Jio Financial Services reported an 8 per cent YoY profit decline in the third quarter of FY26. The company posted a consolidated profit of Rs 268.9 crore in Q3 FY26. The Reliance Industries group company’s consolidated profit in Q3 FY25 was Rs 294.7 crore.
The company said that the profit in the quarter was offset by the higher expenses. Jio Finance’s expenses ballooned to Rs 565 crore in Q3 FY26, compared to Rs 130 crore in Q3 FY25.
While Jio Finance reported a decline in net profit for the quarter, its revenue from operations doubled to Rs 900 crore in Q3 FY26 from Rs 448 crore in the corresponding quarter of the previous fiscal year.
The company’s interest income jumped by 140% on a yearly basis in the quarter to Rs 504 crore from 210 crore in the same quarter of the last fiscal year.
“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 in growth across new businesses, positioning them for long-term success.” Hitesh Sethia, Managing Director and CEO of Jio Finance, said in a statement.
Jio Finance operational growth
The company said that NBFC’s Assets Under Management (AUM) at the end of Q3 stood at Rs . 19,049 crore, increasing 4.5 times YoY and 29% QoQ. The company added that AMC’s Assets Under Management stood at Rs. 14,972 crore across 10 funds with a 1 million retail investor base.
Digital assets growth
The company stated that the Jio Finance app had recorded 20 million unique users across all digital properties in the quarter, with an average monthly active user base of 9.2 million during the same period.
Jio Payments Bank’s total income grew 10 times YoY and doubled sequentially to Rs 61 crore, driven by a 3 times sequential growth in transaction throughput. The payments banks’ total deposits, including current accounts, savings accounts, and wallets, stood at Rs. 507 crores as of December 31, 2025.
The company said that Jio Payments’ Transaction Processing Volume (TPV) stood at Rs 16,315 crore, up 2.6x YoY and 20% QoQ.
“ 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.” CEO Sethia said.