Jio Financial Services reported a 51% decline in consolidated net profit to Rs 340.4 crore in the September quarter of FY27, compared with the same period last year. Higher expenses and the absence of dividend income contributed to the decline. However, revenue from operations rose by about 70% to Rs 1,699.3 crore, driven by growth in its lending business. The company’s consolidated net profit stood at Rs 340.4 crore in Q2 FY27, compared with Rs 695 crore in the corresponding quarter last year. Revenue from operations increased to Rs 1,699.3 crore from Rs 981.4 crore a year earlier.