Jio Financial on Thursday reported 155 per cent year-on-year (YoY) growth in consolidated net profit at Rs 830 crore in the first quarter. In the same quarter last year, the same amount was Rs 325 crore.
Revenue from operations in the period grew 227% YoY to Rs 2,004 crore. Last quarter, the amount stood at Rs 612 crore.
Consolidated total revenue grew 141% year-on-year to Rs 1,496 crore from Rs 619 crore. It grew 47% from Rs 1,020 crore in the March quarter. Interest income grew 165% year-on-year to Rs 962 crore, while fee and commission income rose to Rs 325 crore from Rs 54 crore.
Operating profit before provisions rose 38% year-on-year 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 for the quarter.
Jio Financial said it is seeing accelerated business growth. NBFCs’ gross assets under management grew 2.6 times YoY to Rs 30,667 crore in the first quarter from Rs 11,665 crore a year earlier. Payments Bank deposits grew 1.7 times to Rs 617 crore and total payments under payment solutions grew 2.5 times to Rs 19,208 crore.
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The insurance premium increased to Rs 238 crore from Rs 154 crore. The company’s asset management arm reported closing AUM at Rs 18,412 crore in the first quarter, while reinsurance premium stood at Rs 266 crore in the first quarter of operations.
NBFC division reports strong loan growth
Jio Credit, the company’s NBFC arm, posted strong growth this quarter. Gross AUM grew 163% YoY to Rs 30,667 crore while disbursements jumped 173% to Rs 11,252 crore. The loan portfolio was distributed among mortgage loans, loans secured by securities, as well as corporate loans and loans to small and medium-sized businesses. Mortgage loans accounted for 45.4% of total AUM, corporate and SME loans accounted for 44.2%, and retail securities loans accounted for 10.4%. Jio Credit’s net interest income grew 118% YoY to Rs 257 crore. Operating profit before provision rose 128% to Rs 154 crore and profit after tax rose 113% to Rs 96 crore.
Scaling payments and digital platform
Jio Payments Bank reported total revenue of Rs 83 crore, up from Rs 11 crore a year earlier. Customer deposits grew 72% YoY to Rs 617 crore and CASA customer count increased 51% to Rs 3.9 million. The network of business correspondents has expanded to over 5.27 lakh touchpoints.
Jio Payment Solutions also posted strong growth. The total payments increased 2.5 times year-on-year to Rs 19,208 crore. Gross commission and commission income rose to Rs 176 crore from Rs 27 crore, while net commission and commission income rose to Rs 24 crore from Rs 7 crore.
Jio Financial said its digital assets now have over 25 million unique users. In the first quarter, the Jio Finance marketplace recorded around 9 million average monthly active users, with around 34,000 first-party and third-party products being purchased daily in June 2026.
JioBlackRock and Allianz JV expands
Asset management joint venture JioBlackRock reported closing AUM of Rs 18,412 crore, up 21% from Q4 FY2026. The quarterly average AUM stood at Rs 17,979 crore. In April 2026, AMC crossed Rs 10,000 crore liquid fund AUM and expanded its product portfolio with Prism SIF NFO.
The company also said that Allianz Jio Reinsurance signed Rs 266 crore in gross written premium in the first quarter of its operations. Jio Allianz General Insurance has been incorporated as a 50:50 joint venture with Allianz to offer general and health insurance in India.