Motilal Oswal sets INR 300 target for Jio Financial Services stock

Published on 10/26/2026 at 09:08 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Q2 income rose 132 percent to INR 16.99 billion. Jio Financial Services stock saw profit fall 51.02 percent to INR 3.40 billion.

Growth and valuation markers

Motilal Oswal set an INR 300.00 target on October 15, 2026.
Second-quarter income reached INR 16.99 billion, up 132.00 percent year on year.
Second-quarter profit fell 51.02 percent year on year to INR 3.40 billion.
The next earnings date is listed as April 16, 2027.

Jio Financial Services, INE758E01017, Illustration mit AI erstellt.

Motilal Oswal set an INR 300.00 target for Jio Financial Services on October 15, 2026, according to Moneycontrol. The target followed the company's second-quarter results and leaves the analyst view centered on expansion across lending, asset management and payments.

Jio Financial Services reported second-quarter fiscal 2027 total income of INR 16.99 billion, up 132.00 percent from the year-earlier period. Profit after tax fell 51.02 percent year on year to INR 3.40 billion, while pre-provisioning operating profit rose 85.00 percent to INR 5.74 billion, CNBC TV18 reported on October 15, 2026.

Profit quality becomes the test

The split between operating growth and reported profit is the central investment question. Net interest income increased 165.00 percent year on year to INR 6.80 billion, but higher costs and the comparison with dividend income weighed on consolidated earnings, Economic Times said.

Jio Credit supplied a stronger operating signal: its profit after tax rose 140.00 percent year on year to INR 1.20 billion, while assets under management expanded 154.00 percent to INR 373.20 billion. Quarterly gross disbursements reached INR 131.35 billion, giving the lending arm a larger role in the group's earnings mix.

What does INR 300 target imply?

Motilal Oswal retained a Buy rating and based its INR 300.00 target on a September 2028 sum-of-the-parts valuation, while cutting its fiscal 2027 earnings-per-share estimate by 6.60 percent for higher provisions. That combination places execution and cost control beside growth as the key test for the valuation.

Next reporting date

TradingView lists April 16, 2027, as the next earnings date. The company platform covers lending, payments, investments and insurance through its JioFinance ecosystem, according to JioFinance.

Stock context

Jio Financial Services last closed at INR 205.03 on the NSE on October 23, 2026 at 4:00 p.m. IST. The company had a market capitalization of INR 1.4 trillion on that date.