Jio Financial Services Q2 Net Profit Falls 51 Per Cent To ₹340 Crore As Expenses Rise
New Delhi, October 15, 2026: Jio Financial Services Ltd on Thursday reported a 51% decline in consolidated net profit to Rs 340.44 crore for the September quarter of FY27, weighed down by higher expenses. The company had posted a net profit of Rs 695 crore in the year-ago period. Total Income Rises 70% The company’s total income rose around 70% to Rs 1,699.41 crore in the second quarter of FY27,…
Jio Financial Services reported a significant drop in its net profit for Q2 FY27, with the consolidated net profit falling by 51% to ₹340.44 crore, as per a regulatory filing. This decline is primarily due to a rise in expenses. In comparison to the same period last year, where the company had reported a net profit of ₹695 crore, the current figures show a sharp decline.
Despite this, total income for the same period saw a substantial increase of 70% to Rs 1,699.41 crore, as opposed to Rs 1,002.40 crore in the previous year. This rise was largely attributed to a surge in interest income, which climbed to Rs 1,257.68 crore this quarter from Rs 392.37 crore in the year-ago period. However, the company's total expenses more than doubled, reaching Rs 1,166 crore during the quarter, compared to Rs 436.50 crore in the same period last year.
Shares of Jio Financial Services closed at Rs 218.75 on the BSE, marking a marginal rise of 0.09% from the previous trading session.
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