Jio Financial Services sets record date for dividend. Check details - The Economic Times Benchmarks
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News›Markets›Stocks›News›Jio Financial Services sets record date for dividend. Check details
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Read Today's Paper Jio Financial Services sets record date for dividend. Check detailsSECTIONSJio Financial Services
sets record date for dividend. Check detailsBy Debaroti Adhikary, ETMarkets.comLast Updated: Aug 01, 2026, 12:20:00 PM
ISTRate StoryFollow usShareFont SizeAbcSmallAbcMediumAbcLargeSavePrintCommentSynopsisJio Financial Services set August
10 as the record date for its final dividend. The company reported significant year-on-year profit and revenue growth in
the first quarter. Interest income and fees and commission income saw substantial increases during this period. Jio
Financial Services shares experienced a notable jump on Friday and over the week. Motilal Oswal maintains a Buy rating
with a target price of Rs 315.ETMarkets.comJio Financial Services has fixed August 10 as the record date for its final
dividend of Rs 0.60 per share for the financial year which ended on March 31, 2026.This means that only those
shareholders who own the shares of the company in their demat accounts as on August 10 (Monday) will be eligible to
receive the dividend by the company, subject to shareholders’ approval at its upcoming Annual General Meeting (AGM).
This comes after the company paid a dividend of Rs 0.5 per share to its shareholders last year. The company, which had
announced the latest dividend in April this year, has a dividend yield of 0.19%, according to data on Trendlyne. Earlier
this month, Jio Financial Services reported 155% year-on-year (YoY) growth in its consolidated net profit at Rs 830
crore in the first quarter, while revenue from operations in the reporting period increased 227% YoY to Rs 2,004
crore.Consolidated total income rose 141% YoY to Rs 1,496 crore from Rs 619 crore. It was up 47% from Rs 1,020 crore in
the March quarter. Interest income grew 165% YoY to Rs 962 crore, while fees and commission income surged to Rs 325
crore from Rs 54 crore.Live EventsAlso read | Peter Lynch does not like the AI trade; here's why he says 'Know what you
own'Jio Financial Services share priceJio Financial Services shares jumped nearly 4% to close at Rs 256 apiece on
Friday. The stock gained more than 9% in a week and iver 8% in a month. Is it however down over 13% in 2026 so far.In
the longer term, the shares of the company have fallen over 22% in a year. The company currently has a market
capitalisation of more than Rs 1.69 lakh crore.Motilal Oswal has a Buy rating on Jio Financial Services with a target
price of Rs 315 apiece. The brokerage said the company delivered a healthy quarter, driven by strong growth in Jio
Credit, whose assets under management (AUM) crossed Rs 300 billion.It also highlighted steady progress across the
payments, insurance, and asset management businesses, although operating expenses remained elevated due to continued
investments in incubating new businesses and expanding existing operations. Motilal Oswal cut its FY27 and FY28 EPS
estimates by 4% and 6%, respectively, to account for higher operating costs, but expects consolidated PAT to grow at a
46% CAGR between FY26 and FY28.Also read | Maharashtra-based SME stock plunges 20% as MD gets shot, director taken in
police custody(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do
not represent the views of The Economic Times)Add as a Reliable and Trusted News Source Add Now! (You can now subscribe
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