Jio Financial income more than doubles in second quarter
pre-market1 source ↓machine-written, see hownot a recommendation
Jio Financial Services reported a 132% year-on-year increase in consolidated total income, excluding dividend income, to ₹1,699 crore for the September quarter of FY27. The growth was supported by expansion across lending, asset management and payments. The company’s lending arm recorded a 140% rise in profit, according to the headline report. 📈
PPOP rose 85% year-on-year to ₹574 crore, excluding dividend income, while profit before tax increased 51% to ₹489 crore. Profit after tax stood at ₹340 crore for the quarter. The company clarified that profit after tax in both the June quarter of FY27 and the September quarter of FY26 included dividend income, making the exclusion relevant when assessing the operating trend.
For the first half of FY27, total income excluding dividend income increased 136% year-on-year to ₹3,195 crore. Pre-provisioning operating profit rose 60% to ₹1,079 crore, while profit before tax grew 33% to ₹951 crore. Half-year profit after tax increased 15% to ₹1,171 crore. First-half income reached ₹3,195 crore, indicating that operating revenue growth extended beyond a single quarter. 💼
The results show a broader contribution from the company’s financial-services businesses rather than a performance driven only by dividend income. Lending growth directly supports interest income, while asset management and payments add fee-based revenue streams. For the financial-services sector, the mix of loan growth, operating profit and non-lending income remains important because it indicates how diversified earnings are becoming.
Investors will next watch disclosures on assets under management, loan growth, asset quality, provisions and payment volumes. The treatment of dividend income will also remain important when comparing future quarterly profit figures with earlier periods. Management commentary on the pace of lending expansion and the contribution from asset management and payments should provide further context for the earnings trajectory. ⚖️
The reported figures relate to the September quarter of FY27 and the first half of the financial year. The company’s next operating update will help establish whether the income and profit growth is being sustained across its lending, asset management and payments businesses.
Source: CNBC TV18, 15 Oct 2026
Not investment advice. For informational purposes only.