Jio Financial Services on Thursday released the first quarter earnings report for FY26 with profit at Rs 324.66 crore, posting a growth of 3.85 per cent in comparison to Rs 312.63 crore recorded during the corresponding quarter of previous financial year. It posted revenue from operations at Rs 612.46 crore, reporting a jump of 46.58 per cent as against Rs 417.82 crore recorded during the first quarter of FY25.

Jio Financial Services, a spin-off from Reliance Industries, operates in areas including investment and financing, insurance broking, and services such as payments banking, payment aggregation, and payment gateways.

Net income jumps four-fold to Rs 219 crore

Jio Financial reported Rs 219 crore in net income from business operations, a 4x increase year-on-year, contributing 40 per cent of consolidated net total income compared to just 12 per cent in Q1 FY25. Total consolidated income stood at Rs 619 crore, marking a 48 per cent year-on-year increase.

Consolidated pre-provisioning operating profit (PPOP) stood at Rs 366 crore, showing an 8 per cent YoY growth. Assets under management for the NBFC business grew from Rs 217 crore in Q1 FY25 to Rs 11,665 crore in Q1 FY26.

JioBlackRock AMC’s AUM hits Rs 17,876 crore after debut NFO

JioBlackRock AMC’s AUM reached Rs 17,876 crore, post NFO closure on July 2, 2025, making it one of the top 15 AMCs by debt assets.

ALSO READ

JioBlackRock Asset Management is the 50:50 joint venture between Jio Financial Services and global asset manager BlackRock. It has now received Jio BlackRock AMC gets Sebi nod for 5 passive funds. These include four equity-based index funds tracking the Nifty 50, Nifty Next 50, Nifty Midcap 150, and Nifty Smallcap 250, and one debt-oriented fund based on the Nifty 8–13 yr G-Sec Index. All funds allow retail participation with a minimum investment of just ₹500.

“JioBlackRock entities for asset management, wealth management and broking receive regulatory approvals; strong investor participation in maiden NFO,” the company stated in its release.

Credit lending arm of Jio Financials skyrockets to Rs 11,665 crore

Jio Credit Limited, the company’s lending arm, reported significant growth in its asset base. The assets under management (AUM) rose to Rs 11,665 crore in Q1FY26, compared to just Rs 217 crore a year ago.

ALSO READ

The segment’s net interest income soared 240 per cent year-on-year to Rs 118 crore. Profit after tax from the lending business increased 24 per cent to Rs 45 crore. Jio Credit now offers a range of secured retail and corporate loans, including home loans, loans against property and securities, and corporate credit lines.

Deposits in Jio Payments Bank jump 206 per cent to Rs 358 crore

Jio Payments Bank also delivered a robust performance. Deposits surged to Rs 358 crore, up 206 per cent from the previous year. The bank’s customer base grew steadily, reaching 2.58 million CASA customers in Q1FY26.

The company has expanded its business correspondent network significantly, from 2,299 touchpoints a year ago to over 50,000. It recently completed the acquisition of SBI’s 14.96 per cent stake in Jio Payments Bank for approximately Rs 105 crore, making it a wholly-owned subsidiary of JFSL.