Jio Financial shares surge 6% as Q1FY27 profit jumps 156% to ₹830 crore
Jio Financial Services posted a 156% y-o-y net profit jump to ₹830 crore in Q1FY27, sending shares up 6%. The payments arm turned profitable and Jio Credit's AUM crossed ₹300 billion. Motilal Oswal retained a buy with a ₹315 target, though it trimmed FY27 and FY28 EPS estimates by 4% and 6%.
Jio Financial Services Q1FY27 net profit jumped 156% y-o-y to ₹830 crore, lifting shares 6%. Payments arm turned profitable; Jio Credit AUM crossed ₹300 billion. Motilal Oswal retained buy with ₹315 target amid India payment-rail relevance.
Why this matters
The 156% profit jump to ₹830 crore reinforces recent signals of Jio Financial's 2.6x AUM growth and a payments arm turnaround, where TPV rose 2.5x and deposits jumped 72% in Q1 FY27.
Retail-company signals accelerating, up 849600% QoQ.