JIOFIN · Financial Services
Jio Financial Services Ltd. reported total income of ₹1,699 cr for July to September 2026, +73.2% on the year and −15.2% on the quarter. That is faster than this quarter has grown in recent years (+27.7% on average), so the year-on-year number is not just the season. Over the last four quarters income comes to ₹5,623 cr, +122.8% on the four before.
Net profit was ₹340 cr, −51.1% on the year and −59.0% on the quarter, with earnings per share of ₹0.52. The tax rate was 30% against an average of 19% over the previous 8 quarters, which weighed on profit this quarter. Profit over the last four quarters totals ₹1,711 cr, +4.9% on the four before.
Of the 84 companies in NBFCs and housing finance that have reported Q2 FY27 so far, Jio Financial Services Ltd. ranks 82nd on profit growth; the sector median is +25.2%.
Jio Financial Services Ltd. is a Nifty 50 company. Of the 47 Nifty 50 companies reported so far, the median profit growth is +21.2%; Jio Financial Services Ltd.'s −51.1% puts it below that.
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 filed with this quarter, 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), Net interest income against profit (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.
This quarter's filing carries a balance sheet and a cash flow statement. The cash, receivables and borrowing checks run once the filing read is in.
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.
| Q3 FY24 | Q4 FY24 | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 | Q2 FY27 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total income | ₹414 cr | ₹418 cr | ₹418 cr | ₹694 cr | ₹438 cr | ₹493 cr | ₹612 cr | ₹981 cr | ₹901 cr | ₹1,019 cr | ₹2,004 cr | ₹1,699 cr |
| YoY | — | — | +1% | +14% | +6% | +18% | +46% | +41% | +106% | +107% | +227% | +73% |
| Exceptional items | — | — | — | — | — | — | — | — | — | — | — | — |
| Tax rate | 23% | 21% | 22% | 11% | 22% | 20% | 23% | 11% | 28% | 20% | 14% | 30% |
| Net profit | ₹294 cr | ₹311 cr | ₹313 cr | ₹689 cr | ₹295 cr | ₹316 cr | ₹325 cr | ₹695 cr | ₹269 cr | ₹272 cr | ₹830 cr | ₹340 cr |
| YoY | — | — | −6% | +3% | +0% | +2% | +4% | +1% | −9% | −14% | +155% | −51% |
| EPS | ₹0.46 | ₹0.49 | ₹0.49 | ₹1.08 | ₹0.46 | ₹0.50 | ₹0.51 | ₹1.09 | ₹0.42 | ₹0.43 | ₹1.26 | ₹0.52 |
| 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 ₹1,699 cr (+73.2% on the year) and net profit of ₹340 cr (−51.1% on the year) for July to September 2026.
None of the 2 checks that could run raised a question.
No. FinMinutes reports what was filed and the questions the numbers raise. It does not recommend buying, selling or holding any security.
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.