Trading Symbol

JIOFIN

Key Financial Results - Consolidated

Quarter Ended September 30, 2026 (Q2 FY27)

  • Total Income: ₹1,699.41 crore (₹1,699.28 crore from operations + ₹0.13 crore other income)
  • Revenue from Operations: ₹1,699.28 crore comprising:
  • Interest Income: ₹1,257.68 crore
  • Fees, Commission and Other Services: ₹277.09 crore
  • Net Gain on Fair Value Changes: ₹164.51 crore
  • Total Expenses: ₹1,166.07 crore
  • Finance Costs: ₹577.73 crore
  • Impairment on Financial Instruments: ₹40.75 crore
  • Employee Benefits Expenses: ₹146.67 crore
  • Depreciation and Amortization: ₹11.31 crore
  • Other Expenses: ₹389.61 crore
  • Profit Before Tax: ₹489.46 crore
  • Tax Expense: ₹149.02 crore
  • Current Tax: ₹169.37 crore
  • Deferred Tax: (₹20.35) crore
  • Profit After Tax: ₹340.44 crore
  • Other Comprehensive Loss: ₹7,567.38 crore
  • Total Comprehensive Loss: ₹7,226.94 crore
  • Earnings Per Share: ₹0.51 (Basic and Diluted)
  • Paid-up Equity Share Capital: ₹6,603.14 crore (face value ₹10 per share)

Half Year Ended September 30, 2026 (H1 FY27)

  • Total Income: ₹3,703.95 crore (₹3,703.75 crore from operations + ₹0.20 crore other income)
  • Revenue from Operations: ₹3,703.75 crore comprising:
  • Interest Income: ₹2,219.26 crore
  • Dividend Income: ₹508.59 crore
  • Fees, Commission and Other Services: ₹601.63 crore
  • Net Gain on Fair Value Changes: ₹374.27 crore
  • Total Expenses: ₹2,181.88 crore
  • Profit Before Tax: ₹1,459.14 crore
  • Tax Expense: ₹288.45 crore
  • Profit After Tax: ₹1,170.69 crore
  • Other Comprehensive Loss: ₹10,970.18 crore
  • Total Comprehensive Loss: ₹9,799.49 crore
  • Earnings Per Share: ₹1.78 (Basic and Diluted)

Segment-wise Performance (Consolidated)

Investing Segment

  • Revenue: ₹1,441.78 crore (Q2 FY26: ₹1,028.94 crore)
  • PAT: ₹238.70 crore (Q2 FY26: ₹651.26 crore)
  • Assets: ₹126,562.83 crore (as of September 30, 2026)
  • Liabilities: ₹8,615.49 crore (as of September 30, 2026)

Lending Segment

  • Revenue: ₹287.55 crore (Q2 FY26: ₹158.46 crore)
  • PAT: ₹147.90 crore (Q2 FY26: ₹75.68 crore)
  • Assets: ₹50,437.28 crore (as of September 30, 2026)
  • Liabilities: ₹41,646.21 crore (as of September 30, 2026)

Others Segment

  • Revenue: ₹287.55 crore (Q2 FY26: ₹158.46 crore)
  • PAT Loss: ₹46.16 crore (Q2 FY26: ₹31.90 crore loss)
  • Assets: ₹4,665.52 crore (as of September 30, 2026)
  • Liabilities: ₹1,808.36 crore (as of September 30, 2026)

Consolidated Assets and Liabilities Position

As of September 30, 2026

  • Total Assets: ₹181,665.63 crore
  • Financial Assets: ₹180,687.14 crore
  • Cash and Cash Equivalents: ₹385.78 crore
  • Bank Balances: ₹12,073.51 crore
  • Loans: ₹37,493.41 crore
  • Investments: ₹130,347.94 crore
  • Non-Financial Assets: ₹978.49 crore
  • Total Liabilities: ₹52,070.06 crore
  • Financial Liabilities: ₹43,344.82 crore
  • Debt Securities: ₹13,425.69 crore
  • Borrowings: ₹27,899.37 crore
  • Non-Financial Liabilities: ₹8,725.24 crore
  • Deferred Tax Liabilities: ₹8,489.68 crore
  • Total Equity: ₹129,595.57 crore
  • Equity Share Capital: ₹6,603.14 crore
  • Other Equity: ₹122,992.43 crore

Standalone Financial Results

Quarter Ended September 30, 2026

  • Total Income: ₹677.72 crore
  • Profit Before Tax: ₹615.44 crore
  • Tax Expense: ₹40.10 crore
  • Profit After Tax: ₹575.34 crore
  • Earnings Per Share: ₹0.87
  • Paid-up Equity Share Capital: ₹6,603.14 crore

Half Year Ended September 30, 2026

  • Total Income: ₹896.76 crore
  • Profit Before Tax: ₹759.38 crore
  • Tax Expense: ₹78.80 crore
  • Profit After Tax: ₹680.58 crore
  • Earnings Per Share: ₹1.03

Standalone Assets and Liabilities Position

As of September 30, 2026

  • Total Assets: ₹35,657.29 crore
  • Financial Assets: ₹35,602.56 crore
  • Cash and Cash Equivalents: ₹3.33 crore
  • Bank Balances: ₹3,098.22 crore
  • Loans: ₹1,459.14 crore
  • Investments: ₹30,993.49 crore
  • Non-Financial Assets: ₹54.73 crore
  • Total Liabilities: ₹136.06 crore
  • Total Equity: ₹35,521.23 crore
  • Equity Share Capital: ₹6,603.14 crore
  • Other Equity: ₹28,918.09 crore

Key Operational Highlights from Media Release

Jio Credit Limited (JCL)

  • AUM: ₹37,320 crore (up 154% YoY)
  • Quarterly Gross Disbursements: ₹13,135 crore (nearly doubled YoY)
  • Product Mix: Mortgages (44.5%), Loan Against Securities Retail (11.3%), Corporate & SME loans (44.2%)
  • Net Interest Income: ₹302 crore (up 116% YoY)
  • PAT: ₹120 crore (up 140% YoY)
  • Average Cost of Borrowing: 7.08%
  • Shareholders' Equity: ₹7,379 crore (as of September 30, 2026)

Jio Payments Bank Limited (JPBL)

  • Total Income: ₹94 crore (up 213% YoY)
  • Customer Deposits: ₹643 crore (up 53% YoY)
  • CASA Accounts: ~40 lakh accounts (up 38% YoY)
  • Average Balance per Customer: ₹1,573 (up 14% YoY)
  • Business Correspondent Network: 633,030 touchpoints (3.2x YoY)

Jio Payment Solutions Limited (JPSL)

  • Total Payment Value: ₹14,682 crore (up 8% YoY)
  • Gross Fee and Commission Income: ₹130 crore (up 70% YoY)
  • Net Fee & Commission Income: ₹21 crore (up 74% YoY)
  • Net Processing Margin: 14 bps (vs 9 bps in Q2 FY26)

Joint Ventures with BlackRock

  • AMC AUM: ₹22,746 crore (up 57% YoY)
  • Liquid Fund: Ranked number one since inception
  • SIF AUM: ₹478 crore (top 10 in category)
  • GIFT City Entity: Received IFSCA approval for JioBlackRock Advantage World Equity Fund (IFSC)

Jio Insurance Broking Limited (JIBL)

  • Fee and Commission Income: ₹54 crore (up 46% YoY)
  • Total Insurance Premium Facilitated: ₹346 crore in Q2 FY27
  • Retail Share of Premium: 21% (up from 17% in Q2 FY26)

Strategic Developments

Bank of America Investment in Jio Credit Limited

  • Date of Agreement: August 12, 2026
  • Investor: NB Holdings Corporation (wholly owned subsidiary of Bank of America Corporation)
  • Total Proposed Investment: Up to ₹18,268.22 crore
  • Investment Structure:
  • Up to 4,29,29,760 equity shares (26.50% post-issue) for ₹6,612.90 crore
  • Up to 7,56,64,248 warrants for ₹11,655.32 crore (convertible within 18 months)
  • Post-Conversion Holding: 49.90% by NB Holdings, USA
  • Status: Subject to statutory and regulatory approvals

Joint Venture with Allianz Group

  • JV Company: Jio Allianz General Insurance Limited (JAGIL)
  • Incorporation Date: May 12, 2026
  • Investment: ₹375 crore each from JFSL and Allianz Europe B.V.
  • Business: General insurance (subject to regulatory approvals)

Warrant Conversion

  • Original Allotment: September 3, 2025 - 25 crore warrants at ₹316.50 per warrant to promoter group companies
  • Initial Receipt: ₹3,956.25 crore (25% of total issue price)
  • Conversion: April 21, 2026 - 12.5 crore equity shares allotted at premium of ₹306.50 per share
  • Amount Received: ₹5,934.38 crore (balance 75%)
  • Post-Allotment Capital: Increased from ₹6,353.14 crore to ₹6,603.14 crore
  • Promoter Holding: Increased from 47.12% to 49.13%
  • Outstanding Warrants: 25 crore warrants as of September 30, 2026

JioFinance App Metrics

  • Unique Users: 3.2 crore across digital properties
  • Product Purchases: ~36,000 per day
  • Innovations Launched:
  • JioFinance+ (value-back membership program)
  • JioFinance360 (financial fitness assessment)
  • JioSilver (digital silver investment)
  • GMV Growth:
  • Fixed Deposit GMV: 50% QoQ increase
  • JioGold Purchases: 199% YoY surge
  • Tax Filings: 40% YoY rise
  • JioPoints Issued: 34 crore to 77 lakh enrolled customers

Entities Included in Consolidation

Subsidiaries

1. Reliance Industrial Investments and Holdings Limited

2. Jio Insurance Broking Limited

3. Jio Credit Limited

4. Jio Payment Solutions Limited

5. Jio Leasing Services Limited

6. Jio Finance Platform and Service Limited

7. Jio Payments Bank Limited

8. Jio Alternative Investment Manager Limited

9. Reliance Services and Holdings Limited (step-down subsidiary from April 30, 2026)

Joint Ventures

1. Reliance International Leasing IFSC Private Limited

2. Jio BlackRock Investment Advisers Private Limited and subsidiary

3. Jio BlackRock Asset Management Private Limited and subsidiary

4. Jio BlackRock Trustee Private Limited

5. Allianz Jio Reinsurance Limited

6. Jio Allianz General Insurance Limited (from May 12, 2026)

Associates

1. Reliance Services and Holdings Limited (until April 29, 2026)

2. Petroleum Trust (until April 29, 2026)

Cash Flow Highlights (Half Year Ended September 30, 2026)

Consolidated

  • Net Cash Used in Operating Activities: ₹11,061.72 crore
  • Net Cash Used in Investing Activities: ₹13,509.17 crore
  • Net Cash Generated from Financing Activities: ₹24,140.82 crore
  • Net Decrease in Cash: ₹430.07 crore

Standalone

  • Net Cash Used in Operating Activities: ₹1,410.06 crore
  • Net Cash Used in Investing Activities: ₹4,133.32 crore
  • Net Cash Generated from Financing Activities: ₹5,538.19 crore
  • Net Decrease in Cash: ₹5.19 crore

Significant Events

Petroleum Trust Distribution

  • Date: April 29, 2026
  • Action: Distribution of assets and liabilities to Reliance Industrial Investments and Holdings Limited (RIIHL)
  • Impact: RSHL became wholly owned subsidiary of RIIHL, PT dissolved
  • Investments Distributed: Equity shares (₹0.01 crore) + Preference shares (₹9,306.99 crore) of RSHL

Jio Payments Bank Acquisition

  • Date: June 18, 2025
  • Transaction: Acquired 79,080,000 equity shares (14.96%) from State Bank of India for ₹104.54 crore
  • Result: JPBL became wholly owned subsidiary
  • Exceptional Item: ₹28.57 crore (fair value gain of ₹439.16 crore less goodwill of ₹410.59 crore)

#Tags: #JioFinancial #Q2Results #SEBIDisclosure #RegulatoryCompliance #FinancialUpdate #Neutral