Jio Financial Services Q2 FY27 Results: Consolidated Income Rises 131.7% To ₹1,699 Crore, But Net Profit Falls 51.1%

Jio Financial Services Limited reported consolidated total income of ₹1,699 crore for Q2 FY27, up 131.7% from ₹733 crore in the corresponding quarter last year. Profit after tax (PAT), however, declined 51.1% to ₹340 crore from ₹695 crore.

Pre-provisioning operating profit (PPOP) increased 85.2% year-on-year to ₹574 crore. Profit before tax (PBT) fell 37.5% to ₹489 crore due to the impact of changes in dividend income and the accounting treatment of group investments.

The Jio Financial Services share price closed at ₹219.01 on 15 October 2026 on the National Stock Exchange (NSE).

Jio Financial Services Q2 Results: Consolidated Financial Highlights

Interest income increased 220.9% year-on-year to ₹1,258 crore. Fees and commission income also rose 97.9% to ₹277 crore. Net gains from fair value changes declined 8.3% to ₹165 crore.

Total expenses increased 166.0% to ₹1,125 crore, including finance costs of ₹578 crore, up 325.0%. Provisions rose to ₹41 crore from ₹13 crore, while the share of associates and joint ventures moved from income of ₹217 crore to a loss of ₹44 crore.

For the first half of FY27, consolidated total income increased 136.0% to ₹3,195 crore. PPOP rose 59.6% to ₹1,079 crore, PBT increased 21.9% to ₹1,459 crore, and PAT grew 14.8% to ₹1,171 crore.

The company reported consolidated total assets of ₹1,81,666 crore as of 30 September 2026, compared with ₹1,63,497 crore on 31 March 2026. Loans increased to ₹37,493 crore from ₹25,711 crore. Cash and bank balances rose to ₹12,459 crore from ₹3,598 crore.

Which Businesses Recorded Strong Growth?

Jio Credit: Gross assets under management (AUM) rose 153.7% year-on-year to ₹37,320 crore. Disbursements increased 98.3% to ₹13,135 crore. Net interest income rose 115.7% to ₹302 crore, while PAT climbed 140% to ₹120 crore.

Jio Payments Bank: Total income increased to ₹94 crore from ₹30 crore. Customer deposits rose 52.7% to ₹643 crore, while the business correspondent network expanded to 633,030 touchpoints from 200,313 a year earlier.

Jio Payment Solutions: Total payment value reached ₹19,208 crore, up 41.6% year-on-year. Gross fee and commission income increased 73.7% to ₹176 crore, while net fee and commission income rose 70.0% to ₹130 crore. Net processing margin improved to 14 basis points from 9 basis points.

JioBlackRock: Quarterly average assets under management increased 56.7% to ₹22,746 crore. Wealth management AUM rose 76.7% to ₹22,769 crore. The company also expanded its mutual fund range and reported ₹478 crore in specialised investment fund AUM within three months of launch.

Jio Insurance Broking: Total premium facilitated increased approximately sevenfold year-on-year to ₹346 crore. The company reported a 55% quarter-on-quarter increase in direct-to-customer conversion rates.

The company also reported that Bank of America had entered into a joint venture agreement to acquire up to 49.9% in Jio Credit, subject to regulatory and statutory approvals and exercise of warrants, if fully subscribed. Jio Allianz General Insurance Limited was in the advanced stages of regulatory approvals, while a non-binding agreement was in place for a proposed life insurance joint venture with Allianz.

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