Jio Financial Services Ltd Share Price – NSE /  BSE

Finance, Mid Cap

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.

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Jio Financial Services has incorporated a wholly owned subsidiary named Jio Alternative Investment Manager (JAIML), having its registered office at Mumbai, on 23 January 2026, to act as an investment manager to the Alternative Investment Fund to be set up by the Company subject to regulatory approvals, in terms of SEBI (Alternative Investment Funds) Regulations 2012.

The company will invest an amount of Rs. 1 crore towards initial subscription of 10,00,000 equity shares of face value of Rs. 10 each of JAIML.

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Jio Financial Services Ltd dropped for a fifth straight session today. The stock is quoting at Rs 261.2, down 0.78% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is up around 0.17% on the day, quoting at 25201.1. The Sensex is at 81970.15, up 0.07%.Jio Financial Services Ltd has eased around 12.55% in last one month.Meanwhile, Nifty Financial Services index of which Jio Financial Services Ltd is a constituent, has eased around 1.95% in last one month and is currently quoting at 26963.5, up 0.31% on the day. The volume in the stock stood at 72.39 lakh shares today, compared to the daily average of 106.01 lakh shares in last one month.

The benchmark January futures contract for the stock is quoting at Rs 260.9, down 1.06% on the day. Jio Financial Services Ltd jumped 2.09% in last one year as compared to a 8.6% rally in NIFTY and a 19.53% spurt in the Nifty Financial Services index.

The PE of the stock is 239.27 based on TTM earnings ending December 25.

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Growth in total revenue from operations was partially offset by higher expenses, in line with growth in volume across all businesses.

During the quarter, profit before tax (PBT) fell 1.6% YoY to Rs 371.09 crore. In Q3 FY26, pre-provisioning operating profit (PPOP) grew 7% YoY to Rs 354 crore. NBFC?s Assets Under Management (AUM) stood at Rs 19,049 crore in Q3 FY26, up 4.5x YoY.

Under Jio Payments Bank, total income grew 10x YoY and doubled sequentially to Rs 61 crore in Q3 FY26, driven by a threefold sequential growth in transaction throughput. Total deposits, including current accounts, savings accounts, and wallets, stood at Rs 507 crore as of December 31, 2025, up 94% YoY and 20% QoQ.

During the quarter, Jio Payment Solutions reported a transaction processing volume (TPV) of Rs 16,315 crore, up 2.6x YoY and 20% QoQ. Gross fee and commission income was at Rs 96 crore, up 4.6x YoY and 26% QoQ.

In Jio Credit segment, net interest income (NII) stood at Rs 165 crore for the quarter, up 166% YoY and 18% QoQ, reflecting healthy growth in interest-earning assets and declining cost of funds. Under Jio Insurance Broking, facilitated premium stood at Rs 212 crore in Q3 FY26, up 23% YoY.

In Jio-BlackRock joint venture, AUM in Active Equity Flexi Cap Fund up 70% from its new fund offer (NFO) levels.

Hitesh Sethia, managing director and CEO, JFSL, said: ?We are witnessing a secular trend in business momentum across all our operating verticals, which has now gained significant velocity. At the same time, we continue to invest for growth across new businesses, positioning them for long-term success. As we continue to build depth, capability and market presence, we are well-positioned to shape the next phase of financial services in India, driven by intelligence, hyper-personalisation and enhanced accessibility, leveraging technology and data analytics.?

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 fell 0.23% to Rs 286.30 on the BSE.

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