Jio Financial Services Ltd Share Price – NSE  / BSE

Finance, Mid Cap

The brokerage noted that Jio Financial Services is being architected as India's next-gen financial services platform aimed to operated across lending, payments, asset management, wealth management and insurance manufacturing and broking, and other digital financial services. It said Jio Financial Services leverages the ecosystem synergies, data, distribution and discipline for scalable finance.

It also said Jio Financial's core investment thesis centres on its ecosystem-led operating advantage, leveraging Jio's subscriber base of over 500 million and the extensive retail footprint of the Reliance Group. It said that unlike traditional NBFCs that face high customer acquisition costs, Jio Fin benefits from a lower-cost entry into the daily digital lives of nearly half of India's population.

The brokerage added that while its near-term profitability remains subdued because of the incubation phase of multiple businesses, the groundwork has been laid across technology, partnerships, and distribution positions for the company for scalable growth over the medium to long-term.

The broker has projected Jio Financial Services' consolidated Profit After Tax (PAT) to grow at a Compounded Annual Growth Rate (CAGR) of 48% over financial year 2026-2028.

Jio Financial Services is a Core Investment Company (CIC), registered with the Reserve Bank of India. JFSL is a new-age institution, which operates a full-stack financial services business through customer-facing entities, including Jio Credit, Jio Insurance Broking, Jio Payment Solutions, Jio Leasing Services, Jio Finance Platform and Service, and Jio Payments Bank.

The company reported 8.8% decline in consolidated net profit to Rs 268.98 crore despite a 105.5% surge in total revenue from operations to Rs 900.90 crore in Q3 FY26 over Q3 FY25.

Powered by Capital Market - Live News

Jio Financial Services Ltd fell for a fifth straight session today. The stock is quoting at Rs 240.7, down 0.25% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is up around 0.61% on the day, quoting at 24631.05. The Sensex is at 79505.6, up 0.49%.Jio Financial Services Ltd has eased around 10.22% in last one month.Meanwhile, Nifty Financial Services index of which Jio Financial Services Ltd is a constituent, has eased around 2.61% in last one month and is currently quoting at 27020.45, up 0.23% on the day. The volume in the stock stood at 66.72 lakh shares today, compared to the daily average of 106.19 lakh shares in last one month.

The benchmark March futures contract for the stock is quoting at Rs 241.7, down 0.12% on the day. Jio Financial Services Ltd jumped 9.44% in last one year as compared to a 9.25% rally in NIFTY and a 16.92% spurt in the Nifty Financial Services index.

The PE of the stock is 219.32 based on TTM earnings ending December 25.

Powered by Capital Market - Live News

Jio Credit is a non-banking financial company. The aforementioned mentioned funds would be used by JCL to fund its business operations.

Jio Financial Services is a Core Investment Company (CIC), registered with the Reserve Bank of India. JFSL is a new-age institution, which operates a full-stack financial services business through customer-facing entities, including Jio Credit, Jio Insurance Broking, Jio Payment Solutions, Jio Leasing Services, Jio Finance Platform and Service, and Jio Payments Bank.

The company reported 8.8% decline in consolidated net profit to Rs 268.98 crore despite a 105.5% surge in total revenue from operations to Rs 900.90 crore in Q3 FY26 over Q3 FY25.

The scrip shed 0.35% to currently trade at Rs 255.85 on the BSE.

Powered by Capital Market - Live News

The company said Anantharaman has resigned as Group Chief Risk Officer, with his last working day being 20 March 2026.

Subsequently, the board approved the appointment of Sandeep Khetan as Group Chief Risk Officer for a five-year term, effective 23 March 2026.

Khetan is a Chartered Accountant with more than 24 years of experience in banking, with expertise spanning credit appraisal, credit risk, market risk and operational risk.

He joined the company on 30 July 2025 as Head of Integrated Risk Management. In that role, he played a key part in establishing a unified risk governance framework across the group?s lending, insurance and payments businesses, strengthening internal controls and building a technology-led second line of defence.

Before joining Jio Financial Services, Khetan spent over 23 years at ICICI Bank, where he led multiple functions and built high-performing teams. His experience includes overseeing credit and policy functions across SME, MSME and supply chain financing segments, as well as retail and business banking distribution.

Jio Financial Services is a Core Investment Company (CIC), registered with the Reserve Bank of India. JFSL is a new-age institution, which operates a full-stack financial services business through customer-facing entities, including Jio Credit, Jio Insurance Broking, Jio Payment Solutions, Jio Leasing Services, Jio Finance Platform and Service, and Jio Payments Bank.

The company reported 8.8% decline in consolidated net profit to Rs 268.98 crore despite a 105.5% surge in total revenue from operations to Rs 900.90 crore in Q3 FY26 over Q3 FY25.

The scrip shed 0.08% to end at Rs 262.35 on the BSE.

Powered by Capital Market - Live News