Jio Financial Services’ net profit for the quarter ending March 31, 2026 (Q4 FY26) declined 14% to ₹272.2 Cr from ₹316.1 Cr in the year ago period. On a sequential basis, PAT increased 1% from ₹269 Cr. JFS’ top line for the quarter under review more than doubled YoY.

Operating revenue zoomed 107% YoY and 13% QoQ to ₹1,018.5 Cr. Including other income of ₹1.18 Cr, its total income stood at ₹1,019.7 Cr in the quarter under review. Meanwhile, total expenses surged 327% YoY to ₹720 Cr, largely on account of a sharp rise in finance costs, employee expenses and other operational spends.

Finance costs alone jumped to ₹298.1 Cr from just ₹7.6 Cr a year ago, while employee benefit expenses rose to ₹129 Cr from ₹54.7 Cr. Breaking down revenue, interest income came in at ₹642.5 Cr, more than doubling from ₹275.7 Cr last year, while fees, commission and services income rose sharply to ₹221.4 Cr from ₹39.4 Cr. On the profitability front, profit before tax stood at ₹338.5 Cr, down 15% from ₹395.8 Cr in the year-ago period.

The company also booked a share of profit of ₹38.8 Cr from associates and joint ventures during the quarter. JFS’ total operating revenue for FY26 stood at ₹3,513.3 Cr, up 72% from ₹2,042.9 Cr in the previous fiscal. Meanwhile, its consolidated total income for FY26 stood at ₹3,274 Cr, up 78% YoY.

For the full year, net income from business operations rose 4X YoY to ₹1,390 Cr while net profit declined 3% YoY to ₹1,560.9 Cr. Alongside disclosing its Q4 financials, it also announced a key management change. JFS’ Group CFO Abhishek Pathak is set to step down and ArcelorMittal Nippon Steel India’s chief treasury Annapoorna Venkataramanan is set to take over the role from May 11, 2026. Besides, the board has also recommended a dividend of ₹0.60 per equity share for FY26, subject to shareholder approval.