Jio Financial Services Reports 2QFY27 NII Growth of 165%
Motilal Oswal's report says Jio Financial Services' 2QFY27 net interest income grew about 165% year over year to INR6.8 billion, around 18% above estimates. Other income fell about 28% to INR4.4 billion, while operating expenses rose about 91% to INR5.5 billion, 14% above estimates.
Motilal Oswal’s research report said Jio Financial Services (JIOFIN) recorded 2QFY27 net interest income growth of about 165% year over year to INR6.8b, around 18% above estimates. Other income fell about 28% year over year to INR4.4b, including investment income of about INR1.6b, compared with INR1.8b in the prior year. Operating expenses increased about 91% year over year to INR5.5b, 14% above estimates. W…