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Jio Financial Services Limited · Research view

Jio Financial Services Limited

NSE: JIOFINBSE: 543940ISIN INE758E01017Face value ₹10consolidated
₹212
−2.71% · 2026-10-01 · 52-wk ₹212–₹315
Financials to FY2026 · 3 years of history · prices to 2026-10-01consolidatedstandalone
Section 02 · Synthesis

What stands out?

The strongest observations the engine found, ranked. Every line is generated from the filed numbers by a fixed rule — no opinion, no estimate.

StrengthConcernWatchContext
WatchTalking point

Profit lagging revenue

Revenue grew 72.0% but profit declined 3.2%, so the company kept less of each rupee of revenue as profit.

Revenue growth+72.0%Net profit growth−3.2%

Importance 74 / 95 · growth

WatchTalking point

Premium valuation, soft growth

The P/E of 65.18× is above the investment company median (44.19×) while profit declined 3.2% last year.

Importance 62 / 95 · valuation

Concern

Less profitable than peers

ROE of 1.2% is below the investment company median of 6.2%.

Importance 57 / 95 · profitability

Section 03 · The company

Who is this company?

Classified by the exchange under Financial Services › Financial Services › Finance › Investment Company.

Market cap
₹1.35 L cr
FY2026 revenue
₹3,513 cr
FY2026 net profit
₹1,561 cr
Net worth
₹1,33,854 cr
Total debt
—net cash
EPS (basic)
₹2.41
Listed
NSE · BSE
Reporting
Ind-AS (NBFC)Apr–Mar

Peer set used on this page: 2 investment company.

Section 04 · Business performance

Is the business growing?

Revenue & net profit — FY24 to FY26₹ crore · consolidated
₹'000 cr01234012REVENUENET PROFIT2k1,605FY242k1,613FY254k1,561FY26
RevenueNet profit
Watch

Revenue grew 72.0% but profit declined 3.2%, so the company kept less of each rupee of revenue as profit.

Rule PROFIT_SLOWER_THAN_REVENUE

Revenue growth per year
+37.7%over 2 years
Revenue growth
+72.0%vs last year
Net profit growth
−3.2%vs last year
Change in net profit since FY24
−3%

Revenue grew 72.0% year on year (FY2025 → FY2026).

Section 05 · Recent activity

What changed recently?

Quarterly results, the trailing-twelve-months snapshot, and verified corporate actions — kept separate from each other and from the annual story above. Every figure traces to a filed number; nothing here is external news or commentary.

Strength

Q1 FY27 revenue was ₹2,004 cr, up 227.3% from ₹612 cr in Q1 FY26 a year earlier.

Rule QTR_REVENUE_GROWTH_YOY

Strength

Q1 FY27 net profit was ₹830 cr, up 155.7% from ₹325 cr a year earlier.

Rule QTR_PROFIT_GROWTH_YOY

Strength

Q1 FY27 net profit grew 155.7% vs the same quarter last year, reversing the decline seen in the two preceding quarters (−8.8% and −13.9%).

Rule QTR_TREND_REVERSAL

A. Quarterly results

Latest quarters — Q2 '25 to Q1 '27₹ crore · consolidated
₹'000 cr01223001REVENUENET PROFIT694689Q2 '25438295Q3 '25493316Q4 '25612325Q1 '26981695Q2 '26901269Q3 '261k272Q4 '262k830Q1 '27
RevenueNet profit
QuarterRevenueYoYNet profitYoYNet margin
Q2 FY25694—689—99.4%
Q3 FY25438+6.0%295+0.3%67.2%
Q4 FY25493+18.0%316+1.8%64.1%
Q1 FY26612+46.6%325+3.8%53.0%
Q2 FY26981+41.5%695+0.9%70.8%
Q3 FY26901+105.5%269−8.8%29.9%
Q4 FY261,019+106.5%272−13.9%26.7%
Q1 FY272,004+227.3%830+155.7%41.4%

B. TTM snapshot

Trailing twelve months to 30 Jun 2026 · sum of the last 4 contiguous quarters

Revenue
₹4,905 crTTM
EBITDA
₹3,287 crTTM
EBIT
₹3,254 crTTM
PBT
₹2,189 crTTM
Net profit
₹2,066 crTTM

C. Corporate actions

10 Aug 2026DividendFinal Dividend - Rs. - 0.6000 — ₹0.60/share
11 Aug 2025DividendFinal Dividend - Rs. - 0.5000 — ₹0.50/share
Section 06 · Business performance

Is it becoming more profitable?

Margins — FY24 to FY26% of revenue · consolidated
0%5%10%15%20%25%30%35%40%45%50%55%60%65%70%75%80%85%90%66.4%44.1%FY24FY25FY26
EBITDA marginNet margin
Concern

ROE of 1.2% is below the investment company median of 6.2%.

Rule ROE_BELOW_PEER_MEDIAN

EBITDA margin now
66.4%
3-year range
66.4–84.1%
ROE FY2026
1.2%
ROCE FY2026
—
Section 07 · Financial health

Is financial health improving?

Net worth — FY24 to FY26₹ crore · consolidated
₹'000 cr0671332001.39LFY241.23LFY251.34LFY26
Net worth (shareholders' funds)

Leverage and cash generation over the loaded history are shown above.

Operating cash flow vs net profit₹ crore · FY24–FY26
0k1k1k2k-6782kFY24-10k2kFY25-15k2kFY26
Operating cash flowNet profit
Total debt
—
Operating cash flow ÷ net profit
-9.89×FY2026
Free cash flow
₹−15,544 cr
Current ratio
—
Section 08 · Relative position

How does it compare with peers?

Ranked against 2 investment company (FY2026, consolidated).

Not enough peers in this set report the underlying metrics yet for a ranking.

Watch

The P/E of 65.18× is above the investment company median (44.19×) while profit declined 3.2% last year.

Rule PRICED_FOR_GROWTH

P / E
65.2×TTM to Jun 26
P / B
1.0×latest book
P / S
27.5×TTM sales
Earnings yield
1.5%TTM to Jun 26

On the trailing twelve months. Last full year: P/E 86.3× · P/S 38.0× · ROE 1.2%. TTM and full-year profit and revenue and EBITDA differ by more than 15% — a one-off in a recent quarter is moving the trailing figure; weigh it against the full year.

Section 09 · The stock

How has the stock performed?

Adjusted close — 2023-09 to 2026-10₹ per share · split / bonus adjusted
0k₹2122023202420252026

Long-term price performance is shown above.

1-year return
−29.3%
3-year return
−8.3%
5-year return
—
From 52-wk high
−32.7%
Section 10 · Technical data

What does the technical data say?

Price-action indicators as of 2026-10-01. Secondary to the fundamentals above — included for timing context, not as a signal.

vs 50-day avg
Below₹240
vs 200-day avg
Below₹251
RSI (14)
20.5oversold
MACD histogram
-1.5
From 52-wk high
−32.7%
From 52-wk low
0.0%
30-day volatility
16.9%ann.
6-month return
−8.9%
RSI (14) · 0–10020.5 — oversold
0305070100OVERSOLDOVERBOUGHT20.5
Section 11 · Open questions

What should I investigate further?

Observations the engine tagged watch or deteriorating — prompts for your own research, not conclusions.

  • Watch
    Profit lagging revenue
    Revenue grew 72.0% but profit declined 3.2%, so the company kept less of each rupee of revenue as profit.
    PROFIT_SLOWER_THAN_REVENUE · conviction 74
  • Watch
    Premium valuation, soft growth
    The P/E of 65.18× is above the investment company median (44.19×) while profit declined 3.2% last year.
    PRICED_FOR_GROWTH · conviction 62
  • Concern
    Less profitable than peers
    ROE of 1.2% is below the investment company median of 6.2%.
    ROE_BELOW_PEER_MEDIAN · conviction 57
  • Only 3 annual year(s) of financials loaded — multi-year trend analysis is limited.
Section 12 · Reference

The numbers

The full statements, kept deliberately secondary. Every figure traces to a BSE Integrated Filing (inline XBRL); ratios are recomputed from the normalised facts.

Income & balance sheet — ₹ crore, consolidated
MetricFY24FY25FY26
Revenue1,8542,0433,513
Total income1,8552,0793,543
EBITDA1,5591,5842,334
Profit before tax1,5271,5541,588
Net profit1,6051,6131,561
EPS (₹)2.52.52.4
Net worth1,39,1481,23,4971,33,854
Operating cash flow−678−10,083−15,439
Free cash flow−678−10,125−15,544
Key ratios — consolidated
RatioFY24FY25FY26
Growth
Revenue growth YoY—10.272.0
Profit growth YoY—0.5-3.2
Profitability
EBITDA margin %84.177.566.4
Net margin %86.577.644.1
Return on equity %1.21.21.2
Return on capital %———
Leverage & cash
Debt to equity———
Cash flow ÷ profit-0.42-6.25-9.89
Current ratio———
Financials: BSE Integrated Filing inline XBRL (SEBI taxonomy), normalised to standard metric keys. Prices: NSE end-of-day, raw OHLC preserved; a corporate-action factor produces the adjusted series. The insight engine writes factual observations from fixed rules — it does not make recommendations. Not investment advice.