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Jio Financial Services Ltd (JFS) on Thursday (July 16) reported consolidated profit after tax (PAT) of ₹830 crore for the quarter ended June 30, 2026 (Q1 FY27), up 156% year-on-year.
The consolidated total income excluding dividend income stood at ₹1,496 crore, rising 141% year-on-year. The company's Pre-Provisioning Operating Profit (PPOP), excluding dividend income, increased 38% year-on-year to ₹505 crore during the quarter.
Consolidated profit before tax (PBT) excluding dividend income rose 18% year-on-year to ₹461 crore, while PBT including dividend income increased 131% year-on-year to ₹970 crore.
Jio Financial Services said its total consolidated shareholders’ equity stood at ₹1.37 lakh crore as of June 30, 2026. The company received the second tranche of ₹5,934 crore from the promoter group, taking the total cumulative capital infusion to ₹9,890 crore.
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The company said Jio Payments Bank Limited and Jio Payment Solutions Limited achieved operational turnaround during Q1 FY27.
Jio Payments Bank Ltd
The bank reported total income of ₹83 crore in Q1 FY27, rising 7.7 times year-on-year. Total customer deposits stood at ₹617 crore, up 72% YoY. The bank’s Current Account, Savings Account (CASA) customer base increased 51% YoY to 3.9 million accounts, while average deposit per customer rose 16% YoY to ₹1,540.
The active Business Correspondent (BC) network expanded to 5,27,037 touchpoints compared with 50,192 in Q1 FY26 and 3,78,568 in Q4 FY26.
Jio Payments Bank also managed digital toll processing operations across 20 toll plazas, including one FASTag Automatic Number Plate Recognition (ANPR)-based Multi-Lane Free-Flow (MLFF) solution for barrierless tolling
Jio Payment Solutions Ltd
Jio Payment Solutions reported Total Payment Value (TPV) of ₹19,208 crore, up 2.5 times year-on-year. Gross fee and commission income increased 6.4 times YoY to ₹176 crore, resulting in net fee and commission income of ₹24 crore, up 3.4 times YoY.
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The company said it focused on unit-level profitability, with net processing margins expanding to 12 basis points. It also launched cross-border settlement infrastructure to facilitate international remittances for Indian exporters.
Jio Insurance Broking Ltd
Jio Insurance Broking facilitated premiums of ₹238 crore in Q1 FY27, up 1.6 times year-on-year. Total fee and commission income increased 131% YoY to ₹61 crore during the quarter. The Digital Point of Sales Person (PoSP) channel’s premium grew around 11 times YoY, with the channel present across 25 states.
JioBlackRock Asset Management
JioBlackRock Asset Management reported closing Assets Under Management (AUM) of ₹18,412 crore, up 21% sequentially. The company said 44% of investors have active Systematic Investment Plans (SIPs), while 36% of retail AUM comes from beyond the top 30 (B30) cities. Around 18.5% of investors are new to mutual funds.
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The New Fund Offer (NFO) for the Prism Specialised Investment Fund (SIF) Hybrid Long-Short Fund closed on July 13, 2026, raising over ₹150 crore. The company also received final approval from the Financial Services Centres Authority (IFSCA) to operate as a retail fund management entity in GIFT City.
Jio Credit Ltd
Jio Credit, the company's non-banking financial company (NBFC) arm, reported strong growth with gross Assets Under Management (AUM) rising to ₹30,667 crore in Q1 FY27 from ₹11,665 crore a year ago. Quarterly disbursements increased to ₹11,252 crore from ₹4,127 crore in Q1 FY26.
JCL's profit after tax increased 113% year-on-year to ₹96 crore, driven by AUM growth and operational efficiency gains. Net Interest Income rose 118% year-on-year to ₹257 crore, while pre-provisioning operating profit increased 128% to ₹154 crore.
The company's product mix comprised mortgages (home loans and Loan Against Property) at 45.4%, retail Loan Against Securities at 10.4%, and corporate and small and medium enterprise (SME) loans at 44.2%.
Jio Credit's borrowings increased to ₹28,120 crore in Q1 FY27 from ₹8,603 crore in Q1 FY26. The company's average cost of borrowing stood at 7.07%, while the capital adequacy ratio was at 22.35%.
Jio Allianz Reinsurance and General Insurance
Allianz Jio Reinsurance Limited underwrote gross premiums of ₹266 crore during its first full quarter of operations. Jio Allianz General Insurance Limited has been incorporated as a 50:50 joint venture, with statutory and regulatory clearance processes currently underway.
Hitesh Sethia, Managing Director and CEO, Jio Financial Services said: "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 a 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."
Shares of Jio Financial Services Ltd ended at ₹235.65, down by ₹0.85, or 0.36%, on the BSE.
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