Jio Financial Services posts strong Q2 FY26 growth, expands operations

Jio Financial Services (JFSL) reported a consolidated total income of Rs. 1,002 crore for Q2 FY26, a 44% year-over-year increase, with net income from business operations surging nearly fivefold to Rs. 317 crore. The company’s assets under management (AUM) for its NBFC arm reached Rs. 14,712 crore, a substantial increase from Rs. 1,206 crore in Q2 FY25, supported by quarterly disbursements of Rs. 6,624 crore. Pre-provisioning operating profit stood at Rs. 579 crore, a 5% increase year-over-year, and profit after tax was Rs. 695 crore.

JioBlackRock Asset Management Private Limited launched six funds, including its maiden active equity fund, attracting Rs. 1,500 crore in investments and expanding its client base to over 150 institutional and 635,000 retail investors. Jio Payments Bank Limited's Business Correspondent network grew to ~200,000, and its customer base reached 2.95 million. Additionally, Jio Payment Solutions Limited's Transaction Processing Volume (TPV) increased 167% year-over-year to Rs. 13,566 crore.

Strategic expansions include the incorporation of "Allianz Jio Reinsurance Limited" as a 50:50 joint venture for reinsurance services in India, and the expansion of Jio Insurance Broking Limited, which facilitated Rs. 347 crore in premiums across 2.9 lakh policies. The company's digital-first approach has resulted in approximately 18 million unique users across its digital platforms.