Jio Financial Services Q1FY26 profit jumps 4% to ₹325 cr, revenue rises 47%

Jio Financial Services Ltd (JFSL), the core investment company of Reliance Industries, reported a 47% year-on-year rise in consolidated revenue from operations at ₹612 crore against ₹418 crore in the year-ago period.

As of June 30, 2025, JioBlackRock Asset Management’s AUM crossed ₹17,800 crore, while Jio Credit Limited (JCL) reported AUM of ₹11,665 crore, up from ₹217 crore in Q1 FY25. Pre-provisioning operating profit rose 8% YoY to ₹366 crore, and profit after tax (PAT) grew 4% to ₹325 crore from ₹312.63 crore in Q1 FY25.

The company says Q1 FY26 marked operational scale-up, expansion of distribution across digital and physical channels, and progress on regulatory and tech fronts. Jio Financial Services also made an exceptional gain of ₹28.57 crore in Q1 FY26.

During the quarter, JioBlackRock Asset Management received approval to commence operations in May and launched its first New Fund Offer (NFO) for three debt funds on June 30. The NFO attracted over ₹17,800 crore within three days, placing it among India’s top 15 fund houses by debt AUM, said JFSL, adding that "over 90 institutional investors and 67,000 retail investors participated".

Other JioBlackRock entities, JioBlackRock Investment Advisers and JioBlackRock Broking, also received approvals to start wealth management and broking operations during the quarter.

JCL also launched its market borrowings program during the quarter and raised funds at competitive rates, and acquired SBI's 14.96% stake in Jio Payments Bank Limited (JPBL) for ₹105 crore. As of June 30, JPBL had 2.58 million customers and a deposit base of ₹358 crore.

JPBL was empanelled by NHAI and IHMCL as an acquirer bank for toll processing and was awarded three plazas.

The JioFinance app recorded 8.1 million average monthly active users (MAUs) across digital platforms in Q1. JPBL's network of business correspondents grew 2.5x QoQ to over 50,000, expanding its reach nationwide. JCL, Jio Payment Solutions, and Jio Insurance Broking also scaled operations in major cities.

JFSL CEO Hitesh Sethia said the capital received post-demerger positions the company to invest in early-stage businesses and expand selectively. He added that the JioFinance app will soon offer a broader product range, combining in-house and partner offerings, to deliver a comprehensive suite of financial services.

Jio Financial Services Ltd shares closed 0.17% down at ₹319 on the NSE today.