Earnings Review
Jio Financial Services consol PAT up 156% YoY as revenue up over 3 times
This story was originally published at 19:34 IST on 16 July 2026
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--Jio Fincl Apr-Jun consol net profit INR 8.30 bln
--Jio Fincl Apr-Jun consol revenue INR 20.04 bln
--Jio Fincl Apr-Jun consol net profit INR 8.30 bln vs INR 3.25 bln year ago
--Jio Fincl Apr-Jun consol revenue INR 20.04 bln vs INR 6.12 bln year ago
--Jio Fincl Q1 consol investing revenue INR 9.82 bln vs INR 3.38 bln yr ago
--Jio Fincl Q1 consol lending revenue INR 6.98 bln vs INR 2.51 bln year ago
--Jio Fincl NBFC AUM INR 306.67 bln on Jun 30, up 2.6 times on year
--Jio Fincl AMC AUM INR 184.12 bln on Jun 30, up 21% on qtr
--Jio Fincl: Jio Credit Apr-Jun NII INR 2.57 bln, up 118% on year
By Nandini Sinha
MUMBAI – Jio Financial Services Ltd. Thursday posted a sharp rise in its consolidated net profit for the June quarter, driven by a significant jump in revenue. The growth in the core investment company's revenue was led by an increase in investment income.
Jio Financial Services posted a consolidated net profit of INR 8.30 billion in the June quarter, up 156% on year and 205% on quarter. The bottom line was sharply higher than Motilal Oswal Financial Services Ltd.'s estimate of INR 3.35 billion.
The company's total revenue from operations rose more than threefold to INR 20.04 billion. Investment revenue rose 190% on year to INR 9.82 billion. Lending revenue rose 178% to INR 6.98 billion, while revenue from the 'other' segment grew 447% on year to INR 3.58 billion.
The performance for the quarter reflects the accelerating momentum across the entire business portfolio, led by sustainable loan book growth of Jio Credit Ltd., Jio Financial Services' lending franchise, and the scaling up of the asset management and payments businesses, Jio Financial Services said.
Total expenses of the company grew nearly 290% on year to INR 10.16 billion. Of this, finance costs accounted for the largest share at INR 4.18 billion, up over 323% on-year.
The gross assets under management of Jio Credit, a non-banking finance company, rose 2.6 times on year to INR 306.67 billion as on Jun. 30. The assets under management of Jio Financial grew 21% sequentially to INR 184.12 billion. Jio Credit's net interest income rose 118% on year to INR 2.57 billion.
The total income of Jio Payments Bank Ltd. grew 7.7 times on year to INR 830 million, while customer deposits rose 72% on year to INR 6.17 billion.
Jio Payment Solutions Ltd.'s total payment value rose 2.5 times on year to INR 192.08 billion. Gross fee and commission income were at INR 1.76 billion, resulting in a net fee and commission income of INR 240 million.
Thursday, the company's shares closed 0.4% lower at INR 235.65 apiece on the National Stock Exchange. Jio Financial announced its results for the June quarter after market hours. End
Edited by Saji George Titus
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