Jio Financial Services has performed well in the first quarter of the financial year 2026-27. The company’s profit has increased by 156% to Rs 830 crore and total income has increased by 141% to Rs 1,496 crore. This growth is due to the increase in lending, payments and asset management.
Mumbai (Maharashtra) [भारत]July 16 (ANI): Jio Financial Services Limited (JFSL) on Thursday said its consolidated net profit (PAT) increased 156 per cent year-on-year to Rs 830 crore in the first quarter of financial year 2026-27. This growth is due to strong growth in the company’s lending, payments, asset management and insurance businesses.
According to the company’s unaudited financial results for the quarter ending June 30, 2026, consolidated total income (except dividends) stood at Rs 1,496 crore, registering a growth of 141 per cent year-on-year.
Highlights of Financial Performance
The company’s pre-provisioning operating profit (PPOP), excluding dividend income, rose 38 per cent year-on-year to Rs 505 crore. Profit before tax (PBT), excluding dividend income, increased 18 per cent year-on-year to Rs 461 crore, while PBT including dividend income increased 131 per cent year-on-year to Rs 970 crore. Consolidated shareholders’ equity of JFSL stood at Rs 1.37 lakh crore as of June 30, 2026. During the quarter, the company received the second tranche of Rs 5,934 crore from the promoter group, taking the total capital infusion to Rs 9,890 crore.
Business Segment Performance
The company said its performance during the quarter reflects the growing momentum across its business portfolio, led by consistent loan growth in its lending arm, Jio Credit Limited, as well as expansion in its asset management and payments businesses.
Operational Highlights
In operational highlights, Jio Credit Ltd’s Assets Under Management (AUM) grew 2.6x YoY to Rs 30,667 crore, while quarterly gross disbursements grew 2.7x YoY to Rs 11,252 crore. Net interest income (NII) grew 118 per cent year-on-year to Rs 257 crore and net profit (PAT) grew 113 per cent year-on-year to Rs 96 crore.
The company’s asset management joint venture recorded AUM of Rs 18,412 crore, up 21 per cent quarter-on-quarter, with liquid fund AUM crossing Rs 10,000 crore. Jio Payments Solutions recorded total payment value (TPV) of Rs 19,208 crore, up 2.5x YoY, while Jio Payments Bank’s customer deposits grew 1.7x YoY to Rs 617 crore. Insurance broking business facilitated premium of Rs 238 crore, an increase of 1.6 times YoY. Allianz Jio Reinsurance Limited also established its initial market presence by underwriting gross written premiums of Rs 266 crore during the first full quarter of its operations.
Strong hold on digital platforms
The company also highlighted the strong digital engagement through the JioFinance app, which now has 25 million unique users. During June 2026, the platform recorded an average of around 34,000 product purchases per day across offerings such as personal loans, credit cards, digital gold and fixed deposits.
Management’s comment
Commenting on the results, Managing Director and CEO Hitesh Sethia said, “The consistent business momentum across all 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.”
He further added, “Given the huge opportunity for deeper penetration in sectors such as investment solutions and insurance in the country, we are accelerating our investments in some of our new businesses including our JVs with BlackRock and Allianz in these sectors, which will drive significant returns over time.” (ANI)
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