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Informist, Friday, Apr. 17, 2026

 

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--Jio Financial: NBFC's FY26 assets under management at INR 257.11 bln 
--CONTEXT: Comments by Jio Financial mgmt in post-earnings call with analysts 
--Jio Financial: Asset management co's FY26 AUM at INR 152.18 bln 
--Jio Financial: Witnessed steep increase in treasury yields late Mar 
--Jio Financial: Jio Credit expanded on-ground presence to 18 cities 
--Jio Financial: Jio Credit's Jan-Mar average cost of borrowing at 7.00% 
--Jio Financial: Saw 9.3 mln average monthly active users in Jan-Mar 
--Jio Financial: Seeing consistent velocity across entire portfolio 
--Jio Financial: Will continue to harness power of automation

 

By Shumaila Firoz and Sagar Sen 

 

MUMBAI/NEW DELHI – Jio Financial Services Ltd. is well placed for consistent momentum across its businesses, marking a clear shift from the build-out phase to scale, supported by rising user engagement and expanding distribution, the company executives told analysts at a post-earnings conference call Friday. The management said that the company was "now seeing a consistent velocity across the entire portfolio, as our core business operations have firmly established themselves as the primary engine of our financial performance." 

 

The company continues to see a strong traction on its platform, with its user base growing steadily. It said, "We now serve 23 million unique users, with our monthly active user base climbing to 9.3 million this past quarter," indicating improving engagement and adoption across offerings. 

 

The financial services company reported consolidated net profit of INR 2.72 billion for the March quarter, down nearly 14% on year. Sequentially, the company's net profit was up 1%. Analyst had expected Jio Financial's net profit to rise 30% on year to INR 4.12 billion. 

 

Alongside digital growth, Jio Financial is also strengthening its physical reach to support lending expansion. The company's management said, "Jio Credit has expanded its on-ground presence to 24 offices across 18 cities." 

 

On the business side, assets under management continued to scale up across segments. Jio Credit's assets under management grew to over INR 257.11 billion as of Mar. 31, while AUM of Jio BlackRock Asset Management crossed INR 152.18 billion, and its quarterly average AUM grew 21% sequentially, the company said. 

 

Funding costs remained stable despite a volatile environment, with management saying, "Our average cost of borrowing has remained resilient quarter-on-quarter at 7%." However, treasury performance saw some pressure due to market movements, with the company noting, "We witnessed a steep increase in treasury yields in late March 2026...This volatility impacted our treasury income." 

 

Going ahead, the company said its focus will be on technology-led efficiency and scalability. "We will continue to harness the power of automation, Artificial Intelligence and machine learning to drive operational efficiencies and cost effectiveness," the company's management said. 

 

Friday, Jio Financial's shares ended over 1% higher at INR 243.86 on the National Stock Exchange. The company detailed its March quarter results after market hours.  End

 

Edited by Akul Nishant Akhoury

 

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