Shares of Jio Financial Services fell nearly 4% on April 20 after the company reported weaker fourth-quarter earnings. The stock dropped to an intraday low of ₹234.50 before recovering slightly.
The company posted a consolidated net profit of ₹272 crore for the March quarter, down around 14% from ₹316 crore a year earlier. The decline in profit came mainly due to higher expenses and lower treasury income.
Despite the fall in earnings, revenue showed strong growth. Total income rose to ₹1,020 crore, almost double from ₹518 crore in the same quarter last year. However, total expenses also increased sharply as the company continued investing in business expansion.
For the full financial year FY26, Jio Financial reported a net profit of ₹1,561 crore, slightly lower than the previous year.
The company’s lending business continued to grow strongly. Assets under management (AUM) increased 35% quarter-on-quarter to ₹25,700 crore. Its customer base also expanded to 23 million users.
Jio Financial’s asset management joint venture with BlackRock also saw steady traction, with average assets under management reaching ₹16,700 crore.
The board has recommended a final dividend of ₹0.60 per share for FY26.
Brokerage firm Jefferies remained positive on the company’s long-term prospects, saying Jio Financial is steadily building its financial services platform. Analysts believe short-term profit pressure may continue, but growth in lending, payments, insurance, and wealth management could support future earnings.
Also Read: Gold drops to ₹1.53 lakh, Silver slides ₹2,300/kg