Jio Financial Services Limited has informed the Exchange that Board of Directors at its meeting held on April 17, 2026, recommended Final Dividend of Rs. 0.6 per equity share.
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Jio Financial Services' board approved audited consolidated and standalone results for FY ended March 31, 2026, with auditors giving unmodified opinions. Consolidated revenue from operations jumped about 72% year-on-year to Rs. 3,513 crore, but profit after tax slipped marginally to Rs. 1,561 crore from Rs. 1,613 crore. A final dividend of Rs. 0.60 per share (face value Rs. 10) was recommended, subject to shareholder approval. The board accepted the resignation of Group CFO Abhishek Pathak effective April 20, 2026, and appointed Ms. Annapoorna Venkataramanan as new Group CFO effective May 11, 2026. It also approved the ESOP 2026 scheme covering 3.2 crore options, and noted progress on the Allianz Jio Reinsurance JV (IRDAI registration received) and the Jio Payments Bank acquisition making it a wholly owned subsidiary.
Strong top-line growth and expansion into insurance and payments banking signal a scaling-up phase, but the slight dip in profit and deeply negative operating cash flow of Rs. 15,439 crore (reflecting aggressive loan book build-up) are points to watch. The modest dividend and ESOP-driven potential equity dilution are minor negatives for existing shareholders.