Jio Financial Services delivered exceptional Q1 results with consolidated net profit surging 156% to ₹830 crore compared to ₹325 crore in the same period last year. According to the latest investor presentation, consolidated income from operations increased 227% to ₹2,004 crore from ₹612 crore year-on-year. Sequential growth was equally impressive with net profit jumping 205% from ₹272 crore in Q4 FY26. The strong performance was driven by income from fees and commissions growing five times to ₹325 crore, while interest revenue increased 165% to ₹962 crore. Despite significant operational expenditure growth of 291% to ₹991 crore due to higher financing costs and personnel expenses, pre-provision operating profit (PPOP) increased 38% year-over-year to ₹505 crore. Net interest income (NII) more than doubled to ₹544 crore from ₹264 crore in the corresponding quarter last year, also rising 58% from ₹345 crore in the March quarter.
JioHotstar's monthly active users grew 15% year-on-year to 530 million, while the IPL's digital reach stood at 700 million. As reported by Mint, the Women's T20 World Cup 2026 recorded a 155% growth in digital viewership over the 2024 season. Entertainment watch time on JioHotstar grew by 16% on an annual basis, even as Tadka, its newly launched microcontent hub, crossed 100 million active users within two months. The company maintains top position with viewership share at 34% with a 44% share in the Hindi Speaking Markets (HSM) Pay-TV segment.
According to Mint reports, JioStar holds the media rights to the cricket jamboree and was the co-producer of the crowd-puller Dhurandhar: The Revenge, a box-office hit. The watch-time share of regional languages during IPL rose 33% on digital. Ishan Chatterjee, CEO of sports at JioStar, termed IPL 2026 the biggest ever in terms of consumption and noted that the tournament remains the biggest acquisition panel for the entire platform. The company operates over 100 linear TV channels, the film production arm Jio Studios, and the streaming app JioHotstar.
Jio Financial Services shares rose as much as 6% on Friday following the strong quarterly results announcement. According to Bloomberg data, both analysts currently covering the stock have a 'Buy' recommendation. Following the results, Motilal Oswal retained its 'Buy' rating with a target price of ₹315, implying an upside of around 34% from current levels. The brokerage highlighted that the company delivered a strong quarter, supported by robust growth in Jio Credit, which crossed the ₹30,000-crore AUM milestone. However, Motilal Oswal noted that operating expenses remained elevated as the company continues to invest in scaling up existing businesses and incubating new ventures, trimming FY27 and FY28 earnings per share estimates by 4% and 6% respectively. The company's non-banking finance business continued to expand rapidly with gross assets under management (AUM) rising 163% year-on-year to ₹30,667 crore, while quarterly loan disbursements exceeded ₹11,250 crore during the period.
