Jio Financial Services Q2 Net Profit Falls 51 Per Cent To ₹340 Crore As Expenses Rise
Jio Financial Services reported a 51 per cent year-on-year decline in consolidated net profit to Rs 340.44 crore in Q2 FY27, as expenses rose to Rs 1,166 crore. Total income increased 70 per cent to Rs 1,699.41 crore, while interest income climbed to Rs 1,257.68 crore.
Jio Financial Services reports lower September-quarter earnings despite higher income and interest revenue | AI Generated Image
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, compared with Rs 1,002.40 crore in the corresponding quarter of the previous financial year, according to a regulatory filing.
Interest income increased to Rs 1,257.68 crore in the July-September quarter from Rs 392.37 crore in the year-ago period.
Expenses More Than Double
The company’s total expenses rose to Rs 1,166 crore during the quarter, compared with Rs 436.50 crore in the corresponding period of the previous financial year.
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Shares Close Marginally Higher
Shares of Jio Financial Services settled at Rs 218.75 on the BSE, up 0.09% from the previous close.
(Disclaimer: Except for the headline, this article has not been edited by FPJ's editorial team and is auto-generated from an agency feed.)
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