Jio Financial Q1 Results: Profit skyrockets 155% YoY to Rs 830 crore

Jio Financial on Thursday reported 155% year-on-year (YoY) growth in its consolidated net profit at Rs 830 crore in the first quarter. The same stood at Rs 325 crore in the same quarter last year.

Revenue from operations in the reporting period increased 227% YoY to Rs 2,004 crore. The same stood at Rs 612 crore in the last year quarter.

Consolidated total income rose 141% YoY to Rs 1,496 crore from Rs 619 crore. It was up 47% from Rs 1,020 crore in the March quarter. Interest income grew 165% YoY to Rs 962 crore, while fees and commission income surged to Rs 325 crore from Rs 54 crore.


Pre-provisioning operating profit increased 38% YoY to Rs 505 crore. Profit before tax rose 131% to Rs 970 crore from Rs 419 crore a year ago. The company also reported dividend income of Rs 509 crore during the quarter.

Jio Financial said it saw accelerated growth across businesses. NBFC gross assets under management rose 2.6 times YoY to Rs 30,667 crore in Q1 from Rs 11,665 crore a year earlier. Payments Bank deposits rose 1.7 times to Rs 617 crore, while payment solutions total payment value grew 2.5 times to Rs 19,208 crore.

Insurance premium facilitated increased to Rs 238 crore from Rs 154 crore. The company’s asset management business reported closing AUM of Rs 18,412 crore in Q1, while reinsurance premium underwritten stood at Rs 266 crore in its first quarter of operations.

NBFC arm reports strong loan growth

Jio Credit, the company’s NBFC arm, saw strong growth in the quarter. Gross AUM rose 163% YoY to Rs 30,667 crore, while disbursements jumped 173% to Rs 11,252 crore. The loan book was spread across mortgages, loan against securities, and corporate and SME loans. Mortgages made up 45.4% of AUM, corporate and SME loans 44.2%, and retail loans against securities 10.4%.

Jio Credit’s net interest income rose 118% YoY to Rs 257 crore. Pre-provisioning operating profit grew 128% to Rs 154 crore, while profit after tax rose 113% to Rs 96 crore.

Payments and digital platform scale up

Jio Payments Bank reported total income of Rs 83 crore, compared with Rs 11 crore a year earlier. Customer deposits rose 72% YoY to Rs 617 crore, while CASA customers increased 51% to 3.9 million. Its business correspondent network expanded to more than 5.27 lakh touchpoints.

Jio Payment Solutions also saw strong growth. Total payment value rose 2.5 times YoY to Rs 19,208 crore. Gross fee and commission income rose to Rs 176 crore from Rs 27 crore, while net fee and commission income rose to Rs 24 crore from Rs 7 crore.

Jio Financial said it now has more than 25 million unique users across its digital properties. Its Jio Finance marketplace recorded around 9 million average monthly active users in Q1, with about 34,000 own and third-party products purchased daily in June 2026.

JioBlackRock and Allianz JVs expand

The JioBlackRock asset management joint venture reported closing AUM of Rs 18,412 crore, up 21% from Q4FY26. Quarterly average AUM stood at Rs 17,979 crore. The AMC crossed Rs 10,000 crore in liquid fund AUM in April 2026 and expanded its product offerings with the Prism SIF NFO.

The company also said Allianz Jio Reinsurance underwrote Rs 266 crore of gross written premium in its first quarter of operations. Jio Allianz General Insurance has been incorporated as a 50:50 joint venture with Allianz to offer general and health insurance in India.