India, Oct. 15 -- Jio Financial Services' consolidated net profit declined 51% to Rs.340.4 Cr in the second quarter of the financial year ended March 2027 (FY27) from Rs.695 Cr in the year-ago quarter.

Operating revenue rose 73% to Rs.1,699.3 Cr from Rs.981.4 Cr in Q2 FY26. The company also registered an other income of Rs.13 Lakh during the quarter as against Rs.21.1 Cr other income registered in the year-ago quarter.

Sequentially, net profit fell 59% from Rs.830.3 Cr, while operating revenue declined 15.2% from Rs.2,004.5 Cr.

The profit decline came amid higher expenses and the absence of dividend income during the quarter. Jio Financial Services had recorded dividend income of Rs.269 Cr in Q2 FY26 and Rs.508.6 Cr in Q1 FY27.

(The s...