Jio Financial Services Q2 Profit Halves to ₹340 Crore

15 Oct 2026, 6:46 pm · 4h ago · 1 min read · Inc42

Jio Financial Services reported a 51% year-on-year drop in consolidated net profit to ₹340.4 crore for the second quarter of FY27, down from ₹695 crore in Q2 FY26. Sequentially, profit declined 59% from ₹830.3 crore. The downturn was primarily caused by higher operational expenses and the complete absence of dividend income, compared to ₹269 crore earned in Q2 FY26. However, consolidated revenue from operations surged 73% year-on-year to ₹1,699.3 crore, compared to ₹981.4 crore in the year-ago period, reflecting steady top-line growth across its core financial and digital lending verticals.