Jio Financial Services (NSE:JIOFIN) Operating Income: ₹32,317 Mil (TTM As of Jun. 2026)

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NSE:JIOFIN Jio Financial Services Ltd NSE:JIOFIN
61 GF Score
Price ₹256.46
GF Value ₹1,040.14
Valuation Possible Value Trap
! 4 Warning Signs
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What is Jio Financial Services Operating Income?

Jio Financial Services NSE:JIOFIN +3.85% 61 Operating Income is ₹32,317 Mil as of Jun. 2026. GuruFocus rates NSE:JIOFIN with a GF Score™ of 61/100 and a GF Value™ of ₹1,040.14 (Possible Value Trap). The stock has 4 warning signs investors should review.

Jio Financial Services's Operating Income for the three months ended in Jun. 2026 was ₹14,070 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Jun. 2026 was ₹32,317 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Jio Financial Services's Operating Income for the three months ended in Jun. 2026 was ₹14,070 Mil. Jio Financial Services's Revenue for the three months ended in Jun. 2026 was ₹17,947 Mil. Therefore, Jio Financial Services's Operating Margin % for the quarter that ended in Jun. 2026 was 78.40%.

Good Sign:

Jio Financial Services Ltd operating margin is expanding. Margin expansion is usually a good sign.

Jio Financial Services's 5-Year average Growth Rate for Operating Margin % was 11.30% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Jio Financial Services's annualized ROC % for the quarter that ended in Jun. 2026 was 3.02%. Jio Financial Services's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2026 was 8,355.21%.


Jio Financial Services  (NSE:JIOFIN) Operating Income Explanation

1. Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Jio Financial Services's annualized ROC % for the quarter that ended in Jun. 2026 is calculated as:

ROC % (Q: Jun. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Mar. 2026 ) + Invested Capital (Q: Jun. 2026 ))/ count )
=56279.6 * ( 1 - 14.38% )/( (1598016.8 + 0)/ 1 )
=48186.59352/1598016.8
=3.02 %

where

Invested Capital(Q: Mar. 2026 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=1634970.8 - 971.1 - ( 35982.9 - max(0, 971.1 - 293697.9+35982.9))
=1598016.8

Note: The Operating Income data used here is four times the quarterly (Jun. 2026) data.

2. Joel Greenblatt's definition of Return on Capital:

Jio Financial Services's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jun. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Jun. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Mar. 2026  Q: Jun. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=55520.4/( ( (664.5 + max(-364.1, 0)) + (0 + max(0, 0)) )/ 1 )
=55520.4/( ( 664.5 + 0 )/ 1 )
=55520.4/664.5
=8,355.21 %

where Working Capital is:

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(607 + 0 + 0) - (971.1 + 0 + 0)
=-364.1

Working Capital(Q: Jun. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(0 + 0 + 0) - (0 + 0 + 0)
=0

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Jun. 2026) EBIT data.

3. Operating Income is also linked to Operating Margin %:

Jio Financial Services's Operating Margin % for the quarter that ended in Jun. 2026 is calculated as:

Operating Margin %=Operating Income (Q: Jun. 2026 )/Revenue (Q: Jun. 2026 )
=14069.9/17947.1
=78.40 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

4. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Operating Income growth rate using Operating Income per share data.


Be Aware

Compared with a company's EBITDA margin, Operating Margin can be manipulated by adjusting the rate of depreciation, depletion and amortization (DDA).

If a company is facing competition, its Operating Margin may decline. Often the Operating Margin declines well before the company's revenue or even profit decline. Therefore, Operating Margin is a very important indicator of whether the company is facing problems.

For instance, by 2012, Nokia (NOK)'s problems were well known and its stock had lost more than 90% of its market value since 2007. But Nokia's Operating Margin had already been in decline since 2002, although its earnings per share were still rising. Investors who paid attention to Operating Margin would have avoided this huge loss. The same can be said for Research-in-Motion (RIMM).

Therefore, Operating Margin is a very important screening filter for GuruFocus. GuruFocus's Buffett-Munger screener requires that the profit margin is either consistent or expanding. The Model Portfolio of the Buffett-Munger screener has outperformed the market every year since inception in 2009.


Jio Financial Services Operating Income Related Terms


Jio Financial Services Operating Income Historical Data

* Premium members only.

The historical data trend for Jio Financial Services's Operating Income can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Jio Financial Services Operating Income Chart

Jio Financial Services Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 14.12 438.40 9,113.50 15,257.30 22,754.20

Jio Financial Services Quarterly Data
Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Operating Income Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 4,507.50 6,807.10 5,473.60 5,966.10 14,069.90
NSE:JIOFIN
61GF Score
Jio Financial Services Ltd NSE:JIOFIN
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Jio Financial Services Operating Income Calculation

Operating Income, is the profit a company earned through operations. All expenses, including cash expenses such as cost of goods sold (COGS), research & development, wages, and non-cash expenses, such as depreciation, depletion and amortization, have been deducted from the sales.

Operating Income for the trailing twelve months (TTM) ended in Jun. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was ₹32,317 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Operating Income →
What does a Operating Income of ₹32,317 Mil mean?
Jio Financial Services (NSE:JIOFIN) has a Operating Income of ₹32,317 Mil as of Jun. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Jio Financial Services and its competitors.
Is Jio Financial Services' Operating Income too high?
Jio Financial Services' current Operating Income is ₹32,317 Mil. Overall, Jio Financial Services has a GF Score™ of 61/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Jio Financial Services' Operating Income compare to BLK and BX?
Jio Financial Services' Operating Income of ₹32,317 Mil can be compared against companies in the Asset Management industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Operating Income for an Asset Management company?
A good Operating Income depends on the Asset Management industry context. However, Operating Income should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Operating Income mean?
A high Operating Income can signal that a stock is expensive relative to its fundamentals. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Jio Financial Services and its competitors. Jio Financial Services's current Operating Income is ₹32,317 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Jio Financial Services stock overvalued right now?
Based on GuruFocus' analysis, Jio Financial Services (NSE:JIOFIN) is currently considered Possible Value Trap. The stock's GF Value™ is ₹1,040.14, compared to a current price of ₹256.46 — trading 75.3% below its estimated fair value. The current Operating Income is ₹32,317 Mil. Jio Financial Services' overall GF Score™ is 61/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Operating Income calculated?
Operating Income is calculated from a company's financial statements. For Jio Financial Services (NSE:JIOFIN), the current Operating Income is ₹32,317 Mil as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Jio Financial Services (NSE:JIOFIN) Overvalued in 2026?

Based on GuruFocus' analysis, Jio Financial Services stock appears to be undervalued. The current stock price of ₹256.46 is trading 75.3% below its estimated GF Value™ of ₹1,040.14. GuruFocus considers Jio Financial Services to be Possible Value Trap.

Key valuation signals for NSE:JIOFIN:

  • Operating Income: ₹32,317 Mil
  • GF Value™: ₹1,040.14 vs. price of ₹256.46 (75.3% below fair value)
  • GF Score™: 61/100 with 4 warning signs

No single metric tells the full story. See the NSE:JIOFIN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Jio Financial Services Business Description

Other Exchanges 543940:India
Address Bandra Kurla Complex, 1st Floor, Building 4NA, Maker Maxity, Bandra East, Mumbai, MH, IND, 400051
Jio Financial Services Ltd is a core investment company, non-deposit taking, systemically important (CIC-ND-SI). Along with its subsidiaries, joint ventures, and associates, it is engaged in the business of Investing and Financing, mainly Leasing, Insurance broking, Payment Bank, Payment Aggregator, and Payment Gateway services.
61GF Score

Get the complete analysis for NSE:JIOFIN

Operating Income is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹256.46
Price
₹1,040.14
GF Value