Jio Financial Services Q2 Profit Halves YoY To ₹340 Cr

Jio Financial Services’ consolidated net profit declined 51% to ₹340.4 Cr in the second quarter of the financial year ended March 2027 (FY27) from ₹695 Cr in the year-ago quarter.

Operating revenue rose 73% to ₹1,699.3 Cr from ₹981.4 Cr in Q2 FY26. The company also registered an other income of ₹13 Lakh during the quarter as against ₹21.1 Cr other income registered in the year-ago quarter.

Sequentially, net profit fell 59% from ₹830.3 Cr, while operating revenue declined 15.2% from ₹2,004.5 Cr.

The profit decline came amid higher expenses and the absence of dividend income during the quarter. Jio Financial Services had recorded dividend income of ₹269 Cr in Q2 FY26 and ₹508.6 Cr in Q1 FY27.

(The story will be updated soon)

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