Jio Financial Services FY26 topline jumps 78% to ₹3,274 crore; lending, payments and AMC fuel growth
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Jio Financial Services Limited (JFFL) reported a sharp acceleration in FY26, with consolidated total income rising 78% year-on-year to ₹3,274 crore, driven by strong traction across lending, payments and asset management businesses.
Net income from business operations surged fourfold to ₹1,390 crore, accounting for 54% of total net income, compared with 20% a year ago—signalling a clear shift towards core operating revenues. Profit after tax stood at ₹1,561 crore, while pre-provision operating profit came in at ₹1,357 crore. The board recommended a dividend of ₹0.60 per share.
JFFL’s Managing Director and CEO Hitesh Sethia said FY26 marked an inflection point, with the company transitioning from initial build-out to sustained operational momentum, as it focuses on expanding its diversified financial services ecosystem.
Lending and payments power growth
The company’s lending arm, Jio Credit, emerged as a key growth driver, with assets under management (AUM) rising over 2.5 times year-on-year to ₹25,711 crore. Net interest income for the year jumped 190%, reflecting improving scale and underlying profitability of the lending franchise.
Its payments businesses also saw strong momentum. Jio Payment Solutions reported total payment value of ₹52,226 crore for FY26, up about 2.4 times, with Q4 transaction value surging 145% year-on-year. Jio Payments Bank expanded its deposit base 84% to ₹544 crore, aided by growth in its customer base and distribution network.
AMC, insurance add new engines
The asset management joint venture with BlackRock scaled up rapidly, with AUM crossing ₹15,200 crore within nine months of launch. The platform now serves over 1.1 million retail investors, with a meaningful contribution from beyond the top 30 cities.
Insurance broking operations remained steady, with total premium at ₹982 crore for the year. The company also deepened its insurance play through its partnership with Allianz Group, launching a reinsurance venture during FY26.
Digital platform drives user growth
A key milestone during the year was the rollout of the JioFinance app, which has helped the company scale its digital footprint to 23 million users across platforms. The app integrates lending, payments, insurance and investment offerings, underlining the company’s push towards AI-led, personalised financial services.
For the March quarter, consolidated total income nearly doubled to ₹1,020 crore. Profitability, however, was partly weighed down by continued investments in scaling newer businesses and treasury volatility amid global uncertainties.