JIOFIN
Jio Financial Services share price & financials
- Price
- ₹242.98
- Market cap
- ₹1.6L Cr
- Sector
- Financial Services
- Calls analysed
- 9
Jio Financial Services Limited Q1 FY27
What went well
- Consolidated Total Income (ex-dividends) grew 141% YoY to ₹1,496 crores.
- Consolidated PAT increased 156% YoY and 205% QoQ to ₹830 crore.
- Jio Credit's Gross AUM surged 2.6x YoY to ₹30,667 crores, with disbursements over ₹11,000 crores.
What Jio Financial Services Limited does
Jio Financial Services is the financial-services arm demerged from Reliance Industries, operating a digital-first '360-degree' platform across four pillars — Borrow, Invest, Transact and Protect. It runs its businesses through subsidiaries and joint ventures: Jio Credit (NBFC lending), Jio Payments Bank, Jio Payment Solutions (merchant payments), Jio Insurance Broking, and JioBlackRock Asset Management. It earns primarily from net interest income on its loan book and fee/commission income from payments processing, insurance broking and asset management, distributed largely through the JioFinance and MyJio apps.
Segments
- Lending (Jio Credit Limited)
- Payments Bank (Jio Payments Bank Limited)
- Payment Solutions (Jio Payment Solutions Limited)
- Asset Management (JioBlackRock AMC)
- Insurance Broking (Jio Insurance Broking Limited)
- Customers reached across PIN codes of India
- 19,000+
- Unique users across all digital properties (Mar-26)
- 23 million
- JioFinance app downloads since launch
- 1.7 million
- Jio Payments Bank CASA customers
- 3.7 million
- Jio Payments Bank Business Correspondent touchpoints
- 378,568
- Jio Payments Bank footprint
- Operational across 8 states; 18 toll plazas
Guidance record · Q1 FY27
what the last two calls moved 13 tracked 5 delivered 2 missed 6 open- Specialized Investment Fund Approval delivered said Q3 FY26 Promised: Secure SEBI approval and launch Specialized Investment Fund. Q1 FY27: Successfully launched the Prism Specialized Investment Fund (SIF) and raised Rs 150 cr via an NFO.
- Business Income Share went quiet said Q1 FY26 Promised: Continued increase in business income share from 40%. Q1 FY27: The metric was not reported again this quarter, after being ghosted in Q4 FY26. The promise period (FY26) has passed.
- Jio Payments Bank Profitability on track said Q3 FY26 Promised: Pursue an accelerated path to profitability for Jio Payments Bank. Q1 FY27: Management reported that Jio Payments Bank achieved an operational turnaround and is now contributing positively to unit-level economics.
All 13 tracked — every revision, and every one management stopped mentioning.
Open the guidance ledgerQuarterly results
Q1 FY27: revenue up 227.5%, net profit up 155.4% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 694 | 438 | 493 | 612 | 981 +41% | 901 +106% | 1,019 +107% | 2,004 +227% |
| EBITDA | 553 | 313 | 338 | 457 | 688 +24% | 555 +77% | 605 +79% | 1,397 +206% |
| Net profit | 689 | 295 | 316 | 325 | 695 +1% | 269 −9% | 272 −14% | 830 +155% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance −25.9% 1Y
1Y: ₹310.05 on 10 Sept 2025 → ₹229.9. High ₹317.35 (18 Sept 2025), low ₹224.1 (30 Mar 2026).
How the price took the results
close before → close after
- Q1 FY27
- −0.4%
- 16 Jul
- Q4 FY26
- +4.3%
- 23 Apr
- Q3 FY26
- −2.9%
- 15 Jan
The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.
Financials, as filed
Revenue grew 37.7% a year over 2 years, FY24 to FY26. Operating margin narrowed to 65.6%.
| Year ending | FY24 | FY25 | FY26 |
|---|---|---|---|
| Revenue | ₹1.9k Cr | ₹2.0k Cr | ₹3.5k Cr |
| Operating profit | ₹1.6k Cr | ₹1.5k Cr | ₹2.3k Cr |
| Operating margin | 84.0% | 75.8% | 65.6% |
| Interest | ₹10 Cr | ₹8 Cr | ₹745 Cr |
| Depreciation | ₹20 Cr | ₹23 Cr | ₹30 Cr |
| Net profit | ₹1.6k Cr | ₹1.6k Cr | ₹1.6k Cr |
| Net margin | 86.6% | 79.0% | 44.4% |
| ROCE | 2.0% | 1.0% | 2.0% |
How to read this
From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.
Balance sheet
| Year ending | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Equity capital | ₹2 Cr | ₹6.4k Cr | ₹6.4k Cr | ₹6.4k Cr |
| Reserves | ₹114.1k Cr | ₹132.8k Cr | ₹128.4k Cr | ₹127.5k Cr |
| Borrowings | ₹743 Cr | ₹0 Cr | ₹10.5k Cr | ₹21.8k Cr |
| Other liabilities | ₹66 Cr | ₹5.7k Cr | ₹7.2k Cr | ₹7.8k Cr |
| Total liabilities | ₹114.9k Cr | ₹144.9k Cr | ₹152.5k Cr | ₹163.5k Cr |
| Fixed assets | ₹158 Cr | ₹172 Cr | ₹350 Cr | ₹326 Cr |
| Capital work in progress | ₹38 Cr | ₹3 Cr | ₹14 Cr | ₹105 Cr |
| Investments | ₹108.1k Cr | ₹133.3k Cr | ₹136.0k Cr | ₹133.1k Cr |
| Other assets | ₹6.6k Cr | ₹11.4k Cr | ₹16.1k Cr | ₹29.9k Cr |
| Total assets | ₹114.9k Cr | ₹144.9k Cr | ₹152.5k Cr | ₹163.5k Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Who owns it
As disclosed at Jun 2026
Since Jun 2025, promoters added +2.01 pp while DIIs trimmed −1.41 pp. The shareholder count shrank 3% to 49,65,496.
- Promoters
- 49.1%
- FIIs
- 11.3%
- DIIs
- 13.3%
- Government
- 0.2%
- Public
- 26.1%
Since Jun 2025
- Promoters +2.01 pp
- DIIs −1.41 pp
- FIIs −1.03 pp
How it drifted, 12 quarters
Over this window FIIs fell from 21.6% to 11.3% — −10.3 pp.
Ownership split by quarter, oldest first. Sep '23: Promoters 46.8%, FIIs 21.6%, DIIs 13.6%, Government 0.1%, Public 17.9%.Dec '23: Promoters 47.1%, FIIs 19.8%, DIIs 13.0%, Government 0.1%, Public 19.9%.Mar '24: Promoters 47.1%, FIIs 19.4%, DIIs 12.5%, Government 0.1%, Public 20.8%.Jun '24: Promoters 47.1%, FIIs 17.6%, DIIs 11.8%, Government 0.1%, Public 23.4%.Sep '24: Promoters 47.1%, FIIs 16.9%, DIIs 11.4%, Government 0.1%, Public 24.5%.Dec '24: Promoters 47.1%, FIIs 15.6%, DIIs 12.5%, Government 0.2%, Public 24.6%.Mar '25: Promoters 47.1%, FIIs 11.7%, DIIs 14.2%, Government 0.2%, Public 26.8%.Jun '25: Promoters 47.1%, FIIs 12.3%, DIIs 14.7%, Government 0.2%, Public 25.7%.Sep '25: Promoters 47.1%, FIIs 11.8%, DIIs 14.8%, Government 0.2%, Public 26.1%.Dec '25: Promoters 47.1%, FIIs 11.6%, DIIs 15.4%, Government 0.2%, Public 25.8%.Mar '26: Promoters 47.1%, FIIs 12.3%, DIIs 14.3%, Government 0.2%, Public 26.1%.Jun '26: Promoters 49.1%, FIIs 11.3%, DIIs 13.3%, Government 0.2%, Public 26.1%.
Who bought this quarter
since Mar 2026
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
- Sikka Ports & Terminals Limited +1.85 pp 2.93% held
- Jamnagar Utilities and Power Private Limited +1.82 pp 3.84% held
- Life Insurance Corporation Of India Insurer +0.09 pp 6.87% held
The same filing shows 7 holders trimming and 0 off the list — both are in the register beside this.
Who is on the register
Named in the Jun 2026 filing
Every holder of Jio Financial Services Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| Srichakra Commercials LLP | 11.20% | −0.44 pp |
| Karuna Commercials LLP | 8.26% | −0.33 pp |
| Tattvam Enterprises LLP | 8.26% | −0.33 pp |
| Devarshi Commercials LLP | 8.26% | −0.33 pp |
| Life Insurance Corporation Of India Insurer | 6.87% | +0.09 pp |
| Jamnagar Utilities and Power Private Limited | 3.84% | +1.82 pp |
| Sikka Ports & Terminals Limited | 2.93% | +1.85 pp |
| Reliance Industries Holding Private Ltd | 2.89% | −0.12 pp |
| Samarjit Enterprises LLP | 1.89% | −0.07 pp |
| SBI Mutual Funds Mutual fund | 1.26% | −0.06 pp |
| K D Ambani | 0.24% | unchanged |
| Shrikrishna Tradecom LLP | 0.22% | unchanged |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
Mutual funds in JIOFIN
Filings to Aug 2026
0 new, 9 added, 7 trimmed, 0 sold out — net −49.38 L shares (−3.4%).
- Held by funds
- ₹3.4k Cr
- 21 schemes
- Biggest holder
- SBI Nifty 50 ETF
- ₹1.5k Cr · 0.7% of that fund
| Scheme | Holding | Last month | Held since |
|---|---|---|---|
| SBI Nifty 50 ETF SBI Mutual Fund | ₹1.5k Cr | +3.35 L | Mar '25 |
| Nippon India ETF Nifty 50 BeES Nippon India Mutual Fund | ₹482 Cr | +4.01 L | Mar '25 |
| SBI Arbitrage Fund SBI Mutual Fund | ₹368 Cr | −17.20 L | Nov '24 |
| Nippon India Small Cap Fund Nippon India Mutual Fund | ₹349 Cr | held | Jul '26 |
| Nippon India Arbitrage Fund Nippon India Mutual Fund | ₹197 Cr | −12.67 L | Nov '24 |
| Nippon India ELSS Tax Saver Fund Nippon India Mutual Fund | ₹130 Cr | held | Jul '23 |
| HDFC Balanced Advantage Fund HDFC Mutual Fund | ₹128 Cr | held | Jul '23 |
| SBI Nifty Index Fund SBI Mutual Fund | ₹100 Cr | +0.14 L | Mar '25 |
HDFC, Nippon India and SBI schemes, from their monthly disclosures. Changes are counted in shares, so a price move never looks like buying or selling.
Mutual funds Aug 2026
9 added, 7 trimmed — net −49.38 L shares (−3.4%)
- Funds are sitting on
- -0%
- vs est. average cost
- Held by funds
- ₹3.4k Cr
- 21 schemes · ≈ 2.2% of the company
- Biggest holder
- SBI Nifty 50 ETF
- ₹1.5k Cr · 0.7% of that fund
- Longest holder
- Nippon India ELSS Tax Saver Fund
- 3y 2m · since Jul '23
Shares held by these funds +8%
Aug '23 14.45 cr shares Jul '26
All earnings calls (8)
Read the Q1 FY27 call →Learn to analyse Jio Financial Services Limited
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