Motilal Oswal keeps INR 300 target for Jio Financial Services stock

Published on 10/19/2026 at 09:44 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Second-quarter profit fell 51.00 percent to INR 3.4 billion. Jio Financial Services stock saw income reach INR 17.0 billion on October 15, 2026.

Quarterly results and valuation

Motilal Oswal reiterated an INR 300 target on October 15, 2026.
Second-quarter fiscal 2027 income rose 132.00 percent to INR 17.0 billion.
Jio Financial Services had an INR 1.4 trillion market capitalization on October 19, 2026.

Jio Financial Services, INE758E01017, Illustration mit AI erstellt.

Jio Financial Services (ISIN INE758E01017) carried an INR 300 target from Motilal Oswal on October 15, 2026, according to DSIJ. The target followed second-quarter fiscal 2027 results that showed sharply different trends in income and profit.

Q2 income rose as profit fell

Jio Financial Services reported consolidated income of INR 17.0 billion for the quarter ended September 30, 2026, up 132.00 percent year over year. Profit after tax fell 51.00 percent to INR 3.4 billion, while pre-provision operating profit increased 85.00 percent to INR 5.7 billion, The Economic Times reported on October 15, 2026.

Net interest income rose 165.00 percent year over year to INR 6.8 billion. The lending arm delivered the clearest operating gain, with profit after tax up 140.00 percent to INR 1.2 billion and assets under management at INR 373.2 billion, according to CNBC TV18.

What does the target imply?

Motilal Oswal kept its INR 300 target and retained its positive rating in its October 15, 2026 results update. The report also cited higher provisions, losses from associates and joint ventures, and a 6.60 percent reduction in fiscal 2027 earnings-per-share estimates as counterweights to lending and asset-management growth, according to DSIJ.

Three dated milestones

On September 30, 2026, Jio Financial Services completed full consolidation of RSHL as a wholly owned step-down subsidiary, according to The Economic Times. On October 15, 2026, second-quarter income reached INR 17.0 billion and net interest income reached INR 6.8 billion. Also on October 15, 2026, Motilal Oswal reiterated the INR 300 target, making the valuation view the latest of the three developments.

Dates for the next update

TradingView lists January 21, 2027 as the next earnings date for Jio Financial Services. That date would give investors the next reported period for judging whether lending growth is translating into consolidated profit.

Stock context in India

Jio Financial Services was last at INR 214.57 on the NSE on October 19, 2026 at 1:12 p.m. IST. The quote stood inside its INR 208.50 to INR 316.85 52-week range, while market capitalization was INR 1.4 trillion.