Jio Financial Q2 Results: Income Jumps 132%, Jio Credit

Q2 Results: Income Jumps 132%, Jio Credit Profit Soars 140% Jio Financial Services reported strong growth in its September quarter FY27 results, driven by lending, asset management and digital financial services. 📈 Income Growth: Consolidated total income, excluding dividend income, surged 132% year-on-year to ₹1,699 crore. 💰 Operating Profit: Pre-provisioning operating profit (PPOP) rose 85% to ₹574 crore, while profit before tax increased 51% to ₹489 crore. Quarterly profit after tax stood at ₹340 crore. 🏦 Jio Credit Performance: The lending subsidiary's net profit jumped 140% to ₹120 crore. Assets under management grew 154% to ₹37,320 crore, while gross loan disbursements nearly doubled to ₹13,135 crore. 📱 Digital Finance Growth: Jio Payments Bank deposits increased 53% to ₹643 crore, while Jio BlackRock Asset Management's closing AUM climbed 57% to ₹22,746 crore. 🤝 Strategic Partnership: Jio Financial Services signed an agreement with Bank of America for a potential acquisition of up to 49.9% of Jio Credit, subject to regulatory approvals. 📊 Stock Update: Shares closed at ₹218.75 on the BSE, up 0.09%, ahead of the earnings announcement. Disclaimer: Investment in securities markets is subject to market risks. Read all related documents carefully before investing.