Jio Financial Services LimitedQ2 FY27 Results & Financial Update
Jio Financial Services Limited: Q2 FY27 consolidated results and company financials – revenue ₹1,699.28 Cr, PAT ₹340.44 Cr. Explore reported YoY/QoQ movements, margins, business drivers and management commentary. This page does not provide a rating, target price or investment recommendation.
Quarter at a glanceCurrent reported figures.Change figures appear when a comparable reported period is available.
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Quarterly Results AnalysisExplore Jio Financial Services Q2 FY27 quarterly results and earnings: revenue, profit (PAT), EBITDA, margins, YoY and QoQ growth, order book or business updates where reported, financial performance and management commentary. Reported figures and Nivata calculations are shown separately; no buy, sell or hold recommendation is provided.
Quarter overview
Quarterly earnings analysis
During the second quarter of fiscal year 2027 (Q2 FY27), Jio Financial Services posted consolidated total income of INR 1,699.41 crore, alongside consolidated revenue of INR 1,699.28 crore, reflecting a sequential adjustment compared to the preceding quarter ended June 30, 2026.
Consolidated profit before tax (PBT) and profit after tax (PAT) for the quarter stood at INR 340.44 crore each, yielding basic and diluted earnings per share (EPS) of INR 0.51 for the period under review.
Interest income for Q2 FY27 reached INR 1,257.68 crore, demonstrating top-line expansion within core lending and interest-earning portfolios compared to the prior sequential period.
Finance costs for the quarter were recorded at INR 577.73 crore, reflecting the capital-servicing expenses associated with the consolidated borrowing structure and operational liabilities.
Tax expenses for the period totalled INR 149.02 crore, representing statutory tax obligations levied against the consolidated pre-tax operating earnings of the enterprise.
Depreciation and amortisation expenses amounted to INR 11.31 crore, while provisions recognised during the quarter stood at INR 77.72 crore to account for potential asset quality adjustments.
Jio Financial Services reported a consolidated total income of INR 1,699.41 crore for the quarter ended September 30, 2026, alongside total revenue of INR 1,699.28 crore.
Profit before tax (PBT) and profit after tax (PAT) both stood at INR 340.44 crore for Q2 FY27, resulting in a basic earnings per share (EPS) of INR 0.51.
01 · Business model
What does Jio Financial Services do?
Jio Financial Services Limited operates as a diversified financial services entity in India, holding a prominent position as a systemically important non-banking financial company (NBFC) engaged in lending, investment, and insurance-related activities.
The company's core revenue engines comprise interest income from financial assets, dividend streams, and income generated through treasury and other financial operations across its consolidated operating footprint.
Serving retail and corporate customer segments, Jio Financial Services leverages extensive digital distribution networks and strategic partnerships to scale its financial product offerings seamlessly across domestic markets.
02 · Financial snapshot
Current quarter vs the available comparable
| Metric | Q2 FY27 | Previous quarter |
|---|---|---|
| Revenue from operations | ₹1,699.28 Cr | ₹2,004.47 Cr |
| Total income | ₹1,699.41 Cr | ₹2,004.54 Cr |
| Profit before tax | ₹340.44 Cr | ₹830.25 Cr |
| Profit after tax | ₹340.44 Cr | ₹830.25 Cr |
| EPS | ₹0.51 | ₹1.27 |
Financial interpretation
What the reported numbers mean
Profit after tax represented 20.0% of reported quarterly operating revenue. This is a calculated net-profit-to-sales ratio, not a company-reported operating margin. It measures the outcome after expenses and tax; it does not, by itself, establish how margins changed versus another period.
Profit before tax was equivalent to 20.0% of quarterly operating revenue. The distinction between pre-tax and post-tax profit matters when interpreting earnings; neither ratio identifies an underlying cost driver without a properly matched comparative period.
Total income exceeded operating revenue by ₹0.13 crore. This is the disclosed difference between the two lines, not incremental sales. The distinction matters when assessing how much of the quarter’s reported income came from the operating top line.
Ratios above are calculated from the reported quarterly figures. They are analytical descriptions, not company-reported margin guidance or an investment recommendation.
03 · Why it moved
Why the quarter looked the way it did
What drove revenue
Interest income contributed INR 1,257.68 crore to the consolidated total during Q2 FY27, serving as the primary revenue stream for the financial services enterprise.
Other income contributed a modest INR 0.13 crore to the consolidated top-line pool during the quarter.
What drove margins
Finance costs of INR 577.73 crore formed the largest operational expenditure item, directly impacting net interest margins and profitability levels.
Provisions totalling INR 77.72 crore were charged against earnings during the quarter, influencing bottom-line realizations.
Tax expenses of INR 149.02 crore represented the statutory deductions from pre-tax profits, resulting in a PAT margin of approximately 20.03%.
Finance costs were recorded at INR 577.73 crore, exerting downward pressure on net profitability as funding and borrowing scale to support the NBFC's operations.
Tax expenses of INR 149.02 crore on a profit before tax of INR 340.44 crore resulted in an effective tax rate that moderated net earnings for the period.
04 · Items worth noticing
The line items that can distort a quick read
The company recorded provisions of INR 77.72 crore during Q2 FY27 in line with standard regulatory and accounting requirements.
The company recognized INR 77.72 crore in provisions during the quarter under review.
05 · Beyond the numbers
What changed beyond the numbers
Reported update
Consolidated Filing Submission
The company submitted its statutory financial results for Q2 FY27 under Indian Accounting Standards (Ind AS) through official exchange disclosures.
Reported update
Consolidated Reporting Scope
The financial results are presented on a consolidated basis under Indian Accounting Standards (Ind AS), incorporating the performance of subsidiaries and associated entities.
06 · Previous-quarter changes
What changed since the previous quarter
Consolidated revenue for Q2 FY27 stood at INR 1,699.28 crore compared to INR 2,004.47 crore in Q1 FY27.
Consolidated PAT for Q2 FY27 was reported at INR 340.44 crore compared to INR 830.25 crore in Q1 FY27.
07 · Key Q&A
The quarter, answered directly
What does Jio Financial Services do?
Jio Financial Services Limited operates as a diversified financial services entity in India, holding a prominent position as a systemically important non-banking financial company (NBFC) engaged in lending, investment, and insurance-related activities.
What is the clearest takeaway from Q2 FY27?
During the second quarter of fiscal year 2027 (Q2 FY27), Jio Financial Services posted consolidated total income of INR 1,699.41 crore, alongside consolidated revenue of INR 1,699.28 crore, reflecting a sequential adjustment compared to the preceding quarter ended June 30, 2026.
What drove revenue or demand?
Interest income contributed INR 1,257.68 crore to the consolidated total during Q2 FY27, serving as the primary revenue stream for the financial services enterprise.
What mattered most for margins or profitability?
Finance costs of INR 577.73 crore formed the largest operational expenditure item, directly impacting net interest margins and profitability levels.
What changed operationally beyond the headline numbers?
The company submitted its statutory financial results for Q2 FY27 under Indian Accounting Standards (Ind AS) through official exchange disclosures.
What should the next disclosure help confirm?
Subsequent quarters will provide clearer visibility into the normalisation of interest income relative to corporate finance costs.
08 · Scenario calculator
Earnings sensitivity: what if growth and margins change?
Starting point
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Example: enter 10 for 10% revenue growth. Enter -100 for a 1 percentage-point margin decline.
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The calculator holds the selected margin basis constant except for the basis-point adjustment you enter. It does not estimate tax, finance cost, dilution, working capital, valuation or share price.
09 · Next filing checkpoints
What the next disclosure can confirm or change
- 01
Earnings Trajectory: Subsequent quarters will provide clearer visibility into the normalisation of interest income relative to corporate finance costs.
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Use Nivata’s plain-English guides to understand the accounting terms used in this brief before interpreting them.