Jio Financial Services Stock Jumps as Profits Surge Over 150%; Company Sets Record Date for Final Dividend

Jio Financial Services Stock Jumps as Profits Surge Over 150%; Company Sets Record Date for Final Dividend​

Jio Financial Services (Jio Finserv) saw its stock price climb significantly, closing at Rs 256 on Friday after gaining nearly 4%. The company announced that August 10 has been set as the record date for its final dividend of Rs 0.60 per share for the financial year ending March 31, 2026. This development follows a prior payment of Rs 0.5 per share last year.

Shareholder Actions and Stock Performance​

The decision regarding the dividend is subject to shareholder approval at the upcoming Annual General Meeting (AGM). Only shareholders holding shares in their demat accounts on August 10 will be eligible to receive this payout, according to company filings.

On a broader scale, Jio Finserv currently maintains a market capitalization exceeding Rs 1.69 lakh crore. While the stock has seen strong recent gains, it shows fluctuations across different time horizons. The shares have gained more than 9% in one week and over 8% in a month. However, the company's stock has also fallen over 22% over the past year.

Massive Growth Reported in Quarterly Earnings​

The robust performance of Jio Financial Services was highlighted by its recent quarterly results, demonstrating explosive growth across key business verticals. The consolidated net profit surged by 155% year-on-year (YoY), reaching Rs 830 crore. Revenue from operations simultaneously witnessed a massive increase of 227% YoY to Rs 2,004 crore.

Consolidated total income increased 141% YoY to Rs 1,496 crore, up significantly from the March quarter figure of Rs 1,020 crore. Interest income saw a remarkable jump of 165% YoY to Rs 962 crore. Furthermore, fees and commission income dramatically surged to Rs 325 crore from Rs 54 crore.

Analyst Weighs In: Growth Driven by Jio Credit​

Motilal Oswal maintains a ‘Buy’ rating on Jio Financial Services, setting an ambitious target price of Rs 315 apiece. The brokerage noted that the company delivered a healthy quarter, primarily driven by the strong growth achieved in its Jio Credit segment. Assets under management (AUM) for Jio Credit have impressively crossed Rs 300 billion.

The firm also observed steady progress across the payments, insurance, and asset management businesses. However, Motilal Oswal pointed out that operating expenses remain elevated due to continued investments in expanding operations and incubating new ventures. The brokerage adjusted its FY27 and FY28 EPS estimates by 4% and 6%, respectively, to account for these higher operational costs while maintaining expectations of a consolidated PAT growing at a 46% CAGR between FY26 and FY28.