Jio Financial Q1 net profit more than doubles to ₹830 crore on lending, payments growth
Jio Financial Services posted a 156% YoY jump in Q1 FY27 net profit to ₹830 crore, with total income up 141% to ₹1,496 crore. Payments bank deposits rose 72% to ₹617 crore, CASA accounts hit 3.9 million, TPV grew 2.5x to ₹19,208 crore, and Jio Credit gross AUM reached ₹30,667 crore.
What happened
Jio Financial Services Q1 FY27 net profit doubled to ₹830 crore on lending and payments growth, with expanding payments bank deposits, credit disbursements,
Key facts
- net profit ₹830 crore up 156% YoY
- total income ₹1,496 crore up 141% YoY
- shareholders' equity ₹1.37 lakh crore
- capital infusion ₹9,890 crore cumulative
- Jio Payments Bank deposits ₹617 crore up 72%
- CASA 3.9 million accounts up 51%
- TPV ₹19,208 crore up 2.5x
- JioBlackRock AUM ₹18,412 crore up 21% QoQ
- Jio Credit Gross AUM ₹30,667 crore
- share price ₹235.65 down 0.36%
Why this matters
With Jio Credit gross AUM at ₹30,667 crore and rapid payments scale-up, expect appetite for bolt-on lending and fintech acquisitions to accelerate the ecosystem play.
What to watch
- Gross NPA / credit cost trend on Jio Credit book in Q2
- CASA account and deposit growth rate sustainability
- TPV-to-revenue conversion and UPI monetization policy signals
- Cost of funds and borrowing mix as lending scales
- RBI regulatory commentary on new-age NBFC/payments bank growth
- Analysts raise FY27 AUM and NII estimates; buy-side rotates into JFSL on lending traction
- Competitors (Bajaj Finance, Paytm, PhonePe) defend market share via rate/reward campaigns
- JFSL pushes deeper into secured lending (LAS, home loans) and insurance/broking cross-sell
- Rating agencies reassess funding profile as AUM scales past ₹30,000cr