News

Jio Financial Services has allotted 25,00,00,000 equity shares to members of the promoter group of the company on conversion of warrants. Post allotment, the paid up equity share capital has increased to Rs. 6603,14,16,230/- (divided into 660,31,41,623 fully paid-up equity shares of face value of Rs. 10/- each). The total shareholding of the promoter and promoter group of the Company has increased from 47.12% to 49.13% of total paid-up equity share capital of the Company.

Jio Financial Services announced that the Board of Directors of the Company at its meeting held on 17 April 2026, inter alia, have recommended the final dividend of Rs 0.6 per equity Share (i.e. 6%) , subject to the approval of the shareholders.

Net profit of Jio Financial Services declined 13.88% to Rs 272.22 crore in the quarter ended March 2026 as against Rs 316.11 crore during the previous quarter ended March 2025. Sales rose 106.49% to Rs 1018.51 crore in the quarter ended March 2026 as against Rs 493.24 crore during the previous quarter ended March 2025.For the full year,net profit declined 3.21% to Rs 1560.90 crore in the year ended March 2026 as against Rs 1612.59 crore during the previous year ended March 2025. Sales rose 71.97% to Rs 3513.26 crore in the year ended March 2026 as against Rs 2042.91 crore during the previous year ended March 2025. ParticularsQuarter EndedYear EndedMar. 2026Mar. 2025% Var.Mar. 2026Mar. 2025% Var. Sales1018.51493.24 106 3513.262042.91 72 OPM %59.3668.52 -65.6075.79 - PBDT346.54401.57 -14 1912.531969.43 -3 PBT338.53395.81 -14 1883.091946.91 -3 NP272.22316.11 -14 1560.901612.59 -3 Powered by Capital Market - Live News

Jio Financial Services will hold a meeting of the Board of Directors of the Company on 17 April 2026.

 Jio Payments Bank (JPBL), a wholly-owned subsidiary of Jio Financial Services has introduced UPI-based cash withdrawal through its Business Correspondent (BC) touchpoints, marking an important step towards strengthening India`s digital payments ecosystem and advancing financial inclusion in the country. The feature enables customers, particularly in rural and semi-urban areas, to conveniently withdraw cash by simply scanning a UPI QR code and authorizing the transaction through their UPI application, eliminating the need for debit cards or access to traditional ATM infrastructure. By enabling cardless cash withdrawals at BC touchpoints, the initiative bridges the gap between digital payments and physical cash access, while providing first-time digital users with an assisted and secure way to experience UPI transactions. Through this initiative, JPBL continues to leverage the digital payments infrastructure and its last-mile BC network to expand accessible banking services, strengthen UPI`s reach among cash-dependent segments, and enhance financial inclusion across rural and semi-urban India.Powered by Capital Market - Live News