JIOFIN Q2 Results: Income Climbs 132%, Jio Credit Net Profit

Q2 Results: Income Climbs 132%, Jio Credit Net Profit Rises 140% Jio Financial Services posted strong growth in its Q2 FY27 performance, supported by expansion in lending, asset management and digital financial services. 📈 Income Surge: Consolidated total income, excluding dividend income, rose 132% year-on-year to ₹1,699 crore. 💰 Profitability Update: Pre-provisioning operating profit (PPOP) increased 85% to ₹574 crore, while profit before tax (PBT) advanced 51% to ₹489 crore. Quarterly profit after tax stood at ₹340 crore. 🏦 Jio Credit Growth: Net profit at its lending subsidiary jumped 140% to ₹120 crore. Assets under management expanded 154% to ₹37,320 crore, while gross loan disbursements nearly doubled to ₹13,135 crore. 📱 Digital Business Expansion: Jio Payments Bank deposits grew 53% to ₹643 crore, while Jio BlackRock Asset Management's closing AUM rose 57% to ₹22,746 crore. 🤝 Strategic Development: The company entered into an agreement with Bank of America for a potential acquisition of up to a 49.9% stake in Jio Credit, subject to regulatory approvals. 📊 Share Price Update: Jio Financial Services shares closed at ₹218.75 on the BSE, gaining 0.09% ahead of the earnings announcement. Disclaimer: Investment in securities markets is subject to market risks. Read all related documents carefully before investing.