Jio Financial Services Q1 FY27 total income surges 141% to INR1,496 crore

Earnings
โดย GuruFocus·Read original
Summary · why it matters

Jio Financial Services reported consolidated total income excluding dividends grew 141% year on year to INR1,496 crore in the first quarter of fiscal 2027. The lending arm JioCredit saw gross assets under management surge 2.6 times to INR30,667 crore, while Jio Payment Solutions' total payment volume value rose 2.5 times to INR19,208 crore. The joint venture Jio BlackRock AMC increased its closing AUM 21% sequentially to INR18,412 crore, and Jio Payment Bank deposits grew 1.7 times to INR617 crore. Total expenses climbed to INR991 crore from INR254 crore a year earlier, driven by business scaling, and the share of associates and joint ventures posted a loss of INR19 crore.

Impact on stocks 1

Digital Finance & Tokenization▲ · 1 stocks

Off-coverage companies 5

Jio Financial Services LimitedPrivate▲ Positive
Capitalrelevance

Total income surged 141% YoY, driven by strong growth in lending and payments businesses.

Jio Credit LimitedPrivate▲ Positive
Demandrelevance

Gross AUM surged 2.6 times to INR30,667 crore, showing strong loan demand.

Jio Payment Solutions LimitedPrivate▲ Positive
Demandrelevance

Total payment volume value rose 2.5 times to INR19,208 crore, reflecting increased usage.

Jio Payments Bank LimitedPrivate▲ Positive
Demandrelevance

Deposits grew 1.7 times to INR617 crore, indicating strong customer adoption.

Jio BlackRock Asset Management Private LimitedPrivate± Mixed
relevance

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