Jio Financial Services Q2 FY27: Loan Book Surges 154% to ₹37,320 Cr, Net Profit ₹340 Cr
Jio Financial Services reported strong Q2 FY27 results. Loan AUM surged 154% to ₹37,320 crore, with PAT at ₹120 crore. Deposits grew 53% to ₹643 crore. Consolidated PAT was ₹340 crore. A key development includes Bank of America's planned ₹18,000 crore investment in Jio Credit.
The announcement details substantial growth in core business areas like lending and payments, a significant capital infusion through a partnership, and the launch of innovative customer-centric features, all of which are expected to have a material impact on the company's market position and financial trajectory.
The company reported significant year-on-year growth across key financial metrics like AUM, deposits, and profits, along with strategic partnerships and new product launches, indicating positive performance and future potential.
Jio Financial Services Limited (JFS) has reported robust performance for the second quarter and half-year ended September 30, 2026. The company's MD & CEO, Hitesh Sethia, highlighted progress in providing new-age, hyper-personalized financial services, with industry-first initiatives rolled out on the JioFinance app.
In the lending business, Jio Credit's Gross Assets Under Management (AUM) grew by 154% year-on-year to ₹37,320 crore as of September 30, 2026. Gross disbursements reached an all-time high of ₹13,135 crore, up 98% year-on-year. The lending entity's Profit After Tax (PAT) surged 140% year-on-year to ₹120 crore.
The payments segment saw Jio Payments Bank expand its customer deposit base to ₹643 crore, a 53% year-on-year increase across 40 lakh CASA accounts. At Jio Payment Solutions, Total Payment Value (TPV) stood at ₹14,682 crore, with a strategic pivot towards margin-accretive merchant segments leading to higher net processing margins.
In asset management, JioBlackRock AMC's Closing AUM reached ₹22,746 crore, growing 57% year-on-year. In insurance broking, Jio Insurance Broking Limited facilitated total premiums of ₹346 crore, and Allianz Jio Reinsurance Limited underwrote ₹244 crore in Gross Written Premium.
Consolidated Total Income, excluding a dividend impact, grew 132% year-on-year to ₹1,699 crore for Q2 FY27. Pre-Provisioning Operating Profit reached ₹574 crore (up 85% year-on-year), and Consolidated Profit Before Tax increased 51% year-on-year to ₹489 crore. PAT for the quarter was ₹340 crore.
For the six months ended September 2026, Consolidated Total Income increased 136% year-on-year to ₹3,195 crore, with profit before tax up 33% year-on-year to ₹951 crore. PAT for this period was ₹1,171 crore.
Key strategic developments include a partnership with Bank of America for a 49.9% stake in Jio Credit, expected to bring around ₹18,000 crore in growth capital. The company also launched two new features: JioFinance+, a value-back membership program, and JioFinance360, a financial health assessment platform.
JFS's total consolidated shareholders' equity stood at ₹1.3 lakh crore as of September 30, 2026. The company continues to leverage its digital-native architecture and AI initiatives to optimize operations and enhance customer experience, with a focus on building a full-stack financial services institution.
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