 328%
- TTM
- 123%
- 10 Years
- —
- 5 Years
- —
- 3 Years
- 293%
- TTM
- 6%
- 10 Years
- —
- 5 Years
- —
- 3 Years
- 0%
- TTM
- —
- 10 Years
- —
- 5 Years
- —
- 3 Years
- 1%
- TTM
- —
P/E and EPS over time
Daily P/E and trailing 12-month EPS. EPS updates with each result.
Peers
Listed companies in the same business.
| Jio Financial Services | ₹ 205.15 | ₹ 1,35,364 Cr. | 79.1x | 1x | 1% | — |
| Bajaj Finance | ₹ 927.00 | ₹ 5,77,146 Cr. | 25x | 5.8x | 18.1% | 23.7% |
| Shriram Finance | ₹ 867.00 | ₹ 2,04,004 Cr. | 13.9x | 3x | 16.4% | 20.9% |
| Tata Capital | ₹ 307.05 | ₹ 1,30,358 Cr. | 20.5x | 3.3x | 12.3% | 16% |
| Power Finance Corporation | ₹ 316.00 | ₹ 1,04,283 Cr. | 5.4x | 1x | 20.7% | 29.1% |
| Muthoot Finance | ₹ 2,366.00 | ₹ 94,987 Cr. | 10.6x | 3.1x | 30.9% | 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
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