Jio Financial Services Shares Surge Over 3.5% Today After Blockbuster Q1 FY27 Results; Should You BUY or SELL?

The rally in Jio Financial shares is mainly because Reliance Group's non-banking financial arm reported a strong set of numbers for the first quarter of FY27, sending the stock higher even though it is well below its 52-week high of Rs 338.60.

Jio Financial shares have shed nearly 20% so far this year and around 26% over the past twelve months.

Jio Financial Services Q1 FY27 Results

Jio Financial Services' board approved the company's unaudited consolidated financial results for the quarter ended June 30, 2026, on Thursday, July 16, after market hours.

Consolidated net profit came in at Rs 830 crore, up 156% YoY from Rs 325 crore in the same quarter last year, and up roughly 205% YoY sequentially from Rs 272 crore in the March 2026 quarter. Revenue from operations more than tripled YoY to Rs 2,004 crore, against Rs 612 crore in Q1 FY26, and nearly doubled from Rs 1,018 crore in the preceding quarter.

Interest income rose 165% YoY to Rs 962 crore, due to expansion in the lending book through Jio Credit. The Profit Before Tax excluding dividend income increased 18% YoY to Rs 461 crore. Basic and diluted earnings per share for the quarter stood at Rs 1.27.

Other Developments During the Quarter

Beyond the numbers, the company also incorporated Jio Allianz General Insurance Ltd as a 50:50 joint venture with Germany's Allianz Group during the quarter. As per the exchange filing, consolidated shareholders' equity stood at Rs 1.37 lakh crore as of June 30, 2026.

Jio Financial Services Brokerage Analysis & Share Target Price

Brokerage firms are mostly bullish on Jio Financial Services after its strong Q1 FY27 show.
Motilal Oswal (MOFSL), in its latest note published today, gave a Buy rating with a target price of Rs 315, implying an upside of roughly 34%.

The firm said that the sharp rise in the Jio Credit loan boom, where the AUM crossed Rs 30,000 Cr and other improvements in the Jio Payments Bank and Jio Payment Solutions is the reasons behind this bullish call.

Geojit Investments has also maintained a Buy call, with a more conservative target of Rs 273.

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