JioStar’s provision for losses in sports contracts down 31% in FY26

JioStar India, the joint venture between Reliance Industries and Walt Disney, reduced its provision for onerous sports contracts by 31.12% to Rs 17,742 crore in FY26, according to its latest annual report released on Thursday. The sharp reduction follows a steep rise in such provisions in FY25, when the company more than doubled the expected loss buffer on sports rights contracts to Rs 25,760 crore from Rs 12,319 crore in FY24.