Jio Financial Services543940Earnings call transcript

Q2 FY27 call: lending AUM Rs. 37,320 crore, PAT Rs. 340 crore, 3.2 crore app users

Transcript of the October 15, 2026 analyst call on Q2 FY27 results shared with the exchanges.

By ScoutQuest · Thu 22 Oct 2026, 3:39 PM IST · 3 min read

Consolidated Total Income for Q2 FY27 grew 132% year-on-year to Rs. 1,699 crore, excluding the dividend received in Q2 FY26.
Pre-Provisioning Operating Profit was Rs. 574 crore, up 85% year-on-year.
Consolidated Profit Before Tax, excluding that dividend impact, rose 51% year-on-year to Rs. 489 crore. Profit After Tax for the quarter was Rs. 340 crore.
For the six months ended September 2026, excluding dividend, Total Income was Rs. 3,195 crore, up 136%; Pre-Provisioning Operating Profit Rs. 1,079 crore, up 60%; Profit Before Tax Rs. 951 crore, up 33%; Profit After Tax Rs. 1,171 crore.

Lending: Jio Credit Gross Assets Under Management stood at Rs. 37,320 crore as of September 30, 2026, up 154% year-on-year, with steady sequential expansion over Q1 FY27. Jio Credit Q2 Profit After Tax rose 140% year-on-year to Rs. 120 crore.
Payments: Jio Payments Bank customer deposits grew to Rs. 643 crore, up 53% year-on-year, across 40 lakh CASA accounts. Jio Payment Solutions Total Payment Value (TPV) was Rs. 14,682 crore.
Asset management: JioBlackRock AMC closing AUM reached Rs. 22,746 crore, up 57% year-on-year and 24% sequentially.
Insurance broking: Jio Insurance Broking facilitated total premiums of Rs. 346 crore.
Reinsurance: Allianz Jio Reinsurance underwrote Rs. 244 crore in Gross Written Premium.

The JioFinance app clocked 3.2 crore unique users across all digital properties, described as the core engine for user acquisition and cross-sell.
Two new features were unveiled in the quarter. JioFinance+ is a value-back membership programme that shares a portion of platform commissions with customers on eligible transactions. JioFinance360 consolidates multi-source asset and liability data into a single report anchored by a Financial Health Score across five core pillars.

Total Consolidated Shareholders' Equity stood at Rs. 1.3 lakh crore as of September 30, 2026. Management said this capital strength gives the company significant firepower to pursue growth aspirations while keeping the core capital base fully protected.

Reliance Services and Holdings Limited (RSHL) is now consolidated line-by-line as a 100% step-down subsidiary, through Reliance Industrial Investments and Holdings Limited, with effect from April 29, 2026.
The annual dividend, including from Reliance Industries Limited on its shareholding held through RIIHL and RSHL, was paid in Q2 in the year ended March 2026 but in Q1 this fiscal. The growth numbers above are therefore stated excluding the dividend to allow a like-for-like comparison.

The pivot towards margin-accretive merchant segments was described as deliberate, with planned customer churn in lower-margin segments and higher net processing margins, giving "a base to grow volumes further with strong unit economics."
The company said it continues targeted investments to scale growth-stage companies and incubate nascent ventures across asset management, wealth and insurance.
The sequential moderation in reinsurance Gross Written Premium was attributed to primary insurers recalibrating their exposure on account of crop insurance to align with seasonal and environmental factors.
Management's remarks were accompanied by a safe harbour statement that forward-looking statements are based on rationale and data and actual results may vary materially with market circumstances.

It is the transcript of the analyst presentation held on October 15, 2026, which concluded at 8.10 p.m. (IST), placed on record with the stock exchanges and on the company's website.

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