Jio Financial Services Ltd Share Price – NSE /  BSE

Finance, Mid Cap

Venkata Peri brings over 25 years of experience in finance, backed by a strong technology background and international exposure, having worked in the US with firms such as IBM, Deloitte and PwC.

During his career, Peri has launched multiple CFO and CRO advisory service offerings and has worked closely with boards, CEOs, CFOs and CROs across global markets. He has provided C-suite and board-level advisory on technology and analytics, helping organisations deliver actionable insights and drive enterprise-wide finance and risk transformation initiatives across banking and insurance companies to improve operational efficiency through advanced analytics.

Peri holds a master?s degree from the London School of Economics and an MCA degree from NIT Rourkela. He has also conducted pro-bono, case-based teaching sessions at several business schools in India and the US, including the Indian School of Business (ISB) and UCLA.

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?s consolidated net profit rose 0.9% to Rs 695.04 crore on 32.6% jump in net sales to Rs 1,219.57 crore in Q2 FY26 over Q2 FY25.

Shares of Jio Financial Services shed 0.05% to currently trade at Rs 293 on the BSE.

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Jio Financial Services announced that its wholly owned subsidiary, Jio Leasing Services (JLSL) has subscribed to and has been allotted 4,50,00,000, 8.1% Cumulative Optionally Convertible Preference Shares (OCPS) of Rs.10/- each of Reliance International Leasing IFSC (RILIPL) (a 50:50 joint venture between JLSL and Reliance Strategic Business Ventures, a wholly owned subsidiary of Reliance Industries), for cash at par, aggregating Rs. 45 crore, on a rights issue basis. The aggregate investment made by JLSL in RILIPL till date is Rs. 166.55 crore. The investment is made to fund the business operations of RILIPL.

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Jio Financial Services Ltd rose for a fifth straight session today. The stock is quoting at Rs 312.9, up 1.1% on the day as on 12:44 IST on the NSE. The benchmark NIFTY is up around 0.28% on the day, quoting at 25949.3. The Sensex is at 84711.84, up 0.29%. Jio Financial Services Ltd has added around 2.39% in last one month.

Meanwhile, Nifty Financial Services index of which Jio Financial Services Ltd is a constituent, has added around 2.33% in last one month and is currently quoting at 27337.35, up 0.43% on the day. The volume in the stock stood at 113.02 lakh shares today, compared to the daily average of 96.58 lakh shares in last one month.

The benchmark November futures contract for the stock is quoting at Rs 313.85, up 0.87% on the day. Jio Financial Services Ltd is down 1.71% in last one year as compared to a 10.27% gain in NIFTY and a 18.34% gain in the Nifty Financial Services index.

The PE of the stock is 281.36 based on TTM earnings ending September 25.

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Profit before tax (PBT) advanced 1.2% to Rs 783.07 crore in Q2 FY26 compared with Rs 773.49 crore in Q2 FY24.

Asset under management (AUM) surged to Rs 14,712 crore during the quarter, compared with Rs 1,206 crore in Q2 FY25.

Pre-provisioning operating profit stood at Rs 579 crore in Q2 FY26, registering the growth of 4.89% compared with Rs 552 crore in Q2 FY25.

Jio Credit (JCL), the NBFC arm of JFSL, reported a 12x YoY growth in its AUM during the quarter, with broad-based traction across its diverse secured lending solutions spanning retail and corporate finance. The NBFC expanded its physical footprint to cover 14 cities through 15 offices.

Jio Payments Bank launched an industry-first product, Savings Pro, which allows customers to auto-invest their idle surplus liquidity into overnight mutual funds for higher returns. The payment bank?s network of Business Correspondents (BCs) grew to around 200,000 BCs in Q2 FY26, up from 2,307 in Q2 FY25. Its customer base during the quarter stood at 2.95 million, and deposit base was at Rs 421 crore, both grew around 2x compared to Q2 FY25.

Jio Payment Solutions (JPSL) reported a robust 167% YoY increase in transaction processing volume (TPV) to Rs 13,566 crore, maintaining its focus on unit-level profitability.

Jio Insurance Broking recorded Rs 347 crore in premiums and issued 2.9 lakh policies across life, health and general insurance segments during the quarter. It scaled up its digital point of sales person channel to over 100 cities across six states, enabling personalised advisory and service in diverse regional markets.

On the asset management front, Jio BlackRock Asset Management Private Limited, a 50:50 JV between JFSL and BlackRock, launched six funds during the quarter. This included its maiden active equity fund, powered by BlackRock?s proprietary, AI-based systematic active equity approach.

The JioBlackRock Flexi Cap Fund attracted investments of around Rs 1,500 crore through the new fund offer (NFO). In just under four months since launch, the asset management company has a client base of over 150 institutional investors and more than 635,000 retail investors.

Hitesh Sethia, managing director and CEO, JFSL, said: The significant growth in business income is a direct result of the initiatives taken over the last few quarters towards scaling up profitably, by pursuing a risk-calibrated growth strategy. Our expanding user base is a validation of the enthusiasm with which our offerings have been met in the market. As we design financial services of the future for all Indians, we are actively leveraging next-gen AI and analytics to position JioFinance as a trusted, intelligent, and simplified digital platform that delivers personalised, and fit-for-purpose products to each individual customer. The results of these efforts would become more pronounced over the coming quarters.?

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 counter shed 0.87% to Rs 309.40 on the BSE.

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