Jio Financial Services Profit Halves to ₹340 Cr Year-on-Year

Jio Financial Services' consolidated net profit fell 51% to ₹340.4 crore in the second quarter of the financial year ending March 2027, down from ₹695 crore in the same period last year. The company's operating revenue increased by 73% to ₹1,699.3 crore during the quarter.

The profit decline was attributed to increased operating expenses and the absence of dividend income, which stood at ₹269 crore in the prior year's second quarter. The company did not report any comparable dividend income for the current period.

On a sequential basis, net profit decreased by 59% from ₹830.3 crore in the previous quarter, while operating revenue declined 15.2% to ₹2,004.5 crore.

Jio Financial Services has not provided forward-looking guidance alongside its financial results.