Jio Financial profit jumps 156% to ₹830 cr in Q1
Total income up 141% to ₹1,496 crore; NBFC AUM reaches ₹30,667 crore; JioFinance app hits 25 million users.
— 3 earlier stories on JIO Financial Services Ltd. →What's new
- Total income rose 141% to ₹1,496 crore led by lending and investment arms.
- Jio Credit AUM reached ₹30,667 crore; BlackRock JV AUM up 21% sequentially to ₹18,412 crore.
- Payments bank and payment solutions units achieved operational turnaround.
Why this matters
These are blockbuster growth numbers for a company still in its early innings. But the stock trades at a trailing P/E of 101.3 with a return on equity of just 1.3%. The market has priced in rapid scale-up that the numbers are starting to deliver, but margins remain thin.
What we're watching
- Progress on insurance joint ventures with Allianz, a key piece of the super-app strategy.
- Whether AUM growth sustains above 20% sequentially across both NBFC and AMC arms.
- Monetisation path for the 25-million-user JioFinance app.
The full read
Jio Financial Services delivered a second straight quarter of explosive growth. Total income hit ₹1,496 crore, up 141% year-on-year, and profit after tax rose 156% to ₹830 crore. The lending arm Jio Credit now manages ₹30,667 crore in assets, and the BlackRock asset management joint venture added 21% sequential AUM growth to ₹18,412 crore. The payments bank also turned operationally profitable. The company is pouring money into insurance joint ventures with Allianz and its JioFinance app has 25 million users. All of this points to a financial super app taking shape. But the stock trades at 101.3 times trailing earnings, and the return on equity is just 1.3%. These high-growth numbers are already priced for perfection.
Questions answered
- How much did Jio Financial's profit grow in Q1 FY27?
- Profit after tax jumped 156% year-on-year to ₹830 crore, driven by strong performances in lending and investment businesses.
- What were the key AUM figures this quarter?
- Jio Credit's NBFC AUM stood at ₹30,667 crore, while the BlackRock asset management JV recorded AUM of ₹18,412 crore, up 21% sequentially.
- Is the payments bank turning profitable?
- Yes. The payments bank and payment solutions units both achieved an operational turnaround during Q1 FY27.
- How many users does the JioFinance app have?
- The JioFinance app has attracted 25 million unique users as of the end of Q1 FY27.
- Why is the stock valued so high despite low ROE?
- The market is pricing in high future growth from the expanding lending, asset management, and insurance businesses. The current trailing P/E of 101.3 and ROE of just 1.3% reflect that expectation.
- What are the insurance JV plans with Allianz?
- The company continues to invest in its insurance joint ventures with Allianz, though no specific financial details were disclosed in this earnings release.
JIO Financial Services Ltd.
Latest quarter · Jun 2026
Leverage & growth
Story so far
All notes on JIOFIN →- 16 Jul 2026 · 6:01 PM IST Jio Financial profit jumps 156% to ₹830 cr in Q1
- 12d ago Jio Financial's all-five-vertical profit inflection lifts Q1 PAT 156% to ₹830 cr
- 12d ago Jio Financial's lending blitz drives 156% profit jump to ₹830 cr
- 19d ago Jio Financial board to meet July 16 for Q1 results