Jio Financial Services Limited

Jio Financial Services Limited (JIOFIN) is a large-cap Financial Services company valued at ₹1.43 lakh crore operating in Investment Company on the NSE and BSE.

Recent price move

Jio Financial Services Limited last traded at ₹216.25, modestly down 1.26% on the day.

Recent developments

On 2026-10-16, the company's stock fell after reporting a 51% drop in second-quarter net profit. On 2026-09-30, the company acquired a stake in Jio Allianz General Insurance Limited, a joint venture with Allianz Europe B.V. On 2026-09-27, the company reported a 156% rise in Q1FY27 net profit compared to the same quarter a year earlier.

Financial performance

The company's business has grown significantly, with annual revenue rising 72.0% year-over-year. However, net profit declined slightly by -3.2% in the same period. The latest quarter saw revenue increase by 73.2% compared to the same quarter a year earlier, but net profit fell by -51.0%, indicating a widening gap between revenue growth and profitability. The net profit margin dropped sharply to 44.4% from 78.9% a year ago, and returns remain low, with return on equity at 1.2% and return on capital employed at 1.7%.

Valuation multiples

The stock trades at 89.7 times earnings, a premium to the Financial Services median of 19.3, 1.11 times book value. It yields 0.3%.

Things to watch

The company's net profit margin has fallen by 34.5 percentage points, and net profit declined by -51.0% in the latest quarter. The stock is 31.8% below its 52-week high, and promoter holdings increased by 2.01 percentage points, while foreign institutional holdings decreased by 1.04 percentage points.

Where it stands

The company has seen strong revenue growth, but profitability has lagged, with net profit falling in the latest quarter. The stock is trading below its 52-week high, and the net profit margin has dropped significantly. The most notable movement is the 51% drop in second-quarter net profit, which highlights the challenge of maintaining profitability amid rapid revenue growth.

Summarised by DocStoX's model on 2026-10-17 from company filings, exchange data and news. This is a factual summary, not a rating or a recommendation. Informational only, not investment advice. Consult a SEBI-registered adviser before investing.