Jio Financial Services (JFSL) has reported a 156 per cent year-on-year (YoY) growth in consolidated net profit to Rs 830 crore for the quarter ended June 2026, company said in its quarterly results on Thursday.
The growth was driven by strong growth in its lending business, higher treasury income, and continued scale-up across its payments, asset management and insurance businesses. On a standalone basis, net profit rose 47.27 per cent to Rs 105.24 crore.
Total income, excluding dividend income, rose 141 per cent YoY to Rs 1,496 crore this included dividend income, profit before tax more than doubled to Rs 970 crore, up 131 per cent from a year earlier.
Speaking on the results, Hitesh Sethia, Managing Director and CEO, Jio Financial Services, said, “The sustained business momentum across our verticals validates the granular architecture of our full-stack ecosystem and the strength of our execution. By strategically integrating AI and data analytics, we have unlocked significant efficiency gains across the value chain. We continue to drive robust growth in our tailored lending solutions, expand access to innovative investment products through our asset management arm, and power the operational turnaround of our payments business through revenue diversification and strict focus on unit economics.”
Further, Jio Payments Bank reported a 7.7-fold increase in total income to Rs 83 crore, while customer deposits rose 72 per cent YoY to Rs 617 crore.
Jio Payment Solutions recorded a total payment value (TPV) of Rs 19,208 crore during the quarter, up 2.5 times YoY with the gross fee and commission income climbed 6.4 times to Rs 176 crore, while net fee and commission income rose 3.4 times to Rs 24 crore.
The BlackRock joint venture continued to expand its asset management franchise, with closing AUM rising 21 per cent sequentially to Rs 18,412 crore. Liquid fund assets crossed Rs 10,000 crore during the quarter.
Jio Insurance Broking facilitated insurance premiums worth Rs 238 crore during the quarter, up 1.6 times YoY, while fee and commission income rose 131 per cent to Rs 61 crore. Allianz Jio Reinsurance, the company’s joint venture with Allianz, underwrote gross written premiums of Rs 266 crore in its first full quarter of operations.
Jio Financial Profit Skyrockets 155% To Rs 830 Crore
