Q1 2027 Jio Financial Services Ltd Earnings Call Transcript
Key Points
- Jio Financial Services Ltd (BOM:543940) reported a strong quarter with consolidated total income excluding dividends growing 141% year on year to INR1,496 crore.
- The company's lending business, JioCredit, saw its gross AUM surge 2.6 times year on year, reaching INR30,667 crore.
- Jio Payment Solutions achieved a 2.5 times increase in total payment volume value to INR19,208 crore.
- The company's joint venture with BlackRock, Jio BlackRock AMC, scaled its closing AUM to INR8,412 crore within a year of entering the market.
- Jio Payment Bank deposits grew 1.7 times to INR617 crore, indicating strong customer engagement and trust.
- The company's total expenses increased significantly to INR991 crore from INR254 crore in Q1 FY26, reflecting scaling up of business infrastructure.
- Staff expenses rose to INR152 crore from INR64 crore in Q1 FY26, due to annual increments and performance bonus payouts.
- The share of associates and joint ventures reported a loss of INR19 crore during the quarter.
- The company's debt-to-equity ratio stands at 3.9x, which, while providing room for growth, indicates a high level of leverage.
- Despite strong growth, the company continues to face challenges in maintaining stringent credit card rails and macro underwriting rules to ensure top-tier asset quality.
Good evening, everyone. It gives me immense pleasure to welcome all of you to the Q1 FY27 earnings conference call of Jio Financial Services Limited. My name is Deepak Daga, and I head Strategy and Investor Relations for Jio Financial Services.
On the call with us today. We have Mr. Hitesh Sethia, Managing Director and Chief Executive Officer of Jio Financial Services Limited, who will take us through the operating performance across all of our businesses.
We are also joined by Mr. Kashimath Hariaran, Managing Director and Chief Executive Officer of our subsidiary, Jio Payment Solutions Limited, who will take us through the performance and strategy of the payment solutions business. In addition, we also welcome our new Group Chief Financial Officer, Ms. Annapoorna Venkataramanan, who will take us through the overall financial performance for the quarter.
The earnings presentation for the quarter has been uploaded on our website, www.jfs.in
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