Analysts/Institutional Investor Meet/Con. Call Updates

July 22, 2026 BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, Dalal Street, Fort, Plot No. C/1, G Block, Bandra-Kurla Complex, Mumbai 400 001 Bandra (East), Mumbai 400 051 Scrip Code: 543940 Trading Symbol: JIOFIN Dear Sirs, Sub: Transcript of Presentation on Unaudited Financial Results (Consolidated and Standalone) for the quarter ended June 30, 2026 Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the transcript of the presentation made to analysts on July 16, 2026, on the Unaudited Financial Results (Consolidated and Standalone) of the Company for the quarter ended June 30, 2026, is attached and also available on the Company’s website at https://www.jfs.in/financials/?doc=quarterly-results. The presentation concluded at 7.44 p.m. (IST) on July 16, 2026. This is for information and records. Thanking you, Yours faithfully, For Jio Financial Services Limited Mohana V Group Company Secretary and Compliance Officer Encl: a/a Jio Financial Services Limited Registered Address: 1st Floor, Building 4NA, Maker Maxity, Bandra Kurla Complex, Bandra East, Mumbai - 400051, India +91 22 3555 4094 | www.jfs.in | investor.relations@jfs.in | CIN: L65990MH1999PLC120918 Jio Financial Services Limited Q1 2026 – 2027 Analyst Call Transcript Call Participants: Mr. Hitesh Sethia, MD & CEO – Jio Financial Services Limited Mr. Kashinath Hariharan, MD & CEO – Jio Payment Solutions Limited Ms. Annapoorna Venkataramanan, Group Chief Financial Officer – Jio Financial Services Limited Mr. Dipak Daga, Head - Strategy & Chief Investor Relations Officer – Jio Financial Services Limited Transcript: Mr. Dipak Daga (0:12): 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 Dipak 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. Kashinath Hariharan, 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, as well as on the stock exchanges. I would like to remind all participants that this call will be conducted in a listen-only mode. Before I hand over the call, I would like to read out the Safe Harbor statement. This presentation contains forward-looking statements which may be identified by their use of words like plans, expects, estimates or other words of similar meaning. All statements that address expectations or predictions about the future, including, but not limited to, statements about strategy for growth, product development, market position are forward statements based on rationale and data. Actual results may vary materially given the market circumstances. I will now hand over the call to Hitesh to discuss our business in detail. Mr. Hitesh Sethia (1:56): Good evening, everyone, and a very warm welcome to our earnings conference call for the first quarter of fiscal 2027. I am happy to report yet another strong quarter of performance and that the financial year has gotten off to a robust start for us. When we set out on this journey, our stated 'North Star' was the absolute democratization of access to world-class financial services for 1.4 billion Indians. This quarter marks a profound acceleration towards that mission. We are completely shifting the paradigm of Indian financial services by leveraging cutting-edge technology, data analytics and AI to deliver experiences that are not just digital-first, but intelligent-always and hyper-personalized for the financial well-being of our customers. Today, we will take you through how our core business operations are scaling up, establishing themselves as the primary engine of long-term value creation. Moving to our business performance for the quarter, you can see the growth and velocity we are achieving across all business segments. This traction across our diverse portfolio of business is a direct validation of our full-stack financial ecosystem hitting critical mass. Our lending business, Jio Credit, saw its Gross AUM surge 2.6x year-on-year, standing at ₹30,667 crores. Our high-frequency customer engagement layers are exhibiting stellar growth—Jio Payments Bank deposits grew 1.7x to ₹617 crores, while Jio Payment Solutions grew its Total Payment Volume… Value by Rs.… by 2.5x to ₹19,208 crores. On the protection and investment fronts, insurance premiums facilitated reached ₹238 crores. JioBlackRock AMC, in just about a year of entering the market, has scaled its closing AUM to ₹18,412 crores. Finally, our newly operationalized reinsurance business, Allianz Jio Reinsurance, underwrote ₹266 crores premium during its very first full quarter of activity. This slide demonstrates how this operational velocity is translating into high-quality financial performance. Our Consolidated Total Income, excluding dividends, grew 141% year-on-year to ₹1,496 crores. Pre-Provision Operating Profit, or PPOP, rose 38% year-on-year to ₹505 crores. Profit Before Tax, or PBT, excluding dividend and an exceptional item in Q1 FY26, expanded 18% year-on-year to ₹461 crores. Including dividend, Profit Before Tax rose 131% YoY to ₹970 crore. From an accounting standpoint, this quarter marks the full line-by-line consolidation of Reliance Services and Holdings Limited as a 100% step-down subsidiary. Our Group CFO, Ms. Annapoorna Venkataramanan, will touch upon this later during this presentation. Crucially, our core business operations are now firmly established as our primary financial anchor. The profit of our NBFC increased 113% YoY to ₹96 crores, driven by sustained growth in loan book. What is equally encouraging is the operational turnaround of both our Payments Bank and Payment Solutions businesses, which have moved out of gestation and are now contributing positively to our unit-level economics, even as we continue targeted investments to incubate our nascent verticals. The company’s Total Consolidated Shareholders' Equity stood at ₹1.37 lakh crores as of June 30, 2026. I am pleased to share that during the quarter, we received the second tranche of ₹5,934 crore from our Promoters on account of the preferential warrants. This brings our cumulative fund infusion from this route to ₹9,890 crore, reinforcing our structural strength and giving us adequate firepower to pursue our ambitious growth plans. Even as our lending arm scales up rapidly and our payments businesses operate with metrics comparable or better than industry standards, we continue to invest specifically in our nascent stage ventures – particularly the joint ventures with BlackRock for investments and Allianz for insurance. Given the significant runway for growth in sectors like asset management, wealth management and insurance, we believe our investments will be highly accretive for the company and all its stakeholders. Our execution momentum this quarter was highlighted by several landmark operational achievements. Our NBFC sustained highly robust organic growth, with quarterly loan disbursements exceeding ₹11,000 crore. In our payments business, we focused on high-utility, infrastructure-linked digital financial services to diversify our revenue stream, while contributing to the cause of nation-building. Jio Payments Bank successfully went live with its FASTag ANPR-based Multi-Lane Free-Flow toll processing operatio [Showing first 8,000 characters — download PDF for full document]