Jio Financial Services' Q2 FY 2025-26 Quarterly Results

Result Summary

• Jio Financial Services Ltd reported a 61.8% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter-ended Sep (Q2 FY 2025-26). On a year-on-year (YoY) basis, it witnessed a growth of 44.5%.
• Its expenses for the quarter were up by 66.9% QoQ and 197.4% YoY.
• The net profit increased 114.1% QoQ and increased 0.9% YoY.
• The earnings per share (EPS) of Jio Financial Services Ltd stood at 1.1 during Q2 FY 2025-26.

Financial Statments for Q2 FY 2025-26

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Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results

Company Overview

Jio Financial Services Ltd is a company primarily engaged in the financial services sector. It is a subsidiary of Reliance Industries, one of India's largest conglomerates. The company's focus is on delivering digital financial solutions, leveraging the technological capabilities and extensive customer base of its parent company. Jio Financial Services is known for its involvement in various financial offerings, including digital payments, lending, and insurance services. As of the latest data, there are no specific details available on any recent major developments for the company.

Revenue

In the second quarter of the fiscal year 2026 (Q2FY26), Jio Financial Services Ltd reported a total income of ₹1002.40 crores. This marks a quarter-over-quarter (QoQ) increase of 61.8% compared to ₹619.46 crores in the first quarter of fiscal year 2026 (Q1FY26). Year-over-year (YoY), the total income rose by 44.5% from ₹693.85 crores in the second quarter of fiscal year 2025 (Q2FY25). The significant increase in total income both on a QoQ and YoY basis reflects strong revenue growth during this period.

Profitability

For Q2FY26, the company reported a profit before tax (PBT) of ₹565.90 crores, which is a 46.0% increase QoQ from ₹387.52 crores in Q1FY26. The YoY increase in PBT is 3.3% from ₹547.78 crores in Q2FY25. The tax expense for Q2FY26 was ₹88.03 crores, showing a decrease of 6.7% QoQ from ₹94.31 crores in Q1FY26 and a 4.3% increase YoY from ₹84.42 crores in Q2FY25. The profit after tax (PAT) for Q2FY26 was ₹695.04 crores, which is a significant increase of 114.1% QoQ from ₹324.66 crores in Q1FY26 and a slight increase of 0.9% YoY from ₹689.07 crores in Q2FY25. Earnings per share (EPS) for Q2FY26 stood at ₹1.10, reflecting a 115.7% increase QoQ from ₹0.51 in Q1FY26 and a 0.9% increase YoY from ₹1.09 in Q2FY25.

Operating Metrics

Total expenses for Jio Financial Services Ltd in Q2FY26 were ₹423.26 crores, marking a QoQ increase of 66.9% from ₹253.54 crores in Q1FY26. The YoY comparison shows a substantial increase of 197.4% from ₹142.31 crores in Q2FY25. This indicates that while the company's expenses have risen significantly, the overall revenue and profitability have also shown strong growth. The increase in expenses may be attributed to the company's operational expansion or increased cost of services. The company's operational efficiency can be evaluated through these metrics, reflecting how it manages its cost base in relation to its revenue growth.