Jio Financial Services Approves FY26 Results, Recommends Dividend, and Appoints New Group CFO

Jio Financial Services Approves FY26 Results, Recommends Dividend, and Appoints New Group CFO​

Jio Financial Services Limited announced significant corporate and financial updates following its Board of Directors meeting on April 17, 2026. The Board approved the audited financial results for the financial year ended March 31, 2026, and recommended a final dividend. The Board also announced a key leadership transition, approving the appointment of Ms. Annapoorna Venkataramanan as the new Group Chief Financial Officer (CFO).

Leadership Changes and Corporate Appointments​

The Board of Directors took note and accepted the request of Shri Abhishek Haridas Pathak to release him from the position of Group Chief Financial Officer and Key Managerial Personnel (KMP), effective April 20, 2026. The Board expressed appreciation for his contributions during the company's formative years.

In a strategic move, the Board approved the appointment of Ms. Annapoorna Venkataramanan as the Group Chief Financial Officer and KMP of the Company, effective May 11, 2026.

Furthermore, the company approved the "Jio Financial Services Limited - Employee Stock Option Plan 2026," based on the recommendation of the Nomination and Remuneration Committee. This plan proposes the granting of 3,20,00,000 (Three crore twenty lakh) options to eligible employees of the Company, its subsidiaries, or associates.

Financial Performance and Dividend Recommendation​

The Board of Directors approved the Audited Financial Statements (Consolidated and Standalone) for the financial year ended March 31, 2026, and the corresponding audited financial results for the quarter and year ended March 31, 2026.

Regarding shareholder returns, the Board recommended a dividend of Rs. 0.60 per equity share of Rs. 10 each for the financial year ended March 31, 2026.

The company's consolidated financial data for the year ended March 31, 2026, shows a total asset base of 163,497.08 crore.

Key Financial Highlights (Crore)​

The total income and expenses for the year ended March 31, 2026, show robust performance figures across both consolidated and standalone financials.

The consolidated financial results summary for the quarter and year ended March 31, 2026, is detailed below:


For the standalone financials, the total income was 135.13 crore for the quarter ended March 31, 2026, and 968.60 crore for the year ended March 31, 2026.

The company's cash position improved substantially, with the closing balance of cash and cash equivalents recorded at 715.04 crore for the year ended March 31, 2026, compared to 352.32 crore in the previous year.

Company Operations and Scope​

The Group is engaged in the business of Investing & Financing, Leasing, Insurance Broking, Payment Bank and Payment Aggregator, Payment Gateway services, Insurance & Reinsurance services, and Asset & Wealth Management services, primarily focusing on investing and financing in India.

The Company continued to strengthen its subsidiaries and ventures, including:

• Jio Insurance Broking Limited
• Jio Credit Limited
• Jio Payment Solutions Limited
• Jio Payments Bank Limited
• Reliance Industrial Investments and Holdings Limited

The Board of Directors and the Audit Committee recommended the financial results, and the joint statutory auditors provided an unmodified opinion on the audited consolidated financial results.

JIOFIN Stock Price Movement​

Today, Jio Financial Services Limited shares edged higher, gaining 1.46% to close at ₹243.86. The stock traded today on a massive volume of 51.45 million shares, finishing well above its daily low of ₹240.64.

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