Jio Financial Q1 net profit more than doubles to ₹830 crore on lending, payments growth
Jio Financial Services posted a 156% YoY jump in Q1 FY27 net profit to ₹830 crore, with total income up 141% to ₹1,496 crore. Payments bank deposits rose 72% to ₹617 crore, CASA accounts hit 3.9 million, TPV grew 2.5x to ₹19,208 crore, and Jio Credit gross AUM reached ₹30,667 crore.
Jio Financial Services Q1 FY27 net profit doubled to ₹830 crore on lending and payments growth, with expanding payments bank deposits, credit disbursements, JioBlackRock AUM, and a new 50:50 Allianz general insurance JV underpinning its consumer-facing payments and financial retail surface.
Why this matters
The strong Q1 print follows recent institutional churn in the stock, with Goldman Sachs offloading a ₹62 crore Jio Financial stake to Morgan Stanley at a discount amid a 25% share slide.
Retail-company signals accelerating, up 834200% QoQ.