Mumbai, July 17, 2026: Jio Financial Services Limited (JFSL) reported a strong financial performance for the first quarter of FY2026-27, with consolidated Profit After Tax (PAT) rising 156% year-on-year to ₹830 crore, driven by robust growth across its lending, payments, asset management and insurance businesses.
The company’s Board of Directors approved the unaudited financial results for the quarter ended June 30, 2026, at its meeting held in Mumbai.
Strong Financial Performance
JFSL’s total income (excluding dividend income) increased 141% year-on-year to ₹1,496 crore, while Pre-Provisioning Operating Profit (PPOP) rose 38% to ₹505 crore.
Profit Before Tax (excluding dividend income) grew 18% YoY to ₹461 crore, while including dividend income, PBT nearly doubled to ₹970 crore, representing a 131% increase over the corresponding quarter last year.
The company also strengthened its capital base during the quarter. Consolidated shareholders’ equity stood at ₹1.37 lakh crore as of June 30, 2026, following the receipt of the second tranche of ₹5,934 crore from the promoter group, taking the cumulative capital infusion to ₹9,890 crore.
Lending Business Continues Rapid Expansion
Jio Credit Limited maintained strong momentum with Assets Under Management (AUM) increasing 2.6 times year-on-year to ₹30,667 crore.
Quarterly loan disbursements rose 2.7 times to ₹11,252 crore, while Net Interest Income (NII) climbed 118% to ₹257 crore. The lending arm posted a PAT of ₹96 crore, up 113% YoY.
Payments and Banking Businesses Gain Scale
Jio Payments Bank recorded a significant turnaround during the quarter, with total income increasing 7.7 times year-on-year to ₹83 crore. Customer deposits reached ₹617 crore, representing a 72% increase, while the CASA customer base expanded to 3.9 million accounts.
The bank also expanded its Business Correspondent network to more than 527,000 touchpoints, compared with just over 50,000 a year ago.
Meanwhile, Jio Payment Solutions processed Total Payment Value (TPV) of ₹19,208 crore, a 2.5-fold increase over the previous year. Gross fee and commission income rose 6.4 times to ₹176 crore, reflecting higher transaction volumes and improving operational efficiency.
Asset Management and Insurance Businesses Grow
JFSL’s joint venture with BlackRock continued to expand, with Assets Under Management reaching ₹18,412 crore, up 21% sequentially. Nearly 44% of investors now have active SIPs, while 36% of retail AUM originates from B30 cities, highlighting growing participation from beyond major metropolitan markets.
The company’s insurance businesses also delivered healthy growth. Jio Insurance Broking facilitated premiums worth ₹238 crore, a 1.6-fold increase year-on-year, while fee and commission income rose 131%.
Allianz Jio Reinsurance Limited, during its first full quarter of operations, underwrote ₹266 crore in gross written premiums. Jio Allianz General Insurance Limited has also been incorporated as a 50:50 joint venture, with regulatory approvals currently underway.
AI-Driven Growth Through JioFinance App
JFSL said its AI-powered JioFinance App now serves over 25 million unique users, offering financial services through a multilingual AI-native platform featuring 16 AI agents and 10 machine learning models.
The platform recorded an average of approximately 34,000 product purchases per day during June 2026, spanning products such as personal loans, credit cards, digital gold and fixed deposits. Customer engagement also strengthened, with more than 204 million JioPoints issued to 5.7 million enrolled users during the quarter.
Hitesh Sethia, Managing Director and CEO, Jio Financial Services said: “The sustained business momentum across our verticals validates the granular architecture of our full-stack ecosystem and the strength of our execution. By strategically integrating AI and data analytics, we have unlocked significant efficiency gains across the value chain. We continue to drive robust growth in our tailored lending solutions, expand access to innovative investment products through our asset management arm, and power the operational turnaround of our payments business through revenue diversification and strict focus on unit economics. Given the massive opportunity in the country for deeper penetration in sectors like investment solutions and insurance, we are accelerating our investments towards some of our newer businesses including our JVs with BlackRock and Allianz in these areas, which will yield significant benefits over a period of time.”