Jio Financial Services Ltd (JFSL) reported a strong financial performance for FY26, driven by robust growth across its lending, asset management, payments, insurance and reinsurance businesses.
Highlights
- Consolidated total income (excluding dividend income) rose 141% YoY to ₹1,496 crore.
- Pre-Provisioning Operating Profit (PPOP), excluding dividends, increased 38% YoY to ₹505 crore.
- Profit Before Tax (PBT), excluding dividends, grew 18% YoY to ₹461 crore, while PBT including dividend income surged 131% YoY to ₹970 crore.
- Profit After Tax (PAT) jumped 156% YoY to ₹830 crore.
- Total consolidated shareholders’ equity stood at ₹1.37 lakh crore as of June 30, 2026.
NBFC Business Sees Rapid Growth
The company’s lending business continued its strong expansion during the year. The NBFC arm reported Assets Under Management (AUM) of ₹30,667 crore, registering a 2.6-times increase compared to the previous year, reflecting growing demand for its lending products.
Asset Management Business Expands
Jio Financial’s asset management business also maintained healthy momentum. The AMC’s AUM reached ₹18,412 crore, up 21% sequentially, while the Liquid Funds AUM crossed ₹10,000 crore, highlighting increasing investor participation.
Payments Business Gains Momentum
The digital payments business delivered strong growth during the year. Jio Payment Solutions recorded a Total Payment Value (TPV) of ₹19,208 crore, up 2.5 times year-on-year.
Meanwhile, Jio Payments Bank increased its deposits to ₹617 crore, representing a 1.7-times increase over the previous year.
Insurance and Reinsurance Businesses Grow
The company’s insurance broking business facilitated premiums worth ₹238 crore, growing 1.6 times year-on-year.
In the reinsurance segment, Allianz Jio Reinsurance Limited established its initial market footprint by recording ₹266 crore in gross written premiums during its first full quarter of operations.
Operational Turnaround
A major milestone during the quarter was that Jio Payments Bank Limited and Jio Payment Solutions Limited achieved an operational turnaround in Q1 FY27, marking improved operational efficiency and strengthening the company’s digital financial services ecosystem.
Outlook
With strong growth across lending, payments, asset management, insurance and reinsurance, Jio Financial Services delivered a robust FY26 performance. The company continues to strengthen its financial services platform through expanding scale, improving profitability and growing customer adoption across its businesses.
New Delhi: Jio Financial Services Ltd (JFSL) reported a strong financial performance for FY26, driven by robust growth across its lending, asset management, payments, insurance and reinsurance businesses. The company posted sharp
Highlights
- Consolidated total income (excluding dividend income) rose 141% YoY to ₹1,496 crore.
- Pre-Provisioning Operating Profit (PPOP), excluding dividends, increased 38% YoY to ₹505 crore.
- Profit Before Tax (PBT), excluding dividends, grew 18% YoY to ₹461 crore, while PBT including dividend income surged 131% YoY to ₹970 crore.
- Profit After Tax (PAT) jumped 156% YoY to ₹830 crore.
- Total consolidated shareholders’ equity stood at ₹1.37 lakh crore as of June 30, 2026.
NBFC Business Sees Rapid Growth
The company’s lending business continued its strong expansion during the year. The NBFC arm reported Assets Under Management (AUM) of ₹30,667 crore, registering a 2.6-times increase compared to the previous year, reflecting growing demand for its lending products.
Asset Management Business Expands
Jio Financial’s asset management business also maintained healthy momentum. The AMC’s AUM reached ₹18,412 crore, up 21% sequentially, while the Liquid Funds AUM crossed ₹10,000 crore, highlighting increasing investor participation.
Payments Business Gains Momentum
The digital payments business delivered strong growth during the year. Jio Payment Solutions recorded a Total Payment Value (TPV) of ₹19,208 crore, up 2.5 times year-on-year.
Meanwhile, Jio Payments Bank increased its deposits to ₹617 crore, representing a 1.7-times increase over the previous year.
Insurance and Reinsurance Businesses Grow
The company’s insurance broking business facilitated premiums worth ₹238 crore, growing 1.6 times year-on-year.
In the reinsurance segment, Allianz Jio Reinsurance Limited established its initial market footprint by recording ₹266 crore in gross written premiums during its first full quarter of operations.
Operational Turnaround
A major milestone during the quarter was that Jio Payments Bank Limited and Jio Payment Solutions Limited achieved an operational turnaround in Q1 FY27, marking improved operational efficiency and strengthening the company’s digital financial services ecosystem.
Outlook
With strong growth across lending, payments, asset management, insurance and reinsurance, Jio Financial Services delivered a robust FY26 performance. The company continues to strengthen its financial services platform through expanding scale, improving profitability and growing customer adoption across its businesses.
