Motilal Oswal sets INR 300 target for Jio Financial Services stock

Published on 10/16/2026 at 11:16 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Q2 FY27 revenue rose 73.15 percent while profit fell 51.02 percent. Motilal Oswal cut estimates 6.60 percent for Jio Financial Services stock.

Earnings and valuation markers

Second-quarter profit after tax fell 51.02 percent to INR 3.40 billion on October 15, 2026.
Motilal Oswal set an INR 300 target on October 15, 2026.
Jio Financial Services had a market capitalization of INR 1.4 trillion as of October 16, 2026.

Jio Financial Services, INE758E01017, Illustration mit AI erstellt.

Jio Financial Services (ISIN INE758E01017) reported second-quarter fiscal 2027 revenue from operations of INR 16.99 billion on October 15, 2026, up 73.15 percent year on year, while profit after tax fell 51.02 percent to INR 3.40 billion. EquityBulls carried the unaudited consolidated results for the quarter ended September 30, 2026.

Growth met a weaker bottom line

The results show a sharp split between operating expansion and reported earnings. Interest income reached INR 12.58 billion in the second quarter, up 220.53 percent from INR 3.92 billion a year earlier, while total expenses rose to INR 11.66 billion from INR 4.37 billion. Pre-provisioning operating profit increased 85 percent to INR 5.74 billion.

Jio Financial Services also reported half-year revenue from operations of INR 37.04 billion for the six months ended September 30, 2026, up 132.38 percent year on year. Half-year profit after tax reached INR 11.71 billion, 14.81 percent above INR 10.20 billion in the comparable period, giving investors a stronger period view than the quarterly result alone.

What does the INR 300 target imply?

Moneycontrol reported on October 16, 2026 that Motilal Oswal retained a Buy rating and an INR 300 target based on its October 15 research report. The brokerage cut its fiscal 2027 earnings-per-share estimate by 6.60 percent because of higher provisions, while raising its fiscal 2028 estimate as net interest income improves.

Three dates frame the story

On July 16, 2026, Jio Financial Services reported first-quarter fiscal 2027 net profit of INR 8.30 billion, up 155.73 percent year on year. On October 8, 2026, the company scheduled its board review for the September quarter. On October 15, 2026, the board approved the second-quarter and half-year results. These dates and the NSE ticker JIOFIN are listed by Sharpely.

Market value and next reference points

Jio Financial Services was quoted at INR 216.20 on the NSE at 2:45 p.m. IST on October 16, 2026, with a market capitalization of INR 1.4 trillion. The next dated reference points are the October 15, 2026 results approval and the October 15 presentation to analysts, both of which now anchor interpretation of the higher income base and weaker quarterly profit.