JIOFIN · Financial Services
Jio Financial Services Ltd. reported total income of ₹2,004 cr for April to June 2026, +227.5% on the year and +96.7% on the quarter. That is faster than this quarter has grown in recent years (+23.7% on average), so the year-on-year number is not just the season. It is the highest quarterly income in the last 12 quarters on record. Over the last four quarters income comes to ₹4,905 cr, +119.3% on the four before.
Net interest income, interest earned less interest paid, was ₹1,586 cr, +209.2% on the year and +120.0% on the quarter. For a lender this is the core earnings line: it shows whether the loan book and its pricing are growing faster than the cost of funds.
Net profit was ₹830 cr, +155.4% on the year and +205.1% on the quarter, with earnings per share of ₹1.26. The tax rate was 14% against an average of 20% over the previous 8 quarters, which lifted profit this quarter. Profit over the last four quarters totals ₹2,066 cr, +27.1% on the four before.
An NBFC's quarter turns on loan growth, its cost of borrowing and credit costs; profit can rise for a while simply because provisions fall. The quarterly statements do not carry AUM growth, stage 2 and 3 assets, credit cost and the cost of funds; those come with the filing read.
Written from the quarterly statements. The filing read adds the balance sheet and cash flow, the auditor's review, segment results, one-off items line by line and what management said on the call.
No check fired. That is a statement about the checks below, not a verdict on the company.
Could not run on this quarter: Exceptional items that recur, Auditor's review or audit report, IPO money used as stated, Related-party transactions, Exits, postponements, restatements, Promoter pledges and allotments, Earlier promises against delivery, When the results were filed, Asset quality (lenders), Net interest margin (lenders). Most need the filing read (balance sheet, cash flow, auditor, disclosures).
Net profit a year ago, each driver's change, and net profit now. Blue added profit, red took it away.
Lenders are read on NIM, asset quality, provision cover and credit cost. Those come from the filing read, which is not in yet for this quarter, so margin, other-income and cash checks are withheld rather than shown on a template built for manufacturers.
| Q2 FY24 | Q3 FY24 | Q4 FY24 | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total income | ₹608 cr | ₹414 cr | ₹418 cr | ₹418 cr | ₹694 cr | ₹438 cr | ₹493 cr | ₹612 cr | ₹981 cr | ₹901 cr | ₹1,019 cr | ₹2,004 cr |
| YoY | — | — | — | +1% | +14% | +6% | +18% | +46% | +41% | +106% | +107% | +227% |
| Exceptional items | — | — | — | — | — | — | — | — | — | — | — | — |
| Tax rate | 11% | 23% | 21% | 22% | 11% | 22% | 20% | 23% | 11% | 28% | 20% | 14% |
| Net profit | ₹668 cr | ₹294 cr | ₹311 cr | ₹313 cr | ₹689 cr | ₹295 cr | ₹316 cr | ₹325 cr | ₹695 cr | ₹269 cr | ₹272 cr | ₹830 cr |
| YoY | — | — | — | −6% | +3% | +0% | +2% | +4% | +1% | −9% | −14% | +155% |
| EPS | ₹1.05 | ₹0.46 | ₹0.49 | ₹0.49 | ₹1.08 | ₹0.46 | ₹0.50 | ₹0.51 | ₹1.09 | ₹0.42 | ₹0.43 | ₹1.26 |
| Flags | · | · | · | · | · | · | · | · | · | · | · | · |
Each quarter is read with the same rules. Balance-sheet and cash checks run on half-year and annual quarters; filing-read checks run where a read exists.
Jio Financial Services Ltd. reported total income of ₹2,004 cr (+227.5% on the year) and net profit of ₹830 cr (+155.4% on the year) for April to June 2026.
None of the 3 checks that could run raised a question.
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Numbers as filed with the exchanges, read by rules. Every flag is a question with its source, not an accusation. FinMinutes is a financial data and analytics platform; nothing here is a recommendation to buy, sell or hold any security. How each check works.