17 Jul , 2026 By : Debdeep Gupta
Jio Financial Services shares are trading 3.85% higher at Rs 244.73 after the company reported a 156% year-on-year jump in consolidated net profit to Rs 830 crore for Q1FY27, compared with Rs 325 crore in the year-ago period.
The stock had gained as much as 4.56?rlier in the session.
Consolidated revenue from operations surged 227% to Rs 2,004 crore from Rs 612 crore a year earlier, while net profit rose 205% sequentially from Rs 272 crore in Q4FY26.
Total income increased 141% year-on-year to Rs 1,496 crore, driven by a 165% jump in interest income to Rs 962 crore.
Fees and commission income rose fivefold to Rs 325 crore, while the company also reported dividend income of Rs 509 crore.
Despite a 291% rise in total expenses to Rs 991 crore, pre-provision operating profit (PPOP) increased 38% year-on-year to Rs 505 crore.
"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. We continue to drive robust growth in our tailored lending solutions, expand access to innovative investment products through our asset management arm, and power the operational turnaround of our payments business through revenue diversification and strict focus on unit economics. Given the massive opportunity in the country for deeper penetration in sectors like investment solutions and insurance, we are accelerating our investments towards some of our newer businesses including our JVs with BlackRock and Allianz in these areas, which will yield significant benefits over a period of time," Hitesh Sethia, Managing Director and CEO, Jio Financial Services, said.
The company's NBFC business maintained strong organic growth, with quarterly disbursements exceeding Rs 11,000 crore. Insurance premium facilitated increased to Rs 238 crore from Rs 154 crore, while the asset management business reported closing AUM of Rs 18,412 crore in Q1. Reinsurance premium underwritten stood at Rs 266 crore in the first quarter of operations.
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