Jio Financial Q1 Profit Jumps 156% as Revenue More Than Triples
Jio Financial reported a 156% rise in Q1 FY27 profit, driven by strong lending growth, higher income and expanding digital services.
SociapaHQ
Jio Financial Services Ltd (JFSL) reported a 156 per cent year-on-year increase in consolidated net profit for the first quarter of FY27, driven by strong growth in lending, higher interest income and faster customer onboarding across its digital financial services platform.
The demerged entity of Reliance Industries reported profit after tax of ₹830 crore for the quarter ended June 30, 2026 as against ₹325 crore in the corresponding quarter last year. Net profit sequentially surged 205 per cent to ₹272 crore from ₹92 crore reported in the March quarter of FY26.
Operating revenue grew 227 percent on-year to ₹2,004 crore compared with ₹612 crore a year ago.
Also Read: Delhi HC Cancels ‘ZORA’ Trademark, Backs ZARA in Trademark Dispute
Lending Growth:
Total income was helped by a 165% increase in interest income to ₹962 crore and ₹509 crore in dividend income. Fee and commission income also increased more than fivefold to Rs 325 crore.
Finance costs rose and investments in technology infrastructure and backend capabilities continued, driving a 291 per cent jump in total expenses to ₹991 crore.
Jio Financial’s lending business continued to grow rapidly during the quarter.
Its lending arm, Jio Credit Ltd, reported a 2.6x increase in gross assets under management (AUM) to ₹30,667 crore, while quarterly loan disbursements grew 2.7x year-on-year to ₹11,252 crore, reflecting strong demand for its digital lending products.
Also Read: Zepto Launches Invite-Only ‘Zepto Club’ Membership
Digital Growth:
The company’s JioFinance App crossed 25 million unique users with an average of 34,000 transactions daily across services such as consumer loans, fixed deposits and digital gold.
Two of its digital financial businesses also turned profitable in the quarter.
Customer deposits at Jio Payments Bank rose 72% to ₹617 crore. Both Jio Payments Bank and Jio Payment Solutions became operationally profitable in the quarter.
Meanwhile, Allianz Jio Reinsurance completed its first full quarter of operations, writing gross written premiums of ₹266 crore.
The company’s asset management joint venture JioBlackRock also saw growth with closing assets under management rising 21% sequentially to ₹18,412 crore.
