Jio Financial Services reported a 51% year‑on‑year decline in consolidated net profit, amounting to ₹340.44 crore for the quarter ended 30 September 2027, compared with ₹695 crore in the same period of FY26. The drop was attributed to a sharp rise in total expenses, which climbed to ₹1,166 crore from ₹436.50 crore in the corresponding quarter of FY26. Despite the profit contraction, the company’s total income increased 70% to ₹1,699.41 crore, up from ₹1,002.40 crore in FY26.

Interest income surged to ₹1,257.68 crore in Q2 FY27, a jump from ₹392.37 crore in the year‑ago period, reflecting stronger loan book performance. The asset‑management arm saw its assets under management (AUM) reach ₹37,320 crore, a 154% year‑on‑year rise, while the asset‑management business’s closing AUM stood at ₹22,746 crore, up 57% YoY. The payment solutions segment recorded an 8% YoY increase in total payment value (TPV) at ₹14,682 crore, with net processing margins expanding to 14 basis points.

Jio Credit Limited’s gross AUM grew 154% annually to ₹37,320 crore in Q2 FY27, with quarterly gross disbursements nearly doubling YoY to ₹13,135 crore. Net interest income rose 116% YoY to ₹302 crore, and profit after tax jumped 140% YoY to ₹120 crore. Jio Payments Bank’s total income jumped 213% YoY to ₹94 crore, while customer deposits rose 53% to ₹643 crore. The bank’s CASA customer base increased 38% YoY to around 40 lakh accounts, and the average balance per customer rose 14% YoY to ₹1,573.

Jio Payment Solutions’ gross fee and commission income grew 70% YoY to ₹130 crore, and net fee and commission income increased 74% YoY to ₹21 crore. The company’s net processing margin expanded to 14 basis points for the quarter, compared with 9 basis points in Q2 FY26 and 12 basis points in Q1 FY27. Jio Insurance Broking’s fee and commission income rose 46% YoY to ₹54 crore, and it facilitated insurance premiums worth ₹346 crore, with retail premiums accounting for 21% of the total, up from 17% in Q2 FY26.

Management highlighted that the second quarter of fiscal year 2027 reflected compounding momentum across the full‑stack financial ecosystem, driven by disciplined, diversified loan book expansion at Jio Credit Limited, rapid scaling of asset‑management offerings under the BlackRock joint ventures, and sustained topline growth in the payments vertical. Hitesh Sethia, Managing Director and CEO, noted that strategic playbooks are taking shape with key global partnerships established across lending with Bank of America, investments with BlackRock, and insurance with Allianz Group.

On Thursday, Jio Financial Services shares settled flat at ₹219.01 on the National Stock Exchange, with a market capitalisation of ₹1.45 lakh crore as of 15 October. The earnings were released after market hours. The company’s statement underscored continued investment for growth to incubate nascent ventures while deploying support capital for businesses actively scaling up.