MAM
HealthSite.com concluded its third edition of Healthcare Summit – 2022
Mumbai : TheHealthSite.com has concluded its third season of a digital summit – The HealthSite.com Summit 2022 – India’s Healthcare Story: Vision 2022. Divided into three sessions of 40 minutes each, the summit was sponsored by Apollo 24×7; Amazon.in; Samsung Watch; GSK; Bluestar; Sanofi and Neuwoman.
Health Summit 2022 addressed the challenges to healthcare in India, what is needed in healthcare to improve the economy, advances in healthcare, innovations, and management, and the rise of AYUSH – its impact on the Indian healthcare scenario.
Opening the summit, Union Health Minister Dr. Mansuk Mandaviya, lauded HealthSite for hosting a gathering of esteemed professionals to discuss strengthening the healthcare sector in India. On the occasion, Mandaviya said, “To stay aligned with the healthcare needs of the citizens during the pandemic, the government is focused towards the total approach not the token approach. States are preparing themselves for robust physical infrastructure to efficiently utilize the approved funds ECRP 1 and ECRP 2. Under Ayushman Bharat Digital Mission, India has embarked on digital transformation of healthcare in India.” He also reinforced that the focus is on creation of a longitudinal electronic health record for more than 1.3 billion people of India.
The Covid-19 outbreak led to innovations, the emergence of telehealth, E-ICU, and a changed scenario of Emergency Care where digital solutions, innovations, and reskilling of healthcare workers took a center stage. AIIMS director Dr Randeep Guleria while extensively talking about equitable healthcare mentioned, “Large part of our population is in rural areas but the percentage of doctors is less than the patients. We need to come up with solutions such as providing incentives to healthcare workers to start working in the rural areas and providing the necessary infrastructure that the rural population needs. Covid has taught us the importance of technology specially in the healthcare sector. Using teleconsultation and telemedicine, E-ICUs, and AI will be a game changer in providing services to remote areas.” He also reiterated the importance of the Government-led plan to propagate this across the country.
Explaining the healthcare limitations brought by COVID19 crisis and the ways to mend the loopholes, Public Health Foundation of India’s Dr. K Srinath Reddy said, “Unless we have an efficient, equitable, and empathetic healthcare system functioning very reliably even without a public healthcare emergency in the steady state we will not be able to mount a swift strong, strong and sustained surge response when a public health emergency does arise.”
Speaking of the successful event, Zee Media Corporation Limited CRO-digital Shridhar Mishra commented, “The pandemic caused the healthcare industry to make efforts to make medical support affordable and accessible to all. This summit brought to light the importance and role of such innovation, while also encouraging more such conversations. With this summit we were able to bring these conversations to the mainstream media and for that I’d like to commend our team.”
Speaking of the success of the summit, Zee Digital group editor Puja Sethi said, “It is important that we bring together the brightest minds of the sector and provide a platform for dialogue and debate. The panels have brought out important aspects that plague the healthcare system, and we are very proud that our efforts paid off.”
Brands
Jio Financial Services posts Rs 1,560 crore FY26 profit
Revenue rises to Rs 3,513 crore as investments and lending scale up.
MUMBAI: If money makes the world go round, Jio Financial Services Limited is quietly spinning a much bigger wheel. The Reliance-backed financial arm reported a consolidated net profit of Rs 1,560.9 crore for FY26, slightly lower than Rs 1,612.6 crore in FY25, even as revenue growth gathered pace.
Total revenue from operations rose sharply to Rs 3,513.3 crore in FY26 from Rs 2,042.9 crore a year earlier, driven largely by a surge in interest income, which more than doubled to Rs 1,901.9 crore from Rs 852.5 crore. Fee and commission income also saw a significant jump to Rs 597 crore, compared to Rs 155.2 crore in FY25, reflecting expanding financial services activity.
For the March quarter, profit stood at Rs 272.2 crore, broadly flat compared to Rs 269 crore in the same period last year. Quarterly revenue from operations climbed to Rs 1,018.5 crore, up from Rs 493.2 crore year-on-year, signalling steady momentum in core income streams.
Expenses, however, moved in tandem with growth. Total costs nearly quadrupled to Rs 1,982.9 crore in FY26 from Rs 524.8 crore in FY25, with finance costs alone rising to Rs 745.1 crore from just Rs 7.7 crore a year earlier, reflecting increased borrowing and scale of operations. Employee expenses also grew to Rs 387.3 crore, while other expenses expanded to Rs 755 crore.
Profit before tax stood at Rs 1,911.7 crore for the year, slightly below Rs 1,946.9 crore in FY25. After accounting for a total tax outgo of Rs 350.8 crore, the company reported its final net profit figure.
Beyond the income statement, the balance sheet tells a story of rapid expansion. Total assets surged to Rs 1,63,497 crore as of March 31, 2026, up from Rs 1,33,510 crore a year earlier. Investments alone stood at Rs 1,33,088.7 crore, underscoring the company’s strong focus on treasury and financial asset growth.
However, the year also saw sharp volatility in other comprehensive income, which swung to a loss of Rs 16,028.3 crore, largely driven by fair value changes in equity instruments. This dragged total comprehensive income for FY26 to a negative Rs 15,756.1 crore, compared to a positive Rs 14,870 crore in FY25.
On the capital front, the company’s paid-up equity share capital remained steady at Rs 6,353.1 crore, with other equity rising to Rs 1,27,500.5 crore.
The numbers reflect a business in transition scaling rapidly across lending, investments and fee-based services, but also navigating the volatility that comes with mark-to-market movements in financial assets. In other words, while the top line is accelerating, the fine print still carries a few swings.
