Jio Financial Services Q3 results: Net profit slips 9% YoY to ₹269 crore; revenue surges one-folds

In the corresponding period of the previous fiscal year, it had clocked a profit of ₹294.78 crore, it said in a regulatory filing.

The NBFC’s pre-povisioning operating profit grew by 7% YoY to ₹354 crore, it added.

The Reliance Group firm's total revenue from operations, however, surged one-fold annually to ₹900.90 crore during the quarter under review, compared to ₹294.78 crore in the December quarter of FY25.

The firm's total income stood at ₹901 crore, marking a 101% annual jump from ₹448.89 crore a year-ago, with growth partially offset by higher expenses, in line with growth in volumes across all businesses, it said.

The NBFC’s assets under management (AUM) stood at ₹19,049 crore in the December quarter of FY26, up 4.5x YoY and 29% sequentially, the company stated.

Commenting on the earnings, Hitesh Sethia, Managing Director and CEO, JFSL, said: “We are witnessing a secular trend in business momentum across all our operating verticals, which has now gained significant velocity. At the same time, we continue to invest for growth across new businesses, positioning them for long-term success."

"As we continue to build depth, capability and market presence, we are well-positioned to shape the next phase of financial services in India, driven by intelligence, hyper-personalisation and enhanced accessibility, leveraging technology and data analytics,” Sethia added.

Key highlights

Jio Credit’s gross disbursements increased 30% quarter-on-quarter (QoQ) and about two times YoY to ₹8,615 crore in Q3FY26.

Furthermore, its net interest income (NII) was up 166% annually and 18% sequentially to ₹165 crore, reflecting healthy growth in interest-earning assets and declining cost of funds.

This segment’s pre-provisioning operating profit stood at ₹99 crore, marking a 130% YoY and 24% QoQ jump.

This vertical saw a 10x YoY growth in its total income to ₹61 crore. Sequentially, it doubled, driven by a 3x QoQ increase in transaction throughput.

Additionally, its total deposits, including current accounts, savings accounts, and wallets, stood at ₹507 crore at the end of Q3FY26, reflecting a 94% YoY and 20% QoQ surge.

Itscustomer base grew 69% YoY and around 9% QoQ to 3.20 million, it stated, adding that its business correspondent network grew to 2,86,766 BCs, as against 7,263 BCs in Q3FY25.

Its transaction processing volume (TPV) advanced 2.6 times YoY and 20% QoQ to ₹16,315 crore.

Jip Payment Solutions’ income from gross fees and commissions stood at ₹96 crore, up 4.6x annually and 26% sequentially.

“Sharp focus on unit-level profitability with consistent gross margin of 10 bps,” the company added.

It clocked a facilitated premium of ₹212 crore during the reporting quarter, marking a 23% YoY jump.

Additionally, its digital Point of Sales Person (PoSP) channel premium grew about 5 times QoQ.

“51% of investors with Active SIPs; 40%+ of Retail AUM coming from B30 cities; 18%+ of ur investors new to Mutual Funds,” it stated.

Its AUM in the active equity flexi cap fund was up by 70% since NFO, the firm added.

Furthermore, it launched its curated model portfolios of JioBlackRock mutual funds to “enable customers to achieve diverse financial goals.”

During the third quarter of FY26, JFSL recorded 20 million unique users across all digital properties, with an average monthly active user base of 9.2 million.

Jio Financial Services has a total market capitalisation of ₹1.83 lakh crore, as of January 15, 2026, according to data on the NSE.