Jio Financial Services Q3 2026 Results: Revenue Surges 101% as Focus Shifts to Core Businesses

18, January 2026. By -Kaushik

Jio Financial Services Ltd (JFSL) has officially released its financial results for the third quarter of the 2025-26 fiscal year (Q3 FY26), showcasing a massive expansion in its operational scale. While the bottom-line profit saw a slight year-on-year (YoY) dip due to aggressive growth investments, the company’s revenue and business volumes across lending, payments, and asset management reached record highs.

Main Highlights: A Surge in Operational Scale
​The most striking feature of the Q3 results is the 101% YoY jump in consolidated total income, which reached ₹901 crore. This growth was primarily driven by the scaling up of core business activities rather than just treasury income.
​A critical shift in the company’s profile was also visible this quarter: the share of net income from core business operations rose to 55%, compared to just 20% in the same period last year. This indicates that JFSL is successfully transitioning from an investment-holding entity into a fully operational financial powerhouse.
​Profit After Tax (PAT) and Expenses
​Despite the revenue surge, Jio Financial reported an 8.75% decline in consolidated net profit, which stood at ₹268.98 crore (down from ₹294.78 crore in Q3 FY25). This decline is largely attributed to:
​Operating Expenses: Expenses rose significantly as the company scaled up its workforce and physical infrastructure.
​Investments in JVs: Continued capital infusion into the JioBlackRock asset management and wealth management ventures moderated the short-term share of profit from associates.
​Lending & NBFC Performance
​The lending arm, Jio Credit, showed remarkable momentum:
​Assets Under Management (AUM): Surged 4.5 times YoY to reach ₹19,049 crore.
​Gross Disbursements: Nearly doubled year-on-year to ₹8,615 crore, reflecting high demand for its retail and merchant lending products.
​Net Interest Income (NII): Soared by 166% YoY to ₹165 crore, supported by a healthy yield on assets and a lower cost of funds.

Payments Bank and Digital Ecosystem
​The JioFinance app continues to be the primary engine for customer acquisition.
​Customer Base: Now stands at 3.20 million, a 69% growth YoY.
​Payments Bank Deposits: Total deposits reached ₹507 crore, a 94% annual increase.
​Transaction Processing Volume (TPV): Jumped 2.6 times YoY to ₹16,315 crore, proving the growing stickiness of the Jio payment ecosystem among merchants.
​Asset Management (AMC) and Insurance
​The Jio-BlackRock partnership is beginning to bear fruit. The AMC business reported an AUM of ₹14,972 crore across 10 different mutual fund schemes, now serving nearly one million retail investors. Meanwhile, the insurance broking segment facilitated premiums worth ₹212 crore, with its digital Point of Sales Person (PoSP) channel growing fivefold sequentially.
​Conclusion: Preparing for Long-Term Dominance
​The Q3 FY26 results suggest that Jio Financial Services is in a “build phase,” prioritizing market share and infrastructure over immediate profit maximization. While the 9% drop in PAT might concern conservative investors, the 100%+ growth in revenue and massive AUM expansion signal a strong trajectory.
​CEO Hitesh Sethia noted that the business momentum across all verticals has gained “significant velocity,” positioning the firm to shape the next phase of digital-first financial services in India through hyper-personalization and data analytics.

Disclaimer :

This blog does not provide financial, investment, or trading advice. All content is for educational and informational purposes only. Please consult a certified financial advisor before making any investment decisions. The author will not be responsible for any financial losses incurred.