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Jio Financial Services sets record date for dividend. Check details

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Jio Financial Services sets record date for dividend. Check details
Jio Financial Services has fixed August 10 as the record date for its final dividend of Rs 0.60 per share for the financial year which ended on March 31, 2026.

This means that only those shareholders who own the shares of the company in their demat accounts as on August 10 (Monday) will be eligible to receive the dividend by the company, subject to shareholders’ approval at its upcoming Annual General Meeting (AGM).

This comes after the company paid a dividend of Rs 0.5 per share to its shareholders last year. The company, which had announced the latest dividend in April this year, has a dividend yield of 0.19%, according to data on Trendlyne.

Earlier this month, Jio Financial Services reported 155% year-on-year (YoY) growth in its consolidated net profit at Rs 830 crore in the first quarter, while revenue from operations in the reporting period increased 227% YoY to Rs 2,004 crore.

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Consolidated total income rose 141% YoY to Rs 1,496 crore from Rs 619 crore. It was up 47% from Rs 1,020 crore in the March quarter. Interest income grew 165% YoY to Rs 962 crore, while fees and commission income surged to Rs 325 crore from Rs 54 crore.


Also read | Peter Lynch does not like the AI trade; here’s why he says ‘Know what you own’

Jio Financial Services share price

Jio Financial Services shares jumped nearly 4% to close at Rs 256 apiece on Friday. The stock gained more than 9% in a week and iver 8% in a month. Is it however down over 13% in 2026 so far.
In the longer term, the shares of the company have fallen over 22% in a year. The company currently has a market capitalisation of more than Rs 1.69 lakh crore.Motilal Oswal has a Buy rating on Jio Financial Services with a target price of Rs 315 apiece. The brokerage said the company delivered a healthy quarter, driven by strong growth in Jio Credit, whose assets under management (AUM) crossed Rs 300 billion.

It also highlighted steady progress across the payments, insurance, and asset management businesses, although operating expenses remained elevated due to continued investments in incubating new businesses and expanding existing operations. Motilal Oswal cut its FY27 and FY28 EPS estimates by 4% and 6%, respectively, to account for higher operating costs, but expects consolidated PAT to grow at a 46% CAGR between FY26 and FY28.

Also read | Maharashtra-based SME stock plunges 20% as MD gets shot, director taken in police custody

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(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)

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Soccer-FIFA faces fresh transparency calls after retreat on World Cup sell-off plan

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Soccer-FIFA faces fresh transparency calls after retreat on World Cup sell-off plan

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The New York Times Company Has Exceeded My Expectations (NYSE:NYT)

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The New York Times Company Has Exceeded My Expectations (NYSE:NYT)

This article was written by

Daniel is an avid and active professional investor.
He runs Crude Value Insights, a value-oriented newsletter aimed at analyzing the cash flows and assessing the value of companies in the oil and gas space. His primary focus is on finding businesses that are trading at a significant discount to their intrinsic value by employing a combination of Benjamin Graham’s investment philosophy and a contrarian approach to the market and the securities therein. Learn more.

Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha’s Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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Divi’s Labs Q1 Results: Net profit rises 66% YoY to Rs 902 crore, revenue up 28%

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Divi's Labs Q1 Results: Net profit rises 66% YoY to Rs 902 crore, revenue up 28%
Pharma player Divi’s Laboratories on Saturday reported a consolidated net profit of Rs 902 crore for the April-June quarter of FY26, marking a 65.5% year-on-year rise from the Rs 545 crore reported in the corresponding quarter of the previous financial year.

The firm’s revenue from operations meanwhile rose around 28% YoY to Rs 3,080 crore in Q1 FY27, from Rs 2,410 crore reported in the year-ago period. Its total income increased over 24% YoY to Rs 3,144 crore, while total expenses rose more than 9% YoY to Rs 1,964 crore during the quarter which ended on June 30, 2026.

For the quarter, Divi’s Labs reported a forex loss of Rs 7 crore as against a forex gain of Rs 39 crore for the corresponding quarter of the previous financial year. Profit before tax (PBT) for the quarter rose to Rs 1,180 crore, as against a PBT of Rs 733 crores for the corresponding quarter of the previous financial year.

Along with the Q1 earnings, Divi’s Labs said that its board of directors have approved the appointment of B Vara Prasad and J Srinivasa Rao as senior management personnel of the company, with effect from August 1.

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Also read |
ITC Q1 profit plunges 27% due to record cigarette taxes and West Asia crisis

Divi’s Labs share price

Divi’s Labs shares gained nearly 3% to close at Rs 8,056 apiece on Friday, before the quarterly earnings were announced on Saturday. The stock has gained over 11.5% in one week and 23% in a month.

The shares of the company have overall jumped more than 27% in 2026 so far. In the longer term, the stock has delivered 23% returns over one year, 119% in three years and 65% in five years. The company’s market capitalisation stands at nearly Rs 2.15 lakh crore.
Also read | Bajaj Finserv Q1 Results: Net profit rises 12% YoY to Rs 3,132 crore; shares rally 5%
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)

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AlzChem Group AG (ALZCF) Q2 2026 Earnings Call Transcript

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OneWater Marine Inc. (ONEW) Q1 2026 Earnings Call Transcript