Shares of Jio Financial Services climbed as much as 6 per cent on Friday after the company reported a strong financial performance for the first quarter of the 2026–27 financial year. Investor sentiment strengthened following a sharp rise in the company’s quarterly earnings, driving the stock higher in early trade on the National Stock Exchange.
Jio Financial’s share price opened at ₹247.50, up from the previous close of ₹235.65, and touched an intraday high of ₹249.95. Despite the rally, the stock remains more than 16 per cent lower on a year-to-date basis, underperforming the benchmark Nifty 50 index.
The company reported a 156 per cent year-on-year increase in consolidated net profit to ₹830 crore for the quarter ended June, compared with ₹325 crore in the corresponding period last year. The strong earnings were supported by steady business growth across its operations.
Net interest income (NII) more than doubled, rising 106 per cent year-on-year to ₹540 crore. Meanwhile, other income surged 306 per cent to ₹1,040 crore, driven by dividend income of ₹510 crore and investment income of ₹210 crore.
The robust quarterly performance reflects Jio Financial’s continued business expansion and improving financial strength. The sharp rise in profit and income has boosted investor confidence, with market participants closely watching the company’s future growth prospects in India’s expanding financial services sector.
