Mumbai, October 16, 2026: The Board of Directors of Jio Financial Services Limited (“JFSL”, also referred to as the “Company”), at its meeting held in Mumbai today, approved the unaudited financial results for the second quarter and half year ended September 30, 2026 (Q2 FY27 & H1 FY27).
Key consolidated financial highlights for the quarter ended September 30, 2026:
● Total Income (ex-dividend) stood at ₹1,699 crore, up 132% YoY.
● Pre-Provisioning Operating Profit (PPOP, ex-dividend) increased by 85% YoY to ₹574 crore.
● Profit Before Tax (PBT, ex-dividend) stood at ₹489 crore, up 51% YoY.
● Profit After Tax (PAT) stood at ₹340 crore. (PAT for Q1 FY27 and Q2 FY26 included dividend income)
● NBFC PAT (Jio Credit Limited) increased 140% YoY to ₹120 crore, driven by sustained loan book growth.
● Total Consolidated Shareholders' Equity stood at ₹1.3 lakh crore as of September 30, 2026.
Key consolidated financial highlights for the half year ended September 30, 2026:
● Total Income (ex-dividend) stood at ₹3,195 crore, up 136% YoY.
● PPOP (ex-dividend) increased by 60% YoY to ₹1,079 crore.
● PBT (ex-dividend) stood at ₹951 crore, up 33% YoY.
● PAT reached ₹1,171 crore, up 15% YoY.
Key Operational Highlights for the quarter ended September 30, 2026:
● NBFC’s Assets Under Management (AUM) reached ₹37,320 crore, up 154% YoY.
● AMC’s Closing AUM expanded to ₹22,746 crore, up 57% YoY.
● Payment Solutions’ Total Payment Value (TPV) stood at ₹14,682 crore, up 8% YoY, with net processing margin expanding to 14 bps.
● Payments Bank’s Deposits reached ₹643 crore, up 53% YoY; CASA customer base stood at around 40 lakh accounts.
● Bank of America (BofA) entered into a joint venture agreement with JFSL to acquire up to 49.9% in Jio Credit Limited (subject to regulatory approvals).
The performance for the second quarter of fiscal year 2027 reflects the compounding momentum across the entire full-stack financial ecosystem. Growth was driven by disciplined, diversified loan book expansion at Jio Credit Limited, rapid scaling of asset management offerings under the BlackRock JVs, and sustained topline growth in the payments vertical. Customer adoption across high-frequency digital channels accelerated, while treasury operations provided a strong capital framework to incubate nascent ventures and support growth-stage subsidiaries.
JioFinance App:
● Clocked 3.2 crore unique users across all digital properties.
● Introduced key ecosystem innovations:
○ JioFinance+: A value-back membership program that shares a portion of platform commissions directly with customers on eligible transactions.
○ JioFinance360: A holistic financial fitness assessment and advisory engine offering contextual, actionable recommendations.
● Launched JioSilver: Digital silver investment offering launched alongside JioGold.
● Logged an average of ~36,000 product purchases per day across proprietary and third-party solutions.
● Achieved strong quarterly growth in Gross Merchandise Value (GMV), including a 50% QoQ increase in Fixed Deposit GMV, a 199% YoY surge in JioGold purchase transactions, and a 40% YoY rise in tax filings.
● Issued over 34 crore JioPoints to 77 lakh enrolled customers through the app's integrated rewards program, reinforcing user engagement.
Jio Credit Limited (JCL):
● Gross Assets Under Management (AUM) expanded to ₹37,320 crore, representing a 154% YoY growth.
● Quarterly gross disbursements nearly doubled YoY to ₹13,135 crore.
● Balanced and secured product mix comprising Mortgages (Home Loans and LAP) at 44.5%, Loan Against Securities (Retail) at 11.3%, and Corporate & SME loans at 44.2%.
● Net Interest Income (NII) increased 116% YoY to ₹302 crore, while Profit After Tax (PAT) rose 140% YoY to ₹120 crore.
● Maintained competitive funding dynamics with an average cost of borrowing at 7.08%. Total Shareholders' Equity stood at ₹7,379 crore as of September 30, 2026.
Jio Payments Bank Limited (JPBL):
● Total Income grew 213% YoY to ₹94 crore.
● Customer Deposits grew 53% YoY to ₹643 crore.
● CASA customer accounts expanded to around 40 lakh (up 38% YoY), with average balance per customer rising 14% YoY to ₹1,573.
● Active Business Correspondent (BC) network scaled 3.2x YoY to 633,030 touchpoints.
● Digital toll operations expanded across 20 toll plazas and 2 Multi-Lane Free-Flow (MLFF) barrierless tolling plazas.
Jio Payment Solutions Limited (JPSL):
● Total Payment Value (TPV) reached ₹14,682 crore, up 8% YoY.
● Gross Fee and Commission Income grew 70% YoY to ₹130 crore, generating a Net Fee & Commission Income of ₹21 crore, up 74% YoY.
● Expanded Net Processing Margin to 14 bps (vs. 9 bps in Q2 FY26 and 12 bps in Q1 FY27), reflecting an optimized merchant and product mix.
● Rolled out cross-border collection mechanisms in 100+ currencies with T+2 settlement for Indian exporters.
Joint Ventures with BlackRock:
● Jio BlackRock Asset Management: Closing AUM reached ₹22,746 crore (up 57% YoY).
● Liquid Fund ranked number one since inception, with quarterly average AUM sustaining above ₹10,000 crore.
● Overnight and Arbitrage funds ranked in the top quartile in their categories since inception.
● SIF AUM scaled to ₹478 crore within three months of launch, among the top 10 in the SIF category.
● GIFT City entity received IFSCA approval for the JioBlackRock Advantage World Equity Fund (IFSC).
● Jio BlackRock Broking: Launched self-directed investing platform featuring an introductory zero-brokerage plan across stocks, ETFs, and IPOs.
Joint Ventures with Allianz Group:
● Allianz Jio Reinsurance Limited: Underwrote gross written premium of ₹510 crore during first six months of operations while maintaining lead reinsurer status across major private insurer treaty programs and expanding Surety participation.
Jio Insurance Broking Limited (JIBL):
● Total Fee and Commission Income grew 46% YoY to ₹54 crore.
● Facilitated total insurance premium of ₹346 crore in Q2 FY27.
● Retail share of premium facilitated increased to 21% (up from 17% in Q2 FY26).
● Digital Point of Sales Person (POSP) network expanded across 28 states and 5 Union Territories, delivering ~5x YoY premium growth.
Hitesh Sethia, Managing Director and CEO, Jio Financial Services, said: "Q2 FY27 marked yet another quarter of strong operational growth across our financial services platform. Our strategic playbook is now visibly taking shape with key global partnerships established across our core pillars—lending with Bank of America, investments with BlackRock, and insurance with Allianz Group. These marquee JVs bring world-class capabilities, institutional track records, and global best practices to India, while we drive growth on our digital platform and customer engagement ecosystem.
Innovations on the JioFinance app like JioFinance+ and JioFinance360 are central to our vision of becoming a proactive finance advisor for the people of India—ensuring their long-term financial health while lowering transaction costs by passing on a portion of platform commissions directly to users. As we look ahead, we continue to invest for growth to incubate nascent ventures while deploying support capital for businesses that are actively in their scale-up phase."