Jio Financial Services (JIOFIN) Q2 26/27 earnings summary

Executive summary

• Q2 FY27 income excluding dividend rose 132% YoY to INR 1,699 crore; ex-dividend PPOP increased 85% to INR 574 crore and ex-dividend PBT rose 51% to INR 489 crore.

• Lending, payments, investing and insurance expanded through digital distribution, AI-led operations and partnerships; digital properties reached 3.2 crore unique users and channels covered 19,000+ PIN codes.

• Consolidated shareholders’ equity was INR 1.3 lakh crore as of September 30, 2026, supporting growth-stage and nascent businesses.

Financial highlights

• Q2 consolidated income excluding dividend increased 132% YoY and 14% QoQ to INR 1,699 crore; H1 rose 136% YoY to INR 3,195 crore.

• Q2 PPOP was INR 574 crore, up 85% YoY; H1 PPOP reached INR 1,079 crore, up 60% YoY.

• Q2 ex-dividend PBT was INR 489.46 crore, up 51% YoY; reported PAT was INR 340.44 crore. H1 reported PAT was INR 1,170.69 crore, up 15% YoY.

• H1 reported revenue from operations was INR 3,703.75 crore and PBT was INR 1,459.14 crore; ex-dividend PBT was INR 951 crore, up 33% YoY.

• Q2 interest income grew 221% YoY to INR 1,258 crore and fee and commission income nearly doubled to INR 277 crore; total expenses rose 166% to INR 1,125 crore.

Outlook and guidance

• JioBlackRock’s GIFT City entity planned to launch the Advantage World Equity Fund (IFSC) in Q3 FY27, subject to the regulatory process.

• JioFinance+ launched for a closed user group in October 2026; JioFinance360 was slated for launch shortly.

• Jio Allianz General Insurance was in advanced regulatory approvals; a proposed Life Insurance JV remained under a non-binding agreement.

• Investment plans include incubating early-stage ventures and providing support capital to businesses scaling their operations.