India, July 17 -- Jio Financial Services' Bumper Q1

It was a profitable Q1 for Jio Financial Services. Buoyed by a humming lending engine and healthy growth across all its other verticals, the company crossed the Rs.2,000 Cr revenue mark. However, surging expenses played spoilsport as JFS continued to chase its super app vision.

Here is a quick snapshot of JFS' Q1 FY27 numbers:

Net profit zoomed 2.6X YoY to Rs.830.3 Cr

Operating revenue surged 227% YoY to Rs.2,005 Cr

Total expenses rose 291% YoY to Rs.1,015.8 Cr

The Credit Engine: The NBFC arm was the main driver of JFS' revenue surge. Jio Credit aggressively scaled its loan book and disbursements, pushing AUM past the Rs.30,600 Cr mark. That growth translated into net interest inco...