Jio Financial Q3 FY25: NBFC AUM rises by 248% QoQ to ₹4,199 crore

Jio Financial Services Limited (JFSL) has announced its key operational and financial highlights for the third quarter of FY25, showcasing robust growth and expansion across multiple verticals.

Key Financial Performance:

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  • NBFC AUM: ₹4,199 crore, a significant increase from ₹1,206 crore in Q2 FY25.
  • Payments Bank CASA Customers: 1.89 million, reflecting a 25% QoQ growth.
  • Consolidated PAT: ₹295 crore for Q3 FY25.

Operational Highlights:

  1. Payment Solutions:
    • Embedded payment solutions in JioBharat, enabling seamless merchant onboarding at scale.
    • Expanded the Payments Bank Business Correspondent network to 7,300 outlets.
  2. Insurance Broking:
    • Broadened insurance offerings across multiple categories and distribution channels, providing greater accessibility.
  3. Digital Engagement:
    • Recorded 7.4 million average monthly active users (MAUs) across all JFSL digital platforms.
    • Enhanced the “My Money” app to serve as an account aggregator for bank accounts, mutual funds, and shares.
  4. Simplified Digital Services:
    • Launched an end-to-end digital journey of less than five minutes for SmartGold, bank account opening, and loans against mutual funds.
    • Enabled quick purchase of two-wheeler insurance and small merchant onboarding.

Expansion and Distribution:

  • NBFC operations are now present in seven cities with nine offices.
  • Marketing tie-ups with MyJio app to enhance customer acquisition.

Licensing and Regulatory Approvals:

  • JFSL received the Online Payment Aggregator license.
  • Jio BlackRock Asset Management Pvt. Ltd. filed for final regulatory approval.
  • Applied for a Third Party Application Provider (TPAP) license for JioFinance app.

Jio Financial Services continues to strengthen its foothold in the digital financial ecosystem, delivering seamless experiences and driving operational excellence across its NBFC, payments, and insurance segments.