Mumbai, October 15, 2026: Jio Financial Services Limited reported a 132% year-on-year increase in consolidated total income (excluding dividend) to ₹1,699 crore for the quarter ended September 30, 2026 (Q2 FY27), with half-year total income reaching ₹3,195 crore, up 136% from the previous year.
The company’s pre-provisioning operating profit (PPOP, ex-dividend) rose 85% year-on-year to ₹574 crore for Q2 FY27, while profit before tax (PBT, ex-dividend) increased 51% to ₹489 crore. Profit after tax (PAT) for the quarter stood at ₹340 crore, and for the half-year, PAT reached ₹1,171 crore, representing a 15% year-on-year rise.
Shareholders’ equity and business segments
As of September 30, 2026, consolidated shareholders’ equity was ₹1.3 lakh crore. The company’s non-banking financial company (NBFC) arm, Jio Credit Limited, reported assets under management (AUM) of ₹37,320 crore, a 154% year-on-year increase, with NBFC PAT up 140% to ₹120 crore.
Jio BlackRock, the asset management company (AMC) joint venture, saw closing AUM expand 57% year-on-year to ₹22,746 crore, with its Liquid Fund maintaining a top-tier position, according to the company.
Strategic partnership and new ventures
During the quarter, Bank of America entered into a joint venture agreement to acquire up to 49.9% in Jio Credit Limited, subject to regulatory approvals.
In the reinsurance segment, Allianz Jio underwrote ₹510 crore in gross written premiums in its first six months of operations. The insurance broking business facilitated a total insurance premium of ₹346 crore.
Payments and digital platforms
Total payment value (TPV) for the company’s payment solutions reached ₹14,682 crore, up 8% year-on-year, with net processing margin expanding to 14 basis points. Deposits at the payments bank grew 53% year-on-year to ₹643 crore, with the CASA customer base expanding to approximately 40 lakh accounts.
The JioFinance app scaled to 3.2 crore unique users, introducing new ecosystem features such as JioFinance+ and JioFinance360.
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