Jio Financial Services share price gains on strong Q1 results

Jio Financial Services share price climbed about 6 percent on the NSE and BSE on Friday after the company reported a Q1 FY27 consolidated net profit of ₹830 crore, up 156 percent year on year, with revenue from operations rising to ₹2,004 crore.

Jio Financial Services share price today

Stock Performance

Metric	Value
Close (previous session, BSE)	₹235.65
Intraday level (Friday, BSE)	₹250.00
Day change (approximate)	+6.1%

• Jio Financial Services shares moved from ₹235.65 to around ₹250 on the BSE.
• The stock was quoted 3.8 percent higher at ₹244.41 in early trade, according to NSE data.
• The move followed Q1 FY27 results announced after market hours on Thursday.

Why the stock moved

Key Event

Item	Details
Event	Q1 FY27 earnings announcement
Net profit	₹830 crore
YoY net profit change	+156% vs ₹325 crore
Sequential net profit change	+205% vs ₹272 crore
Revenue from operations	₹2,004 crore
YoY revenue change	+227% vs ₹612 crore

• Consolidated net profit rose to ₹830 crore, a 156 percent increase year on year.
• Revenue from operations reached ₹2,004 crore, up 227 percent from ₹612 crore a year earlier.
• Strong growth in lending, payments and fee income drove the earnings surprise.
• The company also booked dividend income of ₹509 crore in the quarter.
• Brokerage Motilal Oswal described the quarter as “healthy” and maintained a positive stance.

Financial highlights

Consolidated Performance

Metric	Q1 FY27	YoY Change
Net profit (PAT)	₹830 crore	+156% vs ₹325 crore
Revenue from operations	₹2,004 crore	+227% vs ₹612 crore
Total income (ex-dividend)	₹1,496 crore	+141%
Dividend income	₹509 crore	Not comparable
Interest income	₹962 crore	+165%
Fee & commission income	₹325 crore	>5x vs ₹54 crore
Total expenses	₹991 crore	+291%
PPOP (ex-dividend)	₹505 crore	+38%
PBT (ex-dividend)	₹461 crore	+18%
PBT (incl. dividend)	₹970 crore	+131%

• Interest income increased 165 percent to ₹962 crore, supporting core profitability.
• Fee and commission income rose to ₹325 crore, more than five times the year-ago level.
• Total income excluding dividend stood at ₹1,496 crore, up 141 percent year on year.
• Operating expenses grew 291 percent to ₹991 crore, reflecting scale-up and new investments.
• Pre-provision operating profit rose 38 percent to ₹505 crore despite higher costs.
• Profit before tax including dividend income reached ₹970 crore, up 131 percent.

Lending business: Jio Credit

Jio Credit Limited Performance

Metric	Q1 FY27	Q1 FY26	Change
Gross AUM	₹30,667 crore	₹11,665 crore	2.6x
Quarterly disbursements	₹11,252 crore	₹4,127 crore	2.7x
Net interest income	₹257 crore	Not specified (base)	+118%
PPOP	₹154 crore	Not specified (base)	+128%
PAT	₹96 crore	Not specified (base)	+113%
Borrowings	₹28,120 crore	₹8,603 crore	+226%
Capital adequacy ratio	22.35%	Not given	NA

• Jio Credit’s gross AUM expanded to ₹30,667 crore, a 2.6 times increase year on year.
• Quarterly disbursements rose to ₹11,252 crore, up 173 percent from the prior year.
• Net interest income climbed 118 percent to ₹257 crore, driven by loan book growth.
• Pre-provision operating profit increased 128 percent to ₹154 crore.
• Profit after tax from Jio Credit rose 113 percent to ₹96 crore.
• Borrowings grew to ₹28,120 crore, with an average cost of 7.07 percent.
• The capital adequacy ratio was 22.35 percent.

Jio Credit Product Mix

Segment	Share of AUM
Mortgages (home loans, LAP)	45.4%
Corporate and SME loans	44.2%
Retail loans against securities	10.4%

• Mortgages formed the largest share of Jio Credit’s portfolio at 45.4 percent of AUM.
• Corporate and SME lending contributed 44.2 percent.
• Retail loans against securities accounted for 10.4 percent of the book.

Payments and digital platforms

Jio Payments Bank

Metric	Q1 FY27	YoY Change
Total income	₹83 crore	7.7x
Customer deposits	₹617 crore	+72%
CASA customer base	3.9 million	+51%
Average deposit per customer	₹1,540	+16%
Active BC touchpoints	5,27,037	>10x vs 50,192

• Jio Payments Bank reported total income of ₹83 crore, up nearly eight times year on year.
• Deposits increased 72 percent to ₹617 crore.
• CASA accounts grew 51 percent to 3.9 million customers.
• The business correspondent network expanded to more than 5.27 lakh touchpoints.
• The bank managed digital toll processing at 20 plazas, including an ANPR-based MLFF solution.

Jio Payment Solutions

Metric	Q1 FY27	YoY Change
Total payment value (TPV)	₹19,208 crore	2.5x
Gross fee & commission income	₹176 crore	6.4x
Net fee & commission income	₹24 crore	3.4x
Net processing margin	12 basis points	Expanded

• TPV in Jio Payment Solutions rose 2.5 times to ₹19,208 crore.
• Gross fee and commission income increased 6.4 times to ₹176 crore.
• Net fee and commission income climbed to ₹24 crore, up 3.4 times year on year.
• The company focused on unit-level profitability, lifting net processing margins to 12 bps.
• Cross-border settlement infrastructure was launched to support exporters’ international remittances.

Insurance and asset management

Insurance and Broking

Metric	Q1 FY27	YoY Change
Allianz Jio Reinsurance gross premiums	₹266 crore	First full quarter
Jio Insurance Broking facilitated premiums	₹238 crore	1.6x
Jio Insurance Broking fee & commission income	₹61 crore	+131%

• Allianz Jio Reinsurance underwrote ₹266 crore of gross premiums in its first full quarter.
• Jio Insurance Broking facilitated ₹238 crore of premiums, up 1.6 times year on year.
• Fee and commission income at the broking arm rose 131 percent to ₹61 crore.
• The PoSP digital channel’s premium grew about eleven times year on year and now spans 25 states.

JioBlackRock Asset Management

Metric	Value
Closing AUM	₹18,412 crore
Sequential AUM change	+21%
Investors with active SIPs	44%
Retail AUM from B30 cities	36%
Investors new to mutual funds	18.5%
Prism SIF NFO collections	>₹150 crore

• JioBlackRock AMC’s AUM rose 21 percent sequentially to ₹18,412 crore.
• Systematic investment plans are active for 44 percent of investors.
• Around 36 percent of retail AUM originates from beyond top 30 cities.
• Nearly 18.5 percent of investors are new to mutual funds.
• The Prism Specialised Investment Fund Hybrid Long-Short NFO raised over ₹150 crore.
• The AMC received final IFSCA approval to operate as a retail fund manager in GIFT City.

Management commentary

• Jio Financial Services reported consolidated shareholders’ equity of ₹1.37 lakh crore as of June 30, 2026.
• The company received a second capital infusion tranche of ₹5,934 crore from the promoter group.
• Cumulative capital infusion now stands at ₹9,890 crore.
• Management reported operational turnaround in the payments businesses during Q1 FY27.

> “The sustained business momentum across our verticals validates the granular architecture of our full-stack ecosystem and the strength of our execution. By strategically integrating AI and data analytics, we have unlocked significant efficiency gains across the value chain.”

Hitesh Sethia, Managing Director and CEO

• Sethia said Jio Financial is accelerating investments in newer businesses, including joint ventures with BlackRock and Allianz.
• He pointed to long-term opportunities in investment solutions and insurance penetration in India.

What investors are watching

• Motilal Oswal has a “buy” rating on Jio Financial Services with a target of ₹315 per share.
• The target implies a potential upside of about 34 percent from recent levels.
• The brokerage noted strong scaling of Jio Credit, with AUM crossing ₹30,000 crore.
• It also noted improving profitability in payments and continued traction in insurance and AMC.
• Operating expenses remain elevated due to investments in incubating and scaling businesses.
• Motilal Oswal cut FY27 and FY28 EPS estimates by 4 percent and 6 percent respectively to reflect higher opex.
• It models consolidated PAT to grow at a 46 percent CAGR over FY26 to FY28.
• The stock is trading at around 1 times estimated FY27 price-to-book value, according to the brokerage.
• The next catalyst for the market will be Jio Financial’s Q2 FY27 performance and progress on its Allianz general insurance joint venture approvals.

Frequently Asked Questions

Why did Jio Financial Services share price rise today?

Jio Financial Services shares gained around 6 percent after the company reported strong Q1 FY27 results. Consolidated net profit jumped 156 percent year on year to ₹830 crore, while revenue from operations rose 227 percent to ₹2,004 crore. Growth in lending through Jio Credit, improved performance in payments, and higher fee and commission income supported the earnings. The market reacted to this broad-based business momentum and improved profitability.

How did Jio Financial Services perform in Q1 FY27?

In Q1 FY27, Jio Financial Services posted consolidated net profit of ₹830 crore, up 156 percent from ₹325 crore a year earlier. Revenue from operations increased to ₹2,004 crore, a 227 percent rise. Interest income grew 165 percent to ₹962 crore and fee and commission income exceeded fivefold growth to ₹325 crore. Despite a 291 percent jump in total expenses, pre-provision operating profit rose 38 percent to ₹505 crore, supported by lending and payments growth.

What are the key growth drivers for Jio Financial Services now?

Main growth drivers include Jio Credit’s expanding loan book, with AUM at ₹30,667 crore and disbursements of ₹11,252 crore, plus strong traction in payments through Jio Payments Bank and Jio Payment Solutions. Insurance and asset management are scaling, with Allianz Jio Reinsurance premiums of ₹266 crore and JioBlackRock AMC AUM of ₹18,412 crore. Management is also investing in AI-driven efficiency and new ventures with BlackRock and Allianz, which are expected to support long-term growth.