Jio Financial Services (JFSL) reported a 44% year-over-year increase in consolidated total income, reaching ₹1,002 crore for Q2 FY26. Net income from business grew approximately 5x to ₹317 crore, representing 52% of the consolidated net total income. The company’s digital-first approach and focus on financial services are driving robust growth.
Financial Performance Highlights
Jio Financial Services Limited (JFSL) announced its unaudited financial results for the second quarter of fiscal year 2025-26, showcasing significant growth and strategic progress.
Key highlights include:
- Net Income from Business: 52% of Consolidated Net Total Income (ex-dividend), a substantial increase from 14% in Q2 FY25.
- Assets Under Management (AUM): The NBFC’s AUM reached ₹14,712 crore, a significant rise from ₹1,206 crore in Q2 FY25.
- AMC AUM: Stood at ₹15,980 crore, with a maiden NFO for an actively managed flexi cap fund garnering approximately ₹1,500 crore in investments.
- Pre-provisioning Operating Profit: Recorded at ₹579 crore, compared to ₹552 crore in Q2 FY25.
- Profit After Tax: Reached ₹695 crore, compared to ₹689 crore in Q2 FY25.
Business and Product Updates
JFSL reported strong business growth driven by its digital-first strategy. Net Income from Business comprises income from the NBFC and the payments bank, fee income from the asset management company, and income from payment solutions, insurance broking, and digital gold.
Jio Payments Bank Limited (JPBL): Now a wholly-owned subsidiary following the acquisition of State Bank of India’s (SBI) remaining shareholding in June 2025. Its financials are now fully consolidated.
Products and Distribution: The company accelerated new product launches and expanded its omni-channel distribution network during Q2 FY26.
JioFinance App: Reached approximately 18 million unique users across all digital platforms.
Jio Credit Limited (JCL): The NBFC arm reported a 12x year-over-year growth in AUM.
Jio Payment Solutions Limited (JPSL): Saw its Transaction Processing Volume (TPV) rise significantly to ₹13,566 crore, up 167% year-over-year.
Strategic Initiatives
Jio Insurance Broking Limited: Facilitated ₹347 crore in premiums and issued 2.9 lakh policies during the quarter.
Jio BlackRock Asset Management Private Limited: Launched six funds during the quarter. The JioBlackRock Flexi Cap Fund attracted investments of around ₹1,500 crore.
Management Commentary
Hitesh Sethia, Managing Director and CEO, JFSL: stated that the significant growth is a direct result of initiatives towards scaling up profitably, pursuing a risk-calibrated growth strategy, and leveraging AI and analytics.
Source: BSE