Jio Financial Services Q2 Outcomes: PAT drops 51% YoY to Rs 340 crore; NII soars 165%
Pre-provisioning working revenue (PPOP), nonetheless, rose 85% year-on-year to Rs 574 crore in Q2FY27, from Rs 310 crore in Q2FY26.
Total earnings greater than doubled, rising 132% year-on-year to Rs 1,699 crore within the September quarter, in contrast with Rs 733 crore a yr earlier.
Net curiosity earnings (NII) soared 165% year-on-year to Rs 680 crore in Q2FY27, in contrast with Rs 257 crore within the corresponding quarter of the earlier fiscal.
Interest earnings elevated 221% to Rs 1,258 crore from Rs 393 crore in Q2FY26. Income from charges and commissions rose 98% to Rs 277 crore, in contrast with Rs 140 crore within the year-ago interval.
Total bills additionally elevated 166% year-on-year to Rs 1,125 crore in Q2FY27, from Rs 423 crore within the corresponding quarter of the earlier fiscal.
Q2 FY27 corporate affairs highlights
Jio Financial Services reported progress throughout a number of corporate affairs metrics throughout the quarter. Jio Gold buy transactions elevated 199% year-on-year, whereas tax filings rose 40%. Fixed deposit gross merchandise worth (GMV) elevated 50% quarter-on-quarter.The firm issued greater than 34 crore factors to 77 lakh prospects, whereas PPC amongst JioLevel was 25% increased.
JioBlackRock launched Regular Plans throughout its choices to allow broader investor participation. Its Liquid Fund ranked first since inception, with quarterly common property underneath administration (QAAUM) of greater than Rs 10,000 crore. Its Overnight and Arbitrage funds ranked within the prime quartile of their respective classes since inception. The firm’s Specialised Investment Fund (SIF) property underneath administration scaled to Rs 478 crore inside three months of launch, putting it among the many prime 10 within the class.
The GIFT City entity is about to launch the JioBlackRock Advantage World Equity Fund (IFSC) in Q3FY27, enabling world funding alternatives.
The direct-to-customer channel recorded a 55% quarter-on-quarter enhance in conversion charges throughout merchandise, pushed by greater than 200 tailor-made buyer journeys.
The institutional channel reported 35% progress in account acquisitions and renewals, supported by structured originations.
In the digital point-of-sale particular person (POSP) channel, premiums facilitated elevated practically sevenfold year-on-year. The enhanced platform helps buyer journeys throughout 42 motor, well being and time period insurance coverage insurance policies.
NBFC corporate affairs and consolidated fairness
Jio Financial Services accomplished the complete consolidation of RSHL as a completely owned step-down subsidiary with impact from April 29, 2026. RSHL was beforehand accounted for underneath share of associates and joint ventures.
The non-banking monetary firm (NBFC) corporate affairs reported a 140% year-on-year enhance in PAT to Rs 120 crore, pushed by sustained progress in property underneath administration (AUM).
The firm mentioned it maintained focused investments to scale growth-stage companies and incubate nascent companies.
Total consolidated shareholders’ fairness stood at Rs 1.3 lakh crore as of September 30, 2026.
Net processing margin improved to 14 foundation factors in Q2FY27, in contrast with 9 foundation factors in Q2FY26 and 12 foundation factors in Q1FY27. Net charge and fee earnings per worker, on a last-twelve-month foundation, elevated greater than twofold year-on-year.
Jio Financial Services share worth
Jio Financial Services shares ended practically flat at Rs 219.01 apiece on Thursday, in contrast with the earlier shut of Rs 219.00.
The inventory has declined 26% thus far in 2026, in keeping with the info cited. The firm had a market capitalisation of Rs 1,44,615
Disclosure: This article has been written by Kumar Gaurav, who isn’t a Sebi-registered Research Analyst or an Investment Adviser. Gaurav and their ‘relative(s)’ (as outlined underneath Section 2(77) of the Companies Act, 2013) don’t maintain any monetary curiosity within the corporations talked about on this article as of the date of publication. The views/suggestions talked about on this article, wherever relevant, are these of the respective Sebi-registered Research Analyst/brokerage and have been reproduced/reported with due attribution. They shouldn’t be construed because the views or suggestions of The Economic Times Digital or the journalist. Readers are suggested to think about the unique analysis report and make their funding selections based mostly on their very own evaluation. Brokerage disclaimers here
