Jio Financial Services Q1 net profit surges 156% YoY to ₹830 crore, revenue tops ₹2,000 crore
Reliance's financial arm posted Q1 FY27 net profit of ₹830 crore, up 156% YoY and 205% QoQ, with revenue crossing ₹2,004 crore. Growth was driven by higher interest income (₹962 crore), fees and dividend income (₹509 crore) across its payments, lending and asset-management businesses.
Reliance's financial arm Jio Financial Services posted Q1 FY27 net profit of ₹830 crore, up 156% YoY, with revenue crossing ₹2,000 crore, driven by higher interest, fees and dividend income across payments, lending and asset-management arms.
Why this matters
The 156% profit surge builds on Q1 results that more than doubled net profit to ₹830 crore, even as Goldman Sachs recently offloaded a ₹62 Cr stake to Morgan Stanley amid a sliding stock.
Retail-company signals are accelerating, up 834,300% QoQ.