Jio Financial Services Ltd’s (JFSL) consolidated first quarter (Q1FY27) net profit zoomed 156 per cent y-o-y to ₹830 crore against ₹325 crore in the year ago quarter on the back of strong growth in interest income and fees and commission income and a hefty dividend income.JFSL is a core investment company, which operates a full-stack financial services ecosystem through customer-facing subsidiaries in areas such as Credit, Insurance Broking, Payment Solutions, Leasing Services, Finance Platform and Service and Payments Bank.Interest income and fees and commission income soared 165 per cent y-o-y (to ₹962 crore) and 506 per cent (₹325 crore), respectively.Total expenses, including finance costs, staff expenses, and other operating expenses, shot up 291 per cent to ₹991 crore.Pre provisioning operating profit before dividend income rose 38 per cent y-o-y to ₹505 crore (₹366 crore in Q1FY26).The NBFC’s assets under management (AUM) rose 2.6 times from ₹11,665 crore as at June-end 2025 to ₹30,667 crore as at June-end 2026. The payments bank’s deposit increased 1.7 times from ₹358 crore to ₹617 crore. The asset management company’s closing AUM rose from nil to ₹18,412 crore.Hitesh Sethia, Managing Director and CEO, JFSL, said: “The sustained business momentum across our verticals validates the granular architecture of our full-stack ecosystem and the strength of our execution.“We continue to drive robust growth in our tailored lending solutions, expand access to innovative investment products through our asset management arm, and power the operational turnaround of our payments business through revenue diversification and strict focus on unit economics.”Given the massive opportunity in the country for deeper penetration in sectors like investment solutions and insurance, JFSL is accelerating our investments towards some of its newer businesses including our JVs with BlackRock and Allianz in these areas, which will yield significant benefits over a period of time, he added.Published on July 16, 2026