Jio Financial Services reports strong Q2 FY26 income growth

Jio Financial Services Limited (JFSL)’s consolidated total income for Q2 FY26 reached ₹1,002 crore, a 44% year-over-year increase, with net income from business operations soaring to ₹317 crore, up 4.9x YoY. Assets Under Management (AUM) for the NBFC arm, Jio Credit Limited (JCL), surged to ₹14,712 crore, a substantial increase from ₹1,206 crore in Q2 FY25, while Jio BlackRock Asset Management Private Limited recorded AMC AUM of ₹15,980 crore. The company maintained a sharp focus on unit economics while investing in risk-calibrated growth across its businesses.

The financial results reflect robust execution momentum, with Jio Payments Bank Limited (JPBL) becoming a wholly-owned subsidiary and its financials fully consolidated for the first time in Q2 FY26. JPBL also launched new products like Savings Pro and expanded its Business Correspondent network. Jio Payment Solutions Limited (JPSL) saw its Transaction Processing Volume (TPV) rise to ₹13,566 crore, a 167% YoY increase.

JFSL’s strategic initiatives include the launch of six funds by Jio BlackRock Asset Management Private Limited, and the incorporation of "Allianz Jio Reinsurance Limited," a 50:50 joint venture for reinsurance services. These efforts underscore JFSL’s commitment to expanding its digital-first financial services ecosystem and enhancing customer well-being.