Jio Financial Services (JFS) reported strong growth for Q3 FY26, driven by accelerated momentum across its businesses. Assets Under Management reached over ₹19,000 crore, a 4.5x year-on-year increase. Net Income from Business Operations stood at ₹386 crore, up 320% year-on-year. Jio Payments Bank’s deposit base crossed ₹500 crore, representing a 94% year-on-year growth.
Financial Performance Highlights
Jio Financial Services (JFS) demonstrated strong financial results in Q3 FY26, characterized by significant growth across its key business segments. Key highlights include:
- Assets Under Management: Reached over ₹19,000 crore, marking a 4.5x year-on-year growth.
- Net Income from Business Operations: Increased to ₹386 crore, up 320% year-on-year and 22% sequentially. This represents 55% of Consolidated Total Net Income.
- Consolidated Total Income: Doubled year-on-year to approximately ₹900 crore.
- Pre-Provisioning Operating Profit: Stood at ₹354 crore.
Jio Credit Performance
Jio Credit achieved substantial scale, with Assets Under Management exceeding ₹19,000 crore. Gross disbursements for the quarter were over ₹8,600 crore, double the disbursements in Q3 FY25.
Jio Payments Bank Growth
Jio Payments Bank witnessed substantial growth in Q3 FY26:
- Deposit base crossed ₹500 crore, up 94% year-on-year.
- Customer base grew 69% year-on-year.
- Expanded Business Correspondent network to approximately 287,000 touchpoints.
JioBlackRock Update
The joint venture, JioBlackRock, has launched 10 funds across cash, debt, and equity categories. Assets Under Management in this business stood at around ₹15,000 crore.
Strategic Initiatives
Jio Financial Services is focused on long-term growth, with a strategy centered around:
- Building a diversified presence with tailored products for borrowing, investing, protecting, and transacting.
- Leveraging a digital-first strategy to drive customer acquisition and engagement.
- Nurturing newer ventures, such as wealth management and insurance joint ventures.
Operational Developments
- Unique user base of over 20 million across all digital properties.
- Average Monthly Active Users reached over 9.2 million.
Source: BSE
