Jio Financial Services has declared dividend despite decline in profit.
Mukesh Ambani’s Jio Financial Services may have seen a double digit decline in profits, but it has not disappointed its investors at all. The company has announced to give dividend to the investors. According to the information given by the company, due to higher expenses, its consolidated net profit declined by 14 percent to Rs 272 crore in the March quarter of 2025-26. Whereas the company had made a net profit of Rs 316 crore in the January-March quarter of 2024-25. Its total income almost doubled to Rs 1,020 crore in the January-March quarter of FY26, from Rs 518 crore in the same period of FY25.
Decrease in annual profit
Total expenses increased to Rs 720 crore during the quarter, from Rs 169 crore in Q4FY25. The company said in a statement that the volatility caused by geo politics had an impact on treasury income on its large capital base. For the full 2025-26 financial year, Jio Financial Services reported a net profit of Rs 1,561 crore, compared to Rs 1,613 crore in FY25. Jio Financial Services said the company’s performance this year marks a turning point for JFSL, reflecting a strong shift away from core operations towards sustained operational momentum across diverse businesses.
Announced dividend
The company announced a dividend of Rs 0.60 on every equity share of Rs 10 for the financial year ending March 31, 2026. The company has also approved the appointment of Annapurna Venkataramanan as Group Chief Financial Officer. This appointment will come into effect from May 11, 2026. On the performance of Jio Payments Bank, JFSL said its total income grew 11 times year-on-year to Rs 87 crore in Q4FY26. This also contributed to a 61 percent year-on-year increase in the CASA customer base to 3.7 million.
Deposit rate increased
In the fourth quarter of FY26, the average deposit per customer increased by 20 percent year-on-year to Rs 1,439. Toll processing operations of the Bank are now operational at 18 toll plazas in 8 states. Shares of Jio Financial Services closed at Rs 243.95, up 1.10 percent from the previous closing price on BSE. Whereas during the trading session the company’s share also reached the day’s high of Rs 245.45. Whereas in the month of August last year, the company’s shares had reached a 52-week high of Rs 338.45.
