Motilal Oswal cuts Jio Financial Services estimate 6.6 percent for Jio Financial Services stock

Published on 10/23/2026 at 09:35 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Q2 profit fell 51 percent to INR 340.44 crore on October 15, 2026. Jio Financial Services stock was INR 203.88 on October 23, 2026 versus INR 316.85 high.

Estimate cut and earnings context

Motilal Oswal cut its fiscal 2027 earnings-per-share estimate by 6.6 percent on October 16, 2026.
Second-quarter profit fell 51 percent to INR 340.44 crore in the quarter ended September 30, 2026.
Jio Financial Services had a market capitalization of INR 1.3 trillion as of October 23, 2026.

Jio Financial Services, INE758E01017, Illustration mit AI erstellt.

Motilal Oswal cut its fiscal 2027 earnings-per-share estimate for Jio Financial Services by 6.6 percent on October 16, 2026, according to Reuters. The brokerage cited higher costs, one-off items and expected higher provisions after the company reported its second-quarter results.

Three dates shaped the quarter

On October 8, 2026, Jio Financial Services scheduled its board review of unaudited results for the quarter and half year ended September 30, 2026. StocksBriefer reported that the analyst presentation was set for October 15, 2026, at 7:15 p.m. IST. On October 15, 2026, the company reported Q2 fiscal 2027 consolidated profit of INR 340.44 crore and total income of INR 1,699 crore.

What drove the earnings gap?

The headline profit decline was offset by faster operating growth. The Economic Times said total income rose 132 percent year on year to INR 1,699 crore in Q2 fiscal 2027, while net interest income increased 165 percent to INR 680 crore. Pre-provisioning operating profit rose 85 percent to INR 574 crore. The comparison was affected by a one-time dividend benefit of INR 2.69 billion in the year-earlier period.

The underlying lending business provided a counterweight. Jio Financial Services' non-banking finance business increased profit 140 percent year on year to INR 120 crore in Q2 fiscal 2027. For the first half of fiscal 2027, total income reached INR 3,195 crore and profit reached INR 1,171 crore.

Next dates and valuation markers

The next concrete reporting milestone is the quarter ended September 30, 2026, whose results were released on October 15, 2026. The October 15 analyst presentation concluded at 8:10 p.m. IST, according to StocksBriefer. Investors are weighing the strong income trajectory against the lower reported profit and Motilal Oswal's estimate reduction.

Stock trades below yearly high

Jio Financial Services stock was trading at INR 203.88 on the NSE on October 23, 2026 at 1:04 p.m. IST. Its 52-week range was INR 202.69 to INR 316.85, and market capitalization stood at INR 1.3 trillion on the same date. The company operates across lending, payments, insurance distribution and asset management.