Jio Financial Services (JFSL), the financial arm of Reliance Industries, announced its financial performance for the March quarter and FY26 today after market hours, reporting a consolidated net profit of ₹272 crore, down 14% from ₹316 crore in the same period last year.
The company, which operates across investing and financing, insurance broking, payment banking, payment aggregator/gateway services, and asset management, saw its revenue rise to ₹1,018.51 crore from ₹493.24 crore in the fourth quarter of the previous fiscal year.
Despite a sharp jump in revenue, higher finance costs, which rose to ₹298 crore from ₹7.65 crore in Q4FY25, have severely impacted the company’s bottom-line performance. The higher costs have pushed the company’s operating expenses to ₹720 crore, a sharp increase from ₹168.66 crore in the corresponding quarter of last year.
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