Jio Financial Services Q1 Results: Net profit up 4% YoY, revenue rises 47%; check key numbers

Jio Financial Services on Thursday, July 17, posted a 4% year-on-year (YoY) jump in its net profit to ₹324.66 crore in the June quarter (Q1 FY26) from ₹312.63 crore in the year-ago period.

The company reported a revenue of ₹612.46 crore for the reporting quarter, up 46.5% from ₹417.82 crore in Q1 FY25.

The firm's total income increased to ₹619 crore in Q1 FY26 from ₹418 crore in the year-ago period. Its total expenses also witnessed a 228% YoY increase at ₹261 crore as compared to ₹79 crore in the same quarter a year ago.

During the reporting quarter, its interest income doubled to ₹363 crore as against ₹162 crore in Q1 FY25.

"JFSL, a digital-first financial services company, catering to the core financial needs of customers – the Need to Invest, Borrow, Transact and Protect – reported strong growth momentum in Q1 FY26. This reflected in the higher Net Income from Business, as well as its larger contribution to Total Net Income," the company said in a release on Thursday.

Jio Financial Services Q1 FY26 results: Key highlights

In Q1 FY26, the company acquired 7.9 crore equity shares of Jio Payments Bank Limited (JPBL) from State Bank of India, which makes up for 14.96% of JPBL's equity share capital worth ₹104.54 crore.

JPBL's business correspondent network expanded from ₹2,299 crore in Q1 FY25 to ₹19,998 crore in Q4 FY25. Its network now has over 50,000 touchpoints.

Hitesh Sethia, Managing Director and CEO, JFSL, said, “As we scale up, by nurturing businesses at various stages of maturity, our results reflect the measured and evolving nature of our growth curve. The significant capital received during the demerger uniquely positions us to support early-stage businesses through returns on market investments, and deploy capital more assertively in businesses that exhibit strong unit economics and profitability."

Jio Credit Limited, a wholly-owned subsidiary of Jio Financial Services Limited, expanded its presence to 11 cities during the reporting quarter. Its net interest income in Q1 FY26 jumped 240% YoY to ₹118 crore, while its net profit was up 24% YoY at ₹45 crore.

"Q1 FY26 was marked by further scale-up of operational execution; expanding distribution footprint across digital and physical touchpoints; key regulatory approvals needed for future business plans; and further progress in technology and data analytics initiatives," the release stated.

Jio Financial Services, carved out from Reliance Industries Ltd, is engaged in the business of investing and financing, insurance broking, payment bank, payment aggregator and payment gateway services. Its subsidiary Jio Finance Ltd launched a home loan product and a loan against mutual funds in 2024.

Ahead of its earnings, shares of Jio Financial Services settled 0.17% down at ₹319 apiece on the National Stock Exchange (NSE).