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Informist, Thursday, Jan. 15, 2026

 

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--Jio Fincl Oct-Dec consol net profit INR 2.69 bln 
--Jio Fincl Oct-Dec consol revenue INR 9.01 bln 
--Jio Fincl Oct-Dec consol net profit INR 2.69 bln vs INR 2.95 bln year ago 
--Jio Fincl Oct-Dec consol revenue INR 9.01 bln vs INR 4.38 bln year ago 
--Jio Fincl Apr-Dec consol net profit INR 12.89 bln vs INR 12.96 bln yr ago 
--Jio Fincl Apr-Dec consol revenue INR 24.95 bln vs INR 15.50 bln year ago 
--Jio Fincl's AUM INR 190.49 bln as on Dec 31 vs INR 41.99 bln year ago

 

By Vaishali Tyagi

 

NEW DELHI – Jio Financial Services Ltd.'s net profit for the December quarter fell as a significant rise in total expenditure offset the increase in interest income. A drastic fall in other income also weighed on the bottom line of the company.

 

The financial services holding company reported a net profit of INR 2.69 billion for the December quarter, down nearly 9% on year, according to the quarterly data released Thursday. Sequentially, the company's net profit slumped over 61%.  

 

Total expenditure of the company rose by almost four times to INR 5.70 billion from INR 1.31 billion a year ago. On quarter, total expenditure grew nearly 30%. Out of total expenditure, impairment on financial instruments rose over 50% to INR 186 million. Expenditure on employee benefits grew to nearly 1 billion from INR 535.4 million a year ago. 

 

Interest income doubled to INR 5.04 billion in the reporting quarter from INR 2.10 billion a year ago. Income from fees, commission and other services rose over 393% to INR 1.82 billion, supporting the bottom line.  

 

Other income of the company slumped, which weighed on the bottom line of the company. Other income fell nearly 99% both yearly and sequentially to INR 1 million. In Jul-Sept, the company's other income was INR 105 million. 

 

The consolidated revenue of the company doubled to INR 9.01 billion in the reporting quarter. However, the consolidated revenue fell over 8% sequentially. In Apr-Dec, the revenue of the company rose to INR 24.5 billion from INR 15.50 billion a year ago. While, its net profit fell marginally to INR 12.89 billion from INR 12.96 billion from the corresponding period a year ago. Assets under management of the NBFC at the end of December were INR 190.49 billion, up 29% from a quarter ago. 

 

Jio Credit, the arm of Jio Financial Services, reported net interest income at INR 1.65 billion, up 166% on year and 18% on quarter, reflecting healthy growth in interest-earning assets and declining cost of funds, the filing said. The gross disbursements of Jio Credit were at INR 861.5 million, which grew twice on year and rose 30% sequentially.

 

Another arm of Jio Financial Services, Jio Payment Bank's, total income grew 10 times on year, while it doubled sequentially to INR 610 million. Total deposits, including current accounts, savings accounts, and wallets, stood at INR 5.07 billion as of Dec. 31, up 94% on year and 20% on quarter over the preceding quarter.

 

The equity market remained closed Thursday on account of civic elections in Maharashtra. Shares of Jio Financial Services Wednesday closed 0.8% higher at INR 287 on the National Stock Exchange.  End

 

Edited by Deepshikha Bhardwaj

 

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