Jio Financial Services Q1 profit soars over two folds YoY to ₹830 crore, revenue jumps three-times

The company posted a 155.38% year-on-year (YoY) surge in its consolidated net profit to ₹830 crore during the quarter under review, compared with ₹325 crore in the first quarter of the 2025-26 fiscal year (Q1 FY26), according to a regulatory filing.

Its revenue from operations jumped 227.45% YoY to ₹2,004 crore in the quarter ended June 30, 2026, as against ₹612 crore in corresponding period of the previous fiscal year.

Key operational highlights

Its Jio Finance App logged an average of approximately 34,000 product purchases per day in the month of June 2026, acros its bouquet of product offerings, including personal loans, credit cards, digital gold, and fixed deposits.

The company’s asset management arm recorded an AUM of ₹18,412 crore, marking a 21% sequential rise, with liquid funds AUM crossing ₹10,000 crore.

Jio Payment Solution recorded a Total Payment Value (TPV) of ₹19,208 crore, registering a 2.5x YoY increase. Meanwhile, the Payments Bank reported deposits of ₹617 crore, up 1.7x YoY.

The insurance broking arm facilitated premiums worth ₹238 crore, reflecting a 1.6x YoY growth. Additionally, Allianz Jio Reinsurance Limited established its initial market presence, reporting ₹266 crore in gross written premiums during its first full quarter of operations.

What the CEO said

Commenting on the development, Hitesh Sethia, Managing Director and CEO of 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.”

He added that company has continued to drive robust growth in its tailored lending solutions, expand access to innovative investment products through its asset management arm, and power the operational turnaround of its 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,” Sethia further stated.

Shares of Jio Financial Services closed 0.40% lower at ₹235.65 per unit on the National Stock Exchange (NSE) on Thursday. However, the results were declared after the markets closed.

Jio Financial Services has a total market capitalisation of ₹1.56 lakh crore as of July 16, 2026, according to data on the NSE.