Jio Financial Services stock: Q2 profit drops 51% as income rises
Published on 11/09/2026 at 10:50 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSQuarterly growth meets earnings pressure
- Consolidated September income rose year on year, while net profit declined.
- Higher interest expense and a negative share of associate results accompanied the weaker bottom line.
Jio Financial Services stock faces a mixed earnings picture after the company reported strong revenue growth but a weaker consolidated bottom line for the quarter ended September 30, 2026. Moneycontrol published the figures on November 6.
Income expands as profit contracts
Consolidated income from operations rose 73.15 percent year on year to Rs 1,699.28 crore, compared with Rs 981.39 crore a year earlier. The figure was below the Rs 2,004.47 crore reported for the June 2026 quarter.
Net profit after minority interest and associates fell 51.02 percent to Rs 340.44 crore from Rs 695.04 crore in the September 2025 quarter. Basic and diluted earnings per share declined to Rs 0.51 from Rs 1.10.
Cost structure remains central
The income statement showed interest expense of Rs 577.73 crore, up from Rs 135.82 crore a year earlier. The share of profit or loss from associates was negative at Rs 43.88 crore, compared with positive income of Rs 217.17 crore in the year-earlier period.
Reported EBITDA rose 58.2 percent to Rs 1,122.38 crore from Rs 709.47 crore. For investors, the contrasting figures leave the pace of income expansion and the conversion into consolidated earnings as key points for subsequent quarters.
Jio Financial Services quarterly figures
- Reporting period: Quarter ended September 30, 2026
- Consolidated income from operations: Rs 1,699.28 crore
- Year-on-year income change: Up 73.15 percent
- Consolidated net profit: Rs 340.44 crore
- Year-on-year net profit change: Down 51.02 percent
- Basic and diluted EPS: Rs 0.51
