Jio Financial shares surge 6% as Q1FY27 profit jumps 156% to ₹830 crore
Jio Financial Services posted a 156% y-o-y net profit jump to ₹830 crore in Q1FY27, sending shares up 6%. The payments arm turned profitable and Jio Credit's AUM crossed ₹300 billion. Motilal Oswal retained a buy with a ₹315 target, though it trimmed FY27 and FY28 EPS estimates by 4% and 6%.
What happened
Jio Financial Services Q1FY27 net profit jumped 156% y-o-y to ₹830 crore, lifting shares 6%. Payments arm turned profitable; Jio Credit AUM crossed ₹300
Key facts
- shares +6%
- net profit +156% y-o-y
- ₹830 crore Q1FY27 profit
- AUM crossed ₹300 billion
- target price ₹315
- FY27 EPS cut 4%
- FY28 EPS cut 6%
Why this matters
Jio Financial's rapid credit AUM growth and newly profitable payments unit position it as an emerging fintech aggregator worth tracking for partnership or competitive-response scenarios.
What to watch
- AUM growth beyond ₹300bn milestone
- Asset quality / NPA formation as book seasons
- Additional broker target/EPS revisions
- Regulatory developments on NBFC/payments segments
- Reliance ecosystem cross-sell traction (JioPay, insurance JV)
- Monitor Jio Credit disbursement and AUM trajectory for next 1-2 quarters
- Track payments arm margin durability now that it turned profitable
- Watch for follow-on brokerage revisions post-earnings call
- Assess NIM and credit cost trends as lending book scales