Jio Financial Services Ltd.Reaches Inflection Point

Jio Financial Services reported strong Q3 FY26 results, with consolidated total income doubling year-on-year to ₹901 crores and growing 23% sequentially.

Management highlighted reaching a critical inflection point, with core business operations now contributing 55% of net income compared to just 20% in the prior year quarter. The lending vertical Jio Credit demonstrated explosive growth, with assets under management surging 4.5 times to ₹19,049 crores and gross disbursements doubling to ₹8,615 crores. Net income from business operations jumped 320% year-on-year to ₹386 crores.

The digital ecosystem expanded to over 20 million unique users with 9.2 million monthly active users, providing a strong funnel for cross-selling financial products. JioBlackRock AMC achieved ₹15,000 crores in AUM within six months of launch, attracting over one million retail customers. The company maintains robust capitalization with ₹1.5 lakh crores in shareholders' equity to fund aggressive growth plans. Capital adequacy ratio remained healthy at 24.39%, while cost of borrowing declined to 6.99%, supporting profitability expansion.