Jio Financial Services (JFSL) reported a 44% year-on-year increase in consolidated total income, reaching ₹1,002 crore for Q2 FY26. Net income from core business operations grew 5x to ₹317 crore. Jio Payments Solutions saw a 167% YoY rise in transaction processing volume, while Jio Payments Bank transaction throughput increased 15x sequentially. The company’s asset management JV with BlackRock reached ₹15,980 crore in AUM.
Financial Performance Highlights
Jio Financial Services Limited (JFSL) has demonstrated robust financial performance in Q2 FY26, marked by significant growth across various business segments:
- Consolidated Total Income: ₹1,002 crore, up 44% year-on-year.
- Net Income from Business: Grew 5x year-on-year to ₹317 crore, representing 52% of Consolidated Net Total Income.
- Pre-Provisioning Operating Profit (PPoP): ₹579 crore, up 5% YoY.
These figures underscore JFSL’s increasing scale and the effectiveness of its strategic initiatives.
Key Business Updates
JFSL has made significant strides in its various business verticals:
- NBFC (Jio Credit Limited): Assets Under Management (AUM) reached ₹14,712 crore, a 12x increase YoY. Quarterly disbursements reached ₹6,624 crore.
- Asset Management JV with BlackRock: AUM stood at ₹15,980 crore since launch, with nine funds brought to market. Maiden actively managed equity fund, JioBlackRock Flexi Cap Fund, raised approximately ₹1,500 crore.
- Payments Business: Jio Payment Solutions’ Transaction Processing Volume (TPV) increased 167% YoY to ₹13,566 crore. Jio Payments Bank transaction throughput grew 15x sequentially.
These developments reflect the company’s commitment to innovation and customer-centric solutions.
Jio Payments Bank Developments
Jio Payments Bank has expanded its reach and diversified its offerings:
- Customer base grew to approximately 3 million, nearly double that of Q2 FY25.
- Deposits rose to ₹421 crore, about double the deposit base of Q2 FY25.
- The bank entered digital toll processing at National Highway toll plazas and has secured mandates for 12 toll plazas.
- Business Correspondents increased to approximately 200,000.
Strategic Initiatives and Expansion
JFSL is focused on:
- Expanding its digital and physical presence to enhance customer reach.
- Leveraging data analytics and machine learning to improve product offerings and customer targeting.
- Maintaining a strong capital base to pursue long-term strategic goals.
BlackRock JV Update
The asset management joint venture with BlackRock has seen positive momentum, focusing on providing accessible and affordable investment solutions:
- Launched two sets of New Fund Offerings (NFOs) totaling 6 additional funds.
- Index Funds collected ₹329 crores in the August NFOs.
Financial Position
JFSL maintains a robust financial position:
- Consolidated Net Worth: ₹1.35 lakh crore as of September 30, 2025.
- Standalone total assets stood at ₹29,267 crore.
Source: BSE