Key Takeaways
- Consolidated net profit rose 156% YoY to Rs 830 crore in Q1 FY27, up 205% sequentially from Rs 272 crore
- Revenue from operations jumped 227% YoY to Rs 2,004 crore; EPS rose to Rs 1.27 from Rs 0.51 a year ago
- Jio Credit’s NBFC AUM more than doubled to Rs 30,667 crore, up 2.6 times YoY
- JioBlackRock AMC’s closing AUM rose 21% sequentially to Rs 18,412 crore
- Jio Payments Bank deposits grew 72% YoY to Rs 617 crore; CASA base rose 51% to 3.9 million
Jio Financial Services on July 16 reported a 156% year-on-year jump in consolidated net profit to Rs 830.25 crore for the quarter ended June 30, 2026, against Rs 324.66 crore in the same period last year, as per the company’s Q1 FY27 investor presentation. Sequentially, profit rose 205% from Rs 272.22 crore in Q4 FY26, with growth accelerating across the Reliance Industries unit’s lending, payments, asset management and insurance businesses.
Income and Profitability Metrics
Consolidated total income, excluding dividend, rose 141% YoY to Rs 1,496 crore from Rs 619 crore, driven by a 165% jump in interest income to Rs 962 crore and a more than fivefold rise in fees and commission income to Rs 325 crore from Rs 54 crore.
The company also booked dividend income of Rs 509 crore during the quarter. Pre-provisioning operating profit rose 38% YoY to Rs 505 crore, while profit before tax, including dividend income, climbed 131% YoY to Rs 970 crore from Rs 419 crore. Total expenses rose 291% YoY to Rs 991 crore on higher finance and employee costs. EPS stood at Rs 1.27 against Rs 0.51 a year earlier.
Jio Credit Drives NBFC Loan Growth
Jio Credit, the company’s NBFC arm, reported gross AUM of Rs 30,667 crore, up 2.6 times YoY from Rs 11,665 crore, with disbursements rising 173% to Rs 11,252 crore. Mortgages made up 45.4% of the loan book, corporate and SME loans 44.2%, and retail loans against securities the remaining 10.4%. Net interest income rose 118% YoY to Rs 257 crore, pre-provisioning operating profit grew 128% to Rs 154 crore, and profit after tax rose 113% to Rs 96 crore.
Payments and Digital Platforms Scale Up
Jio Payments Bank’s total income rose to Rs 83 crore from Rs 11 crore a year earlier, with customer deposits up 72% YoY to Rs 617 crore and CASA customers rising 51% to 3.9 million. Its business correspondent network expanded to more than 5.27 lakh touchpoints.
Jio Payment Solutions’ total payment value grew 2.5 times YoY to Rs 19,208 crore, with gross fee and commission income rising to Rs 176 crore from Rs 27 crore. The company’s digital properties now serve over 25 million unique users, with the Jio Finance app logging around 9 million average monthly active users during the quarter.
JioBlackRock AMC and Allianz Ventures Expand
JioBlackRock’s asset management joint venture closed the quarter with AUM of Rs 18,412 crore, up 21% from Q4 FY26, and crossed Rs 10,000 crore in liquid fund AUM in April 2026 before launching the Prism Specialised Investment Fund. Allianz Jio Reinsurance underwrote Rs 266 crore of gross written premium in its first operating quarter, while Jio Allianz General Insurance, a 50:50 JV with Allianz, was incorporated during the period to offer general and health insurance products. Insurance premium facilitated across the group rose to Rs 238 crore from Rs 154 crore.
Investors tracking institutional flows around Reliance group counters this week can check live positioning on NiftyTrader’s FII-DII Tracker: https://www.niftytrader.in/fii-dii-data
NiftyTrader Desk View
| Stock | Key Trigger | Trader View |
|---|---|---|
| Jio Financial Services | Q1 FY27 net profit up 156% YoY to Rs 830 crore; NBFC AUM crosses Rs 30,667 crore | Stock closed at Rs 235.65 on July 16, up 0.94%, in a Rs 234.10–237.91 range on NSE volume of 96.49 lakh shares |
Source: NSE, Jio Financial Services Q1 FY27 investor presentation
Check Live: JIO FINANCIAL SERVICES Ltd Futures — Live Price, Open Interest & Basis Analysis
Bottom Line
Jio Financial’s Q1 FY27 numbers show broad-based momentum across its NBFC, payments, asset management and insurance verticals, with Jio Credit and JioBlackRock AMC emerging as the fastest-scaling segments. The incorporation of Jio Allianz General Insurance and continued capital push into the BlackRock and Allianz JVs signal an expanding play in India’s insurance and asset management space, with the next two quarters likely to show whether the payments and insurance businesses can sustain this pace.
This article is for informational purposes only and does not constitute investment advice. Investors should consult a SEBI-registered financial advisor before making investment decisions. Trading and investing in securities markets are subject to market risks.
