Jio Financial Services Limited Q3 FY26 Consolidated Total Income at INR 901 crore, up 101% YoY; Pre-Provisioning Operating Profit at INR 354 crore, up 7% YoY

The Board of Directors of Jio Financial Services Limited (“JFSL”, also referred to as the “Company”), at its meeting held in Mumbai today, approved the unaudited financial results for the third quarter of the financial year 2025-26, ended December 31, 2025 (Q3 FY26). 

Key financial highlights for the quarter ended December 31, 2025:

• Q3 FY26 Consolidated Total Income at Rs. 901 crore, up 101% YoY
• Pre-Provisioning Operating Profit grew 7% YoY to Rs. 354 crore. 
  • Growth in total income was partially offset by higher expenses, in line with growth in volume across all businesses. 
• Share of Associates and JVs stood at Rs. 36 crore, vs. Rs. 59 crore in Q3 FY25. 
  • Ongoing investments for long-term growth and scale at the AMC and Wealth Management Company (WMC) are reflected in the lower Share of Associates and JVs during the quarter. 
• Profit After Tax at Rs. 269 crore.  

Key Operational Highlights:

• Share of Net Income from Business^ to Consolidated Total Net Income* grew to 55% in Q3 FY26, from 20% in Q3 FY25.
• NBFC’s Assets Under Management (AUM) at Rs.19,049 crore, up 4.5x YoY and 29% QoQ. 
• AMC’s AUM at Rs. 14,972 crore across 10 funds; 1 million retail investor base. 
• Payment Solutions’ Transaction Processing Volume at Rs. 16,315 crore, up 2.6x YoY. 
• Payments Bank’s Deposits at Rs. 507 crore, up 94% YoY. 

A strong and diversified product suite and growing distribution footprint resulted in higher contribution of core businesses during the quarter, while returns from treasury operations continued to provide an adequate capital cushion for investments. 

JFSL’s business portfolio has a balanced mix of ventures that are in the growth phase – including the NBFC, Payments Bank, Payment Solutions, Insurance Broking and Asset Management; and those at an incubation stage – including Wealth Management, Securities Broking, Reinsurance and proposed Primary (Life and General) Insurance.  The Company’s earnings reflect the rapid scaling up of growth-stage entities, alongside sustained strategic capital deployment to nurture early-stage businesses. 

Jio Credit Limited

• Gross Disbursements of Rs. 8,615 crore, ~2x YoY and 30% sequentially.   
• Net Interest Income of Rs. 165 crore for the quarter, up 166% YoY and 18% QoQ. reflecting healthy growth in interest-earning assets and declining cost of funds.
• Pre-Provisioning Operating Profit increased to Rs. 99 crore, up 130% YoY and 24% QoQ.

Jio Payments Bank  

• Total income grew 10x YoY and doubled sequentially to Rs. 61 crore, driven by a 3x sequential growth in transaction throughput. 
• Total deposits, including current accounts, savings accounts, and wallets, stood at Rs. 507 crores as of December 31, 2025, up 94% YoY and 20% QoQ over the preceding quarter. 
• Customer base grew 69% YoY and around 9% QoQ to 3.20 million. 
• Business Correspondent network grew to 2,86,766 BCs vs. 7,263 BCs in Q3 FY25. 

Jio Payment Solutions

• Transaction Processing Volume (TPV) at Rs. 16,315 crore, up 2.6x YoY and 20% QoQ. 
• Gross fee and commission income at Rs. 96 crore, up 4.6x YoY and 26% QoQ. 
• Sharp focus on unit-level profitability with a consistent gross margin of 10 bps. 

Jio Insurance Broking 

• Facilitated a premium of Rs. 212 crore in Q3 FY26, up 23% YoY. 
• Digital Point of Sales Person (PoSP) channel premium up ~5x QoQ. 

Jio BlackRock JVs

• 51% of investors with Active SIPs; 40%+ of Retail AUM coming from B30 cities; 18%+ of our investors new to Mutual Funds.   
• AUM in the Active Equity Flexi Cap Fund is up 70% since NFO.
• Curated model portfolios of JioBlackRock mutual funds were launched to enable customers to achieve diverse financial goals.

JioFinance app

The JioFinance app is the Company’s primary, unified digital storefront. During the quarter, JFSL recorded 20 million unique users across all digital properties, with an average monthly active user base of 9.2 million during the quarter. The growth in user base is an outcome of its sharp digital strategy and reflects the high stickiness and relevance of seamlessly accessible products, available through JFSL Group companies as well as trusted, third-party providers. 

Hitesh Sethia, Managing Director and CEO, JFSL, said, “We are witnessing a secular trend in business momentum across all our operating verticals, which has now gained significant velocity. At the same time, we continue to invest for growth across new businesses, positioning them for long-term success. As we continue to build depth, capability and market presence, we are well-positioned to shape the next phase of financial services in India, driven by intelligence, hyper-personalisation and enhanced accessibility, leveraging technology and data analytics.”