Jio Financial Services Limited reported robust financial results for the fiscal year ended March 31, 2026, with a consolidated net profit of ₹1,560.90 crore. The Board has recommended a dividend of ₹0.60 per equity share. Concurrently, the company announced a significant leadership transition: Shri Abhishek Haridas Pathak will step down as Group CFO, with Ms. Annapoorna Venkataramanan appointed as his successor, effective May 11, 2026.
Financial Performance Overview
For the financial year ended March 31, 2026, the company achieved a consolidated total income of ₹3,542.61 crore. The consolidated net profit for the year stood at ₹1,560.90 crore. The company has also demonstrated strong momentum, reporting a consolidated net profit of ₹272.22 crore for the fourth quarter (Jan-Mar 2026). The Board of Directors has recommended a final dividend of ₹0.60 per equity share of face value ₹10 each for the financial year.
Strategic Growth Initiatives
The company continues to expand its footprint in the financial services sector. Key developments include the approved Employee Stock Option Plan 2026, which proposes to grant up to 3,20,00,000 options to eligible employees. Furthermore, the company has made significant strides in the reinsurance business through the incorporation of Allianz Jio Reinsurance Limited, which recently received its registration certificate to commence operations as a Reinsurance Company.
Leadership Transition
Effective April 20, 2026, Shri Abhishek Haridas Pathak will step down from his position as Group Chief Financial Officer to take on a strategic role in the Chairman’s Office at Reliance Industries Limited. The Board has appointed Ms. Annapoorna Venkataramanan as the new Group Chief Financial Officer, effective May 11, 2026. Ms. Venkataramanan brings over 25 years of experience in finance and global markets and is a distinguished professional with a background including senior roles at ArcelorMittal Nippon Steel India and Standard Chartered Bank.
Consolidation of Payments Business
During the fiscal year, the company strengthened its digital payments vertical by acquiring 7,90,80,000 equity shares of Jio Payments Bank Limited from the State Bank of India. This acquisition, which represents 14.96% of the bank’s equity, has transitioned the entity into a wholly-owned subsidiary of the company, further integrating its payment solutions ecosystem.
Source: BSE
