Jio Financial Share Price After Q1 Results: Stock Slips Despite Strong Profit, Revenue Surge & Lending Growth

Shares of Jio Financial Services Ltd were trading marginally lower on Friday, July 18, following the announcement of the company's Q1 FY26 results. On Thursday, the Reliance company reported a 4% year-on-year (YoY) rise in net profit, which stood at Rs 324.66 crore for the June quarter, compared to Rs 312.63 crore in the corresponding quarter of the previous year. More notably, revenue surged by 46.5% YoY to Rs 612.46 crore, up from Rs 417.82 crore in Q1 FY25

Jio Finance Share Price After Q1 Results Announcement

As of 2:08 PM, the stock was down 0.36%, trading at Rs 317.00, after opening at Rs 320.50. During intraday trade, the stock hit a high of Rs 323.95 and a low of Rs 313.75. Despite a robust performance in revenue and profit for the June quarter, investor sentiment remained cautious.

Jio Financial Q1 FY26 Results Overview

The financial arm of Reliance group, Jio Financial Services reported a 3.83% year-on-year (YoY) rise in consolidated net profit to Rs 325 crore for Q1 FY26, while total income surged 48.09% to Rs 418 crore. The pre-provisioning operating profit increased by 8% to Rs 366 crore, and profit before tax rose 4.5% to Rs 419 crore.

The company's lending subsidiary, Jio Credit Limited (JCL) was the key growth driver, with Assets Under Management (AUM) jumping to Rs 11,665 crore, compared to Rs 217 crore in Q1 FY25 and Rs 10,053 crore in Q4 FY25 - highlighting rapid expansion in its lending operations.

Total income during the quarter rose to Rs 619 crore, while total expenses increased significantly to Rs 261 crore, marking a 228% rise over the Rs 79 crore spent in the year-ago period. The company's interest income also doubled, reaching Rs 363 crore from Rs 162 crore a year earlier.

In an official release, the company described the quarter as one that demonstrated "strong growth momentum," attributing it to increased contributions from core financial services including investments, credit, transactions, and protection. The digital-first business model and enhanced scale of operations were cited as major drivers of this performance.

Jio Financial Services Q1 Results 2026 Key Highlights

A key highlight during the quarter was Jio Financial's acquisition of 7.9 crore equity shares in Jio Payments Bank Limited (JPBL) from State Bank of India, valued at Rs 104.54 crore. This move gives JFSL a 14.96% stake in JPBL, further expanding its presence in the digital banking and payment services space.

JPBL itself has seen exponential growth, with its business correspondent network jumping from Rs 2,299 crore in Q1 FY25 to Rs 19,998 crore in Q4 FY25, now operating with over 50,000 touchpoints.

Meanwhile, Jio Credit Limited, a wholly-owned subsidiary, expanded its footprint to 11 cities in Q1. Its net interest income surged 240% YoY to Rs 118 crore, while net profit rose 24% YoY to Rs 45 crore, showing the strength of its lending operations.

The company's asset management joint venture with BlackRock, JioBlackRock, also marked a significant milestone. Its maiden New Fund Offer (NFO) attracted over Rs 17,800 crore from nearly 67,000 retail and 90 institutional investors. Moreover, the JV received SEBI approval on July 16 to launch four new passive funds, positioning it for aggressive growth in the mutual fund space.

Jio Financial Stock Outlook

Despite the strong Q1 showing, the stock remained under slight pressure on Friday. Analysts suggest that the margin pressure and sharp rise in expenses may have tempered investor enthusiasm. Additionally, the broader market weakness and cautious sentiment ahead of the weekend may also have influenced the muted stock movement.

The 52-week range of the stock remains between Rs 198.65 (low) and Rs 363.00 (high), and the current price of Rs 317.00 indicates the stock is trading in the mid-range of its annual performance. The coming quarters will be crucial as JFSL aims to capitalize on its digital-first strategy and expanded offerings across multiple financial verticals.