Jio Financial Services Ltd

The JV, covering the general insurance and health insurance segments, would serve the rapidly expanding Indian insurance sector. The partnership combines two financial services firms to offer protection products tailored to Indian individuals and businesses. Customers benefit from JFSL's digital reach and local market knowledge along with Allianz's insurance products and expertise. The JV will launch operations upon receipt of the necessary statutory and regulatory approvals. JFSL and Allianz are also working towards a separate binding agreement for life insurance business in India. Mukesh D. Ambani said: I am proud to partner with Allianz, one of the world's most respected insurance groups, across the insurance value chain as our exclusive insurance partner. I believe that the combination of Jio's unmatched digital consumer reach and Allianz's deep global insurance expertise is uniquely powerful. Jio Financial Services is a Core Investment Company (CIC), registered with the Reserve Bank of India. JFSL is a new-age institution, which operates a full-stack financial services business through customer-facing entities, including Jio Credit, Jio Insurance Broking, Jio Payment Solutions, Jio Leasing Services, Jio Finance Platform and Service, and Jio Payments Bank. Q4 FY26 results, net profit decline, revenue growth, AUM growth, Jio Payments Bank, Jio Credit, dividend announcement, CFO resignation, Reliance Group. The company reported 13.88% drop in consolidated net profit to Rs 272.22 crore despite 106.49% surge in revenue from operations to Rs 1018.51 crore in Q4 FY26 over Q4 FY25.

Jio Financial Services has allotted 25,00,00,000 equity shares to members of the promoter group of the company on conversion of warrants. Post allotment, the paid up equity share capital has increased to Rs. 6603,14,16,230/- (divided into 660,31,41,623 fully paid-up equity shares of face value of Rs. 10/- each). The total shareholding of the promoter and promoter group of the Company has increased from 47.12% to 49.13% of total paid-up equity share capital of the Company.

Profit before tax fell 14.47% YoY to Rs 338.53 crore in the quarter ended 31st March 2026. The company's consolidated pre-provision operating profit(PPOP) stood at Rs 327 crore in Q4 FY26. PPOP was impacted by the consolidation of JPBL's financials on a line-by-line basis as a 100% subsidiary with effect from 18 June 2025, continued investments in scaling growth companies and incubating businesses in nascent stages and geopolitics-led volatility impacted treasury income on a higher capital base. NBFC's Assets Under Management (AUM) stood at Rs 25,711 crore in Q4 FY26, up 156% YoY. Under Jio Payments Bank, total income increased stood at Rs 87 crore, up 11x YoY. Total deposits jumped 84% to Rs 544 crore in Q4 FY26, compared with Rs 295 crore in Q4 FY25. During the quarter, Jio Payment Solutions reported total payment value of Rs 15,000 crore in Q4 FY26 as against Rs 6,000 crore in Q4 FY25. Gross fee and commission income soared 378% from 18 crore in Q4 FY25 to Rs 84 crore in Q4 FY26. In Jio Credit segment, net interest income (NII) stood at Rs 202 crore for the quarter, up 149.38% YoY On an annual basis, the company's consolidated net profit fell 3.21% to Rs 1,560.90 crore in FY26 compared with Rs 1,612.59 crore in FY25. Revenue from operations jumped 71.97% YoY to Rs 3,513.26 crore in FY26. Meanwhile, the company's board recommended a final dividend of Rs 0.60 per equity share of face value Rs 10 each for financial year ended 31st March 2026. Further, the board accepted the request of Abhishek Haridas Pathak to step down from the position of group chief financial officer (CFO) effective from 20 April 2026. Jio Financial Services is a Core Investment Company (CIC), registered with the Reserve Bank of India. JFSL is a new-age institution, which operates a full-stack financial services business through customer-facing entities, including Jio Credit, Jio Insurance Broking, Jio Payment Solutions, Jio Leasing Services, Jio Finance Platform and Service, and Jio Payments Bank. Q4 FY26 results, net profit decline, revenue growth, AUM growth, Jio Payments Bank, Jio Credit, dividend announcement, CFO resignation, Reliance Group

Jio Financial Services announced that the Board of Directors of the Company at its meeting held on 17 April 2026, inter alia, have recommended the final dividend of Rs 0.6 per equity Share (i.e. 6%) , subject to the approval of the shareholders.

Jio Financial Services reported 13.88% drop in consolidated net profit to Rs 272.22 crore despite 106.49% surge in revenue from operations to Rs 1018.51 crore in Q4 FY26 over Q4 FY25. Profit before tax fell 14.47% YoY to Rs 338.53 crore in the quarter ended 31st March 2026. The company's consolidated pre-provision operating profit(PPOP) stood at Rs 327 crore in Q4 FY26. PPOP was impacted by the consolidation of JPBL's financials on a line-by-line basis as a 100% subsidiary with effect from 18 June 2025, continued investments in scaling growth companies and incubating businesses in nascent stages and geopolitics-led volatility impacted treasury income on a higher capital base. NBFC's Assets Under Management (AUM) stood at Rs 25,711 crore in Q4 FY26, up 156% YoY. Under Jio Payments Bank, total income increased stood at Rs 87 crore, up 11x YoY. Total deposits jumped 84% to Rs 544 crore in Q4 FY26, compared with Rs 295 crore in Q4 FY25. During the quarter, Jio Payment Solutions reported total payment value of Rs 15,000 crore in Q4 FY26 as against Rs 6,000 crore in Q4 FY25. Gross fee and commission income soared 378% from 18 crore in Q4 FY25 to Rs 84 crore in Q4 FY26. In Jio Credit segment, net interest income (NII) stood at Rs 202 crore for the quarter, up 149.38% YoY On an annual basis, the company's consolidated net profit fell 3.21% to Rs 1,560.90 crore in FY26 comapred with Rs 1,612.59 crore in FY25. Revenue from operations jumped 71.97% YoY to Rs 3,513.26 crore in FY26. Meanwhile, the company's board recommended a final diviedn of Rs 0.60 per equity share of face value Rs 10 each for financial year ended 31st March 2026. Further, the board accepted the request of Abhishek Haridas Pathak to step down from the position of group chief financial officer (CFO) effective from 20 April 2026. Jio Financial Services is a Core Investment Company (CIC), registered with the Reserve Bank of India. JFSL is a new-age institution, which operates a full-stack financial services business through customer-facing entities, including Jio Credit, Jio Insurance Broking, Jio Payment Solutions, Jio Leasing Services, Jio Finance Platform and Service, and Jio Payments Bank. The counter advanced 1.10% to settle at Rs 243.95 on the BSE.

Net profit of Jio Financial Services declined 13.88% to Rs 272.22 crore in the quarter ended March 2026 as against Rs 316.11 crore during the previous quarter ended March 2025. Sales rose 106.49% to Rs 1018.51 crore in the quarter ended March 2026 as against Rs 493.24 crore during the previous quarter ended March 2025. For the full year,net profit declined 3.21% to Rs 1560.90 crore in the year ended March 2026 as against Rs 1612.59 crore during the previous year ended March 2025. Sales rose 71.97% to Rs 3513.26 crore in the year ended March 2026 as against Rs 2042.91 crore during the previous year ended March 2025. ParticularsQuarter EndedYear EndedMar. 2026Mar. 2025% Var.Mar. 2026Mar. 2025% Var. Sales1018.51493.24 106 3513.262042.91 72 OPM %59.3668.52 -65.6075.79 - PBDT346.54401.57 -14 1912.531969.43 -3 PBT338.53395.81 -14 1883.091946.91 -3 NP272.22316.11 -14 1560.901612.59 -3 Powered by Capital Market - Live

The board of Jio Financial Services at its meeting held on 17 April 2026 has approved the following change in senior management: Accepted the cessation of Abhishek Haridas Pathak from the position of Group Chief Financial Officer with effect from 20 April 2026. Approved the appointment of Annapoorna Venkataramanan as a Group Chief Financial Officer of the Company, effective 11 May 2026.

Jio Financial Services will hold a meeting of the Board of Directors of the Company on 17 April 2026.

 Jio Payments Bank (JPBL), a wholly-owned subsidiary of Jio Financial Services has introduced UPI-based cash withdrawal through its Business Correspondent (BC) touchpoints, marking an important step towards strengthening India's digital payments ecosystem and advancing financial inclusion in the country. The feature enables customers, particularly in rural and semi-urban areas, to conveniently withdraw cash by simply scanning a UPI QR code and authorizing the transaction through their UPI application, eliminating the need for debit cards or access to traditional ATM infrastructure. By enabling cardless cash withdrawals at BC touchpoints, the initiative bridges the gap between digital payments and physical cash access, while providing first-time digital users with an assisted and secure way to experience UPI transactions.  Through this initiative, JPBL continues to leverage the digital payments infrastructure and its last-mile BC network to expand accessible banking services, strengthen UPI's reach among cash-dependent segments, and enhance financial inclusion across rural and semi-urban India.Powered by Capital Market - Live

The brokerage noted that Jio Financial Services is being architected as India's next-gen financial services platform aimed to operated across lending, payments, asset management, wealth management and insurance manufacturing and broking, and other digital financial services. It said Jio Financial Services leverages the ecosystem synergies, data, distribution and discipline for scalable finance. It also said Jio Financial's core investment thesis centres on its ecosystem-led operating advantage, leveraging Jio's subscriber base of over 500 million and the extensive retail footprint of the Reliance Group. It said that unlike traditional NBFCs that face high customer acquisition costs, Jio Fin benefits from a lower-cost entry into the daily digital lives of nearly half of India's population. The brokerage added that while its near-term profitability remains subdued because of the incubation phase of multiple businesses, the groundwork has been laid across technology, partnerships, and distribution positions for the company for scalable growth over the medium to long-term. The broker has projected Jio Financial Services' consolidated Profit After Tax (PAT) to grow at a Compounded Annual Growth Rate (CAGR) of 48% over financial year 2026-2028. Jio Financial Services is a Core Investment Company (CIC), registered with the Reserve Bank of India. JFSL is a new-age institution, which operates a full-stack financial services business through customer-facing entities, including Jio Credit, Jio Insurance Broking, Jio Payment Solutions, Jio Leasing Services, Jio Finance Platform and Service, and Jio Payments Bank. The company reported 8.8% decline in consolidated net profit to Rs 268.98 crore despite a 105.5% surge in total revenue from operations to Rs 900.90 crore in Q3 FY26 over Q3 FY25.Powered by Capital Market - Live