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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 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.

More to come…

Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions.Vaamanaa covers business and stock market news. Started in 2020, she has been producing news on digital platforms for over 4.5 years now. She writes on markets, commodities, IPOs, and industry. She has worked for news channels like Jagran New Media and Business Insider India. You can reach out to her at vaamanaa.sethi@htdigital.in.

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