Jio Financial Q3 profit dips 9% YoY to ₹269 crore; total income doubles to ₹901 crore
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Jio Financial Services (JFSL) on Thursday reported a 9% year-on-year (YoY) decline in its consolidated net profit for the quarter ended December 31, 2025. The company’s profit during Q3 FY26 stood at ₹268.98 crore, compared to ₹294.78 crore reported in the same quarter last year.
Despite the bottom-line contraction, the company's total income witnessed a huge surge, doubling to ₹901.05 crore as against ₹448.89 crore in the year-ago period. This growth was primarily driven by a sharp rise in interest income, which jumped to ₹504 crore from ₹210 crore YoY, and fees and commission income, which soared to ₹182 crore.
Revenue surge vs. expense spike
The dip in net profit, despite the doubling of income, is largely attributed to the company’s aggressive investment phase. Total expenses for the quarter rose sharply to ₹547 crore, compared to just ₹119 crore in Q3 FY25. The company is currently scaling its presence across multiple verticals, leading to higher operating costs (₹235 crore) and staff expenses (₹100 crore).
JFSL is transitioning from its "incubation" phase to a "growth" phase. The share of net income from business operations, which now contributes 55% to the consolidated net total income, up from just 20% a year ago.
Lending: The NBFC arm, Jio Credit Limited, saw its assets under management (AUM) scale to ₹19,049 crore, a massive 354% YoY increase. Quarterly disbursements also crossed the ₹8,615 crore mark.
Payments: Jio Payments Bank now boasts 3.2 million CASA accounts, while the business correspondent (BC) network has expanded to approximately 287,000 touchpoints.
Asset management: The JioBlackRock joint venture has already launched 10 funds across cash, debt, and equity within just six months, reaching an AUM of ₹14,972 crore.
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Looking ahead
JFSL is eyeing a major role in the insurance sector. The company recently signed non-binding agreements with Allianz SE for joint ventures in both general and life insurance. Additionally, the company is leveraging AI-driven tech to reduce customer turnaround times, specifically through video-based credit assessments and agentic voice bots for insurance self-servicing.
The shares of Jio Finance ended Wednesday 0.95% higher at ₹287.30 apiece on the national stock exchange. The company's stock price has risen close to 6% in the past year, as against the benchmark Nifty 50 index that has surged nearly 11% during the same period.