Jio Financial Services has announced robust financial results for the second quarter of fiscal year 2027, ending September 30, 2026. The company reported a significant 132% year-on-year growth in consolidated total income, reaching ₹1,699 crore. This performance was underpinned by strong operational velocity and growth across its lending, payments, asset management, and insurance verticals, reflecting successful strategic execution and expanding market presence.
Jio Financial Services Reports Strong Q2 FY27 Performance
Jio Financial Services Limited (JFS) has unveiled impressive financial results for the second quarter (Q2) and the first half (H1) of fiscal year 2027, ending September 30, 2026. The company demonstrated substantial growth, driven by its expanding portfolio of financial services.
Key Financial Highlights (Q2 FY27)
- Consolidated Total Income (Excluding Dividend): Increased 132% year-on-year to ₹1,699 crore.
- Pre-Provisioning Operating Profit (PPOP): Saw a surge of 85% year-on-year to ₹574 crore.
- Consolidated Profit Before Tax (Excluding Dividend Impact): Grew 51% year-on-year to ₹489 crore.
- Profit After Tax: Stood at ₹340 crore for the quarter.
First Half FY27 Performance
- Consolidated Total Income (Excluding Dividend): Rose 136% year-on-year to ₹3,195 crore.
- Pre-provisioning operating profit: Up 60% year-on-year to ₹1,079 crore.
- Consolidated profit before tax: Increased to ₹951 crore, up 33% year-on-year.
- Profit after tax: Reached ₹1,171 crore for the six-month period.
Operational Growth Drivers
The company’s performance was bolstered by significant scaling across its core businesses. In the lending vertical, Jio Credit’s Gross Assets Under Management (AUM) rose to ₹37,320 crore as of September 30, 2026, representing a 154% year-on-year growth. Jio Payments Bank expanded its customer deposit base to ₹643 crore, with a 53% year-on-year increase across 40 lakh CASA accounts.
In asset management, JioBlackRock AMC’s Closing AUM reached ₹22,746 crore, a 57% year-on-year growth. The company also highlighted strategic partnerships and product innovations, including the JioFinance app’s enhanced user engagement and the introduction of new features like JioFinance+ and JioFinance360, aimed at deepening customer relationships and providing value-added services.
Strategic Milestones
The quarter also saw progress towards JFS’s goal of offering new-age, hyper-personalized financial services. Key developments include a landmark partnership with Bank of America for a 49.9% stake in Jio Credit, expected to bring approximately ₹18,000 crore in growth capital, subject to regulatory approvals. The company’s robust capital foundation, with Total Consolidated Shareholders’ Equity at ₹1.3 lakh crore, positions it well for future growth.
Source: BSE
