Jio Financial Q2: Shares trade flat ahead of earnings; a quick look at recent announcements, share price trend

The stock, which made its debut on the stock exchanges in 2023, was trading over 2% higher at ₹312.30 on the NSE in the noon deals on Wednesday. Data show that the shares have rallied over 30% in the past six months.

In the early trade, the stock was flat at ₹312.50 on the NSE.

On October 9, JFSL, in its regulatory filing, said that a meeting of the Board of Directors of the company is scheduled to be held on Thursday, October 16, 2025, inter alia, to consider and approve the standalone and consolidated unaudited financial results of the company for the quarter and half year ended September 30, 2025.

A presentation to analysts on the financial results of the company for the quarter and half year ended September 30, 2025, shall be made on the same day after the meeting.

Jio Payments Bank forays into next-gen tolling services

On Monday, October 13, Jio Payments Bank Limited (JPBL), a digital-first payments bank and a subsidiary of Jio Financial Services Limited (JFSL), said it had won a contract to implement the FASTag Automatic Number Plate Recognition (ANPR)-based MLFF toll collection system across two toll plazas – Shahjahanpur and Manoharpura – between Gurugram and Jaipur.

The MLFF tolling system is an advanced electronic toll collection technology that accurately identifies, classifies, and charges vehicles travelling without requiring them to slow down, stop, or use designated toll lanes, the company said.

The company added that securing the contract to collect and process toll for an MLFF project is a significant milestone for JPBL, building on the foundation of its FASTag acquisition-based toll processing operations, which commenced in July 2025.

"JPBL is already managing toll operations at 11 toll plazas on different highway stretches across the country as an acquirer bank. With the acquisition of toll management rights at these two MLFF road projects, JPBL is well-positioned to play a pivotal role in the country’s evolving infrastructure-linked digital payments landscape," the press release added.

Jio Payments Bank Introduces ‘Savings Pro'

On September 22, 2025, Jio Payments Bank Limited, a subsidiary of Jio Financial Services Limited, announced the launch of ‘Savings Pro’, a feature that enables customers to earn more from idle surplus funds in their Jio Payments Bank account through automated investments in the ‘Growth’ plans of Overnight Mutual Funds.

The press release added, "With just a few clicks, any Jio Payments Bank account holder can upgrade to a Savings Pro account. Customers need to set a threshold amount of their choice, starting at ₹5,000 during the initial launch phase, and any surplus funds in their account exceeding this threshold will be automatically invested into select overnight mutual funds, which carry low risk."

Customers can invest up to ₹1,50,000 per day through this facility. Redemptions are processed in accordance with the guidelines set by the Securities Exchange Board of India. Customers have the flexibility to instantly redeem up to 90% of their investments, with a maximum instant redemption limit of ₹50,000. Funds exceeding this amount can be redeemed within 1 to 2 working days, it said.

Incorporation of a joint venture company

On September 9, in its regulatory filing, Jio Financial said the company and Allianz have incorporated a joint venture company named “Allianz Jio Reinsurance Limited” (“AJRL”) on September 8, 2025, to carry on the business of reinsurance in India, subject to regulatory approvals. The company will invest an amount of ₹2.50 lakhs towards the initial subscription of 25,000 equity shares of face value ₹10/- each for a 50% stake.

Promoter group infuses ₹3,956 crore

Jio Financial Services Ltd (JFSL) in early September 2025 said promoter group companies have infused ₹3,956 crore in the company to fund expansion.

The Board of Directors of the company allotted 50 crore warrants for cash at a price of ₹316.50 per warrant to members of the promoter group -- Sikka Ports & Terminals Ltd and Jamnagar Utilities & Power Private Ltd – upon receipt of ₹3956.25 crore, JFSL said in a regulatory filing.

Both the companies have been allotted 25 crore warrants each at ₹316.50 per unit, it said.

The subscription amount received by the company was 25% of the warrant issue price of ₹316.50 per unit, aggregating to ₹3,956 crore.

The JFSL board in July had approved a fund infusion of ₹15,825 crore through the preferential issue of convertible warrants to members of the promoter group.

The promoters, including the Ambani family and different group holding entities, together own 47.12% of the company.

Jio Financial Services Q1 Results

Jio Financial Services posted a 4% year-on-year (YoY) jump in its net profit to ₹324.66 crore in the June quarter (Q1 FY26) from ₹312.63 crore in the year-ago period.

The company reported a revenue of ₹612.46 crore for the reporting quarter, up 46.5% from ₹417.82 crore in Q1 FY25.

The firm's total income increased to ₹619 crore in Q1 FY26 from ₹418 crore in the year-ago period. Its total expenses also witnessed a 228% YoY increase at ₹261 crore as compared to ₹79 crore in the same quarter a year ago.

During the reporting quarter, its interest income doubled to ₹363 crore as against ₹162 crore in Q1 FY25.

"JFSL, a digital-first financial services company, catering to the core financial needs of customers – the Need to Invest, Borrow, Transact, and Protect – reported strong growth momentum in Q1 FY26. This reflected in the higher Net Income from Business, as well as its larger contribution to Total Net Income," the company said in a release on Thursday.