Jio Financial block deal: Goldman Sachs sells over 26.75 lakh shares worth Rs 62 crore

Synopsis

Jio Financial Services saw a ₹62 crore block deal as Goldman Sachs sold 26.75 lakh shares to Morgan Stanley. The stock gained 1.12% despite weak one-year performance and a 14% YoY profit decline in Q4FY26, even as revenue and AUM posted strong growth during the quarter.

Mukesh Ambani-promoted Jio Fin Services witnessed a block deal on Thursday in which Goldman Sachs sold over 26.75 lakh shares worth Rs 62 crore. The buyer in the deal was Morgan Stanley.

Goldman sold these shares through its affiliate Goldman Sachs Bank Europe SE-ODI at Rs 231.45 apiece. Morgan Stanley Asia Singapore PTE bought the shares.

The stock ended today at Rs 234.20 on the BSE, up Rs 2.60 or 1.12% over Wednesday's closing price.

Shares of Jio Financial Services have slipped 12% in the past one year underperforming the benchmarks Nifty and the BSE Sensex, which have dropped nearly 4% and 7%, respectively in the same period, according to Trendlyne data.

The stock has slipped below its 50-day and 200-day simple moving averages (SMAs) of Rs 241 and Rs 285, respectively.

On Friday, Jio Financial Services reported a 14% year-on-year decline in its consolidated net profit for the quarter ended March 31, 2026 at Rs 272 crore compared to Rs 316 crore in the year-ago period.

The total revenue from operations in Q4FY26 stood at Rs 1,019 crore, surging 106% over Rs 493 crore in the corresponding quarter of the last financial year.

However, the company's profit after tax (PAT) grew 1.2% sequentially to Rs 269 crore while the topline increased by 13% quarter-on-quarter to Rs 901 crore in Q4FY25.

Jio Financial's net interest income in the quarter under review stood at Rs 202 crore versus Rs 81 crore in the year-ago period.

Jio Financial Services' consolidated total income was Rs 3,274 crore witnessing a growth of 78% YoY. Jio Credit’s Assets Under Management (AUM) crossed Rs 25,000 crore in FY26 while Jio Payment Solutions' total payment value crossed Rs 50,000 crore in FY26.

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