Jio Financial Services (JIOFIN)’s 1QFY27 NII grew ~106% YoY to INR5.4b (37% beat). Other income grew 306% YoY to INR10.4b, which included dividend income of INR5.1b (which was typically received in 2Q of the previous fiscal years) and investment income of ~INR2.1b (PY: INR2b).