Jio Financial Services Limited (JFSL) kicked off FY26 on a strong note, delivering robust growth and expanding its footprint across India’s financial services landscape.
For Q1 FY26, the company reported total income of ₹619 crore, up 48% YoY, with net profit at ₹325 crore, rising 4% YoY. Notably, net income from business (core operating earnings) grew nearly 4x YoY to ₹219 crore, contributing about 40% of total net income.
Key Highlights:
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NBFC (Jio Credit Limited) AUM soared 50x YoY, reaching ₹11,665 crore from just ₹217 crore in Q1 FY25.
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Jio BlackRock AMC debuted with an NFO that attracted over ₹17,800 crore, placing it among India’s top 15 fund houses by debt AUM.
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The JioFinance app recorded 8.1 million average monthly active users, serving as a unified digital storefront for loans, investments, payments, and insurance.
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Jio Payments Bank expanded its business correspondent network 2.5x QoQ to more than 50,000 touchpoints, enabling deeper financial access nationwide.
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Beauty distribution, wealth management, and securities broking businesses under the Jio BlackRock JV also secured regulatory approvals and began building teams.
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JFSL acquired SBI’s 14.96% stake in Jio Payments Bank during the quarter, making it a wholly-owned subsidiary.
The company highlighted its technology-first approach, leveraging AI and data analytics to create a single customer view and personalize offerings at scale through the JioFinance app.
Hitesh Sethia, MD & CEO, said:
“Our results reflect the measured and evolving nature of our growth curve, balancing investments in early-stage businesses with profitability in mature ones. With our tech-driven platform and strategic foresight, we aim to democratize financial access for every Indian household.”
JFSL’s Q1 marks a significant step in building a future-ready, cloud-first delivery model, poised to transform financial inclusion at scale.
