News

Jio Financial Q4 Results Highlights: Jio Financial posted a 14% decline in its consolidated net profit at ₹272.22 crore in Q4 FY26 as against ₹316.11 crore in the same period a year ago.

However, the net interest income posted a strong rise of 28.46% to ₹344.41 crore in Q4FY26. The figure stood at ₹268.09 crore in the same period last year. The NII is the total interest earned minus the interest expended.

The company's board also announced a dividend of ₹0.60 per share along with Q4 results.

● In FY26, JioBlackRock Asset Management recorded a closing AUM of Rs. 15,218 crore.

● Quarterly Average AUM grew 21% QoQ to Rs. around 16,712 crore in Q4 FY26.

● Diverse client base of 400+ institutional investors and over 1.1 million retail investors.

● 50% of investors with Active SIPs; 40%+ of Retail AUM coming from B30 cities; ~20% of our investors new to Mutual Funds.

● Facilitated premium of Rs. 273 crore in Q4 FY26, up 15% YoY. Total fee and commission income grew 124% YoY to Rs. 45 crore in Q4 FY26.

● Digital Point of Sales Person (PoSP) channel facilitated over Rs. 100 crore premium in first year of operations.

● Q4 FY26 TPV stood at Rs. 14,626 crore, up 145% YoY.

● Gross fee and commission income at Rs. 84 crore, up 5x YoY.

● Net Fee and Commission stood at Rs. 17 crore, up 5x YoY.

● Net Processing Margin of 12 bps, versus 6 bps in Q4 FY25 and 10 bps in Q3 FY26.

● Total Income grew 11x YoY to Rs. 87 crore in Q4 FY26, supported by a 61% YoY increase in CASA customer base to 3.7 million.

● Average deposit per customer increased 20% YoY to Rs. 1,439 in Q4 FY26 indicating the rising acceptance of our value propositions.

● Business Correspondent (BC) network grew to 3,78,568 BCs vs. 16,292 BCs in Q4 FY25 (including owned and corporate BC network).

● Bank’s toll processing operations now live across 18 toll plazas in 8 states.

● AUM for FY26 stood at Rs. 25,711 crore, up 2.5x YoY.

● Gross Disbursements of Rs. 10,629 crore in Q4 FY26, 49% YoY increase and 23% sequentially.

● Net Interest Income (NII) reached Rs. 625 crore for the year, up 190% YoY. In Q4 FY26, NII was Rs. 201 crore, up 143% for the same period last year.

● PPOP increased to Rs. 366 crore in FY26, a growth of 2x YoY. For Q4 FY26, PPOP was at Rs. 120 crore, up 2.5x YoY, underscoring the inherent profitability of our core lending operations.

● Profit after tax for FY26 was Rs. 224 crore, up 2x YoY. For Q4 FY26, the PAT stood at Rs. 70 crore, up 4x YoY.

Hitesh Sethia, Managing Director and CEO, Jio Financial Services Limited, said: “FY26 has been a landmark year of growth, guided by our objective of simplifying the complex financial lives of millions of Indians through intelligent financial services, leveraging AI and ML. Our robust operational velocity bears testament to the resonance our offerings are finding across the nation, with our reach now spanning over 19,000+ pincodes. 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."

Jio Financial's board has approved the appointment of Annapoorna Venkataramanan as a Group Chief Financial Officer and KMP of the company, effective May 11, 2026, based on the recommendations of the Nomination and Remuneration Committee and Audit Committee.

Meanwhile, Abhishek Haridas Pathak has stepped down from this position.

The net interest income for the quarter under review rose 28.46% to ₹344.41 crore. The figure stood at ₹268.09 crore in the same period last year. The NII is the total interest earned minus the interest expended.

Recommended a dividend of ₹0.60 per equity share of ₹10/- each for the financial year ended March 31, 2026. The date of the Annual General Meeting of the Company for the financial year ended March 31, 2026 and the date from which the dividend, if approved by the shareholders shall be paid, will be intimated in due course.

Jio Financial Services reported a 13.88% decline in its consolidated net profit to ₹272.22 crore in Q4 FY26 as against ₹316.11 crore in the same period a year ago.

Jio Financial Services infused ₹2,000 crore in its subsidiary Jio Credit Ltd to fund its business growth during the third quarter.

The company has subscribed to and has been allotted 3,35,71,923 equity shares of ₹10 each of Jio Credit Ltd, a wholly-owned subsidiary (non-banking financial company), for cash at a premium of ₹585.70 per equity share, aggregating ₹1,999.88 crore, JFSL said in a statement.

The Jio Credit remains the core growth driver and has shown sharp scale up. AUM has increased nearly 5x YoY to Rs. 190 billion as of Dec’25, indicating strong execution despite a low base. Disbursement momentum is also robust, with quarterly disbursements at Rs. 86 billion, reflecting continued traction. Importantly, asset quality remains strong, with negligible delinquencies so far, and credit costs expected to remain contained at 0.4-0.6% of AUM.

— Abhinav Tiwari, Research Analyst at Bonanza

According to MOSL, commentary on NBFC growth outlook and progress in other businesses to be key monitorable.

Jio Payments Bank Limited (JPBL), a wholly-owned subsidiary of Jio Financial Services Limited has introduced UPI-based cash withdrawal through its Business Correspondent (BC) touchpoints.

MOSL expects NII growth of 61% year-on-year to ₹423.3 crore in Q4FY26, driven by strong AUM growth in Jio Credit. The figure stood at ₹2,681 crore in the same period last year.

Think of Jio Financial Services (JFS) like a giant startup rather than an old-school bank. Even though they are announcing their Q4 results, you shouldn't judge them just by their profits. Right now, they are in "building mode." They are spending a lot of money to set up their digital lending and payment systems. Because of this high spending, their profit might look a bit low or flat, but what really matters is how many new customers they are getting and how many loans they are giving out.

— Vinit Bolinjkar, Ventura

From an investment standpoint, Jio Financial is not a near term earnings play. The stock is unlikely to see a sharp re rating purely based on Q4 results. However, the longer term growth visibility remains strong.

In summary, the story is less about near term QoQ earnings momentum and more about building a large, integrated financial services platform. Investors in Jio Financial are effectively positioning for future profitability, where improving ROE, rising margins, and cross-sell across its ecosystem could drive meaningful value creation over time.

— Abhinav Tiwari, Research Analyst at Bonanza

MOSL expects Jio Financial to deliver an AUM growth of 145% YoY in FY26 in its lending business. Operational metrics across all its businesses (particularly in Jio Credit) will improve, it said. We estimate consolidated PAT to grow 30% YoY to ₹4.1 billion.

Before this, Jio Financial Services had announced a dividend only once. It amounted to just ₹0.5 per share. The record date for the said dividend was 11 August. According to Trendlyne data, Jio Financial Services dividend yield is 0.21%.

Jio Financial Services share price ended 1.51% higher at ₹244.95 on the BSE today ahead of the Q4 results announcement. Meanwhile, on NSE, the Reliance group stock closed at ₹244.80, up 1.46%.

If you are hoping for a big dividend (a cash payout to shareholders), don't get your hopes up. Since JFS is growing so fast, they prefer to keep their cash and reinvest it into the business. If they pay anything at all, it will likely be a very small "thank you" amount, not a big check.

Vinit Bolinjakr, Ventura

Jio Financial shares have remained on the backfoot so far this year, with an 18% decline on a YTD basis as against a 7% fall seen in the benchmark Nifty 50 index. In the last one year, too, it has underperformed Nifty as it has shed 1.5% as against a rise of 2% in the index.

Motilal Oswal Financial Services recently added Jio Financial Services (JIOFS) to its model portfolio as the brokerage believes it presents a platform-scale opportunity.

“Jio Financial Services is building a full-stack, ecosystem-led financial services platform with multiple growth engines. On the other hand, payments, AMC, and insurance provide significant optionality,” it said.

Jio Financial Services is hoping to start general and life insurance businesses this year, a top company official has said.

The financial services company does not have any immediate plan to get into the unsecured and consumer durable lending businesses.

"We hope to start insurance manufacturing in 2026, subject to regulatory approvals," its chief executive and managing director Hitesh Sethia told PTI recently.

Buying the stock right before the earnings report is a bit of a gamble. The stock price usually moves based on what the bosses say about the future, not just the current numbers. If their plans don't sound exciting enough, the stock could drop quickly. It’s often better to wait, read the news after the results are out, and see if the company's long-term plan still looks solid before putting your money in.

— Vinit Bolinjkar - Head of Research - Ventura

For Q4FY26, expectations should remain realistic. The company is likely to report strong YoY growth in AUM and operating metrics, but profitability may remain relatively muted on a QoQ basis due to continued investments. Net interest income is expected to improve in line with balance sheet growth. As a result, earnings growth may lag business growth in the near term. Overall, Q4 should reflect steady execution with improving scale, stable margins, and low credit costs, rather than a breakout earnings quarter.

— Abhinav Tiwari, Research Analyst at Bonanza

Jio Financial shares traded on a flat-to-positive note on BSE ahead of the Q4 results announcement later today, 17 April. The stock rose less than 1% to ₹243.65 today.

Jio Financial said that a board meeting is scheduled to be held on Friday, April 17, 2026, inter alia, to:Saloni Goel has over nine years of experience as a business journalist, with a strong track record of covering the financial markets. Over the course of her career, she has reported extensively on global and domestic equities, IPO market activity, commodities, and broader macroeconomic trends. Her reporting reflects a keen eye for detail, data-driven analysis, and the ability to spot emerging themes early.

At Mint, Saloni has been part of the markets team for nearly two years, where she currently works as Chief Content Producer. In this role, she plays a key part in shaping market coverage, driving editorial strategy, and ensuring timely, accurate, and insightful reporting across. She has been closely involved in breaking news coverage and in crafting stories that help decode the complex financial developments.

Before joining Mint, Saloni worked with some of India’s leading business newsrooms, including The Economic Times and Business Standard. Throughout her career, she has worn multiple hats—ranging from reporting and editing to contributing in-depth features and identifying new storytelling formats and market trends.

Her experience in fast-paced digital newsrooms has given her an edge in simplifying complex market concepts without losing analytical depth. Outside of work, Saloni enjoys reading books and spending time with her pet.

Catch all the Business News , Market News , Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.

Download the Mint app and read premium stories

Log in to our website to save your bookmarks. It'll just take a moment.

Oops! Looks like you have exceeded the limit to bookmark the image. Remove some to bookmark this image.