Jio Financial Services reports strong operational momentum in FY26

Mumbai: The Board of Directors of Jio Financial Services Limited (“JFSL”, also referred to as the “Company”), at its meeting held in Mumbai today, approved the audited financial results for the fourth quarter and financial year ended March 31, 2026.

Key highlights for the financial year ended March 31, 2026, were as follows:

●  Net Income from Business Operations^, up 4x YoY to Rs. 1,390 crore; representing 54% of Consolidated Total Net Income in FY26, up from 20% in FY25.

●  Assets under Management (AUM) of Jio Credit Limited stood at Rs. 25,711 crore as of March 31, 2026, over 2.5x growth compared to FY25.

●  Jio Payment Solutions Limited’s Total Payment Value (TPV) at Rs. 52,226 crore, up ~2.4x YoY.

●  Jio Payments Bank Limited’s deposit base reached Rs. 544 crore, 84% growth YoY.

●  JioBlackRock AMC’s AUM stood at over Rs. 15,200 crore at the end of FY26, within just 9 months of launch.

●  Jio Insurance Broking Limited’s total premium reached Rs. 982 crore for FY26, up ~10% YoY.

●  Consolidated Pre-Provision Operating Profit (PPOP) at Rs. 1,357 crore; Profit After Tax at Rs. 1,561 crore.

Key financial highlights for the quarter ended March 31, 2026:

●  Consolidated Total Income at Rs. 1,020 crore, up 97% YoY.

●  Consolidated PPOP was at Rs. 327 crore.

• • • ●  PPOP was largely impacted on account of:
      • ○  Consolidation of JPBL’s financials on a line-by-line basis as a 100% subsidiary w.e.f. June 18, 2025 (earlier accounted for in Share of Profit from JVs & Associates).
      • ○  Continued investments in scaling growth companies and incubating businesses in nascent stages
      • ○  Geopolitics-led volatility impacted treasury income on a higher capital base.
      • ●  Profit After Tax at Rs. 272 crore.

        The Company’s performance for the year represents a pivotal inflection point for JFSL, marking a definitive transition from foundational groundwork to sustained operational velocity across a diverse spectrum of businesses.

        The all-new JioFinance app

        A key milestone achieved in FY26 was the launch of the all-new JioFinance app, a state-of-the-art neural agentic marketplace, marking a paradigm shift from ‘digital-first’ to ‘intelligent-always’ financial services.

    • ●  AI-native and conversational platform with hyper-personalisation at the level of each unique user.
    • ●  Crossed 1.7 million downloads of the new app since launch in February 2026
    • ●  Expansive marketplace for financial services, featuring in-house and third-party products from trusted brands:
      • ○  Life & General Insurance: 82 plans from 21 insurers.
      • ○  Fixed Deposits: 6 partner banks and NBFCs.
      • ○  Credit Cards: 53 variants from 9 banks.
      • ○  Personal Loans: 4 partner banks and NBFCs.
    • ●  Tax Filing and Planning: Starting at Rs. 24.
    • ●  JioGold: Digital gold starting at Rs. 10.
    • ●  23 million unique users across all digital properties.
    • ●  9.3 million average monthly active users in Q4 FY26.
    • ●  Launched JioPoints: Exciting rewards program redeemable against a wide catalogue of offerings.

      Jio Credit Limited

    ● AUM for FY26 stood at Rs. 25,711 crore, up 2.5x YoY.

    • ●  Gross Disbursements of Rs. 10,629 crore in Q4 FY26, 49% YoY increase and 23% sequentially.
    • ●  Net Interest Income (NII) reached Rs. 625 crore for the year, up 190% YoY. In Q4 FY26, NII was Rs. 201 crore, up 143% for the same period last year.
    • ●  PPOP increased to Rs. 366 crore in FY26, a growth of 2x YoY. For Q4 FY26, PPOP was at Rs. 120 crore, up 2.5x YoY, underscoring the inherent profitability of our core lending operations.
    • ●  Profit after tax for FY26 was Rs. 224 crore, up 2x YoY. For Q4 FY26, the PAT stood at Rs. 70 crore, up 4x YoY.

      Jio Payments Bank

    • ●  Total Income grew 11x YoY to Rs. 87 crore in Q4 FY26, supported by a 61% YoY increase in CASA customer base to 3.7 million.
    • ●  Average deposit per customer increased 20% YoY to Rs. 1,439 in Q4 FY26 indicating the rising acceptance of our value propositions.
    • ●  Business Correspondent (BC) network grew to 3,78,568 BCs vs. 16,292 BCs in Q4 FY25 (including owned and corporate BC network).
    • ●  Bank’s toll processing operations now live across 18 toll plazas in 8 states

      Jio Payment Solutions

    • ●  Q4 FY26 TPV stood at Rs. 14,626 crore, up 145% YoY.
    • ●  Gross fee and commission income at Rs. 84 crore, up 5x YoY.
    • ●  Net Fee and Commission stood at Rs. 17 crore, up 5x YoY.
    • ●  Net Processing Margin of 12 bps, versus 6 bps in Q4 FY25 and 10 bps in Q3 FY26.

      Jio Insurance Broking

    • ●  Facilitated premium of Rs. 273 crore in Q4 FY26, up 15% YoY. Total fee and commission income grew 124% YoY to Rs. 45 crore in Q4 FY26.
    • ●  Digital Point of Sales Person (PoSP) channel facilitated over Rs. 100 crore premium in first year of operations.

      JV with BlackRock for Investments

    • ●  In FY26, JioBlackRock Asset Management recorded a closing AUM of Rs. 15,218 crore.
    • ●  Quarterly Average AUM grew 21% QoQ to Rs. around 16,712 crore in Q4 FY 26.
    • ●  Diverse client base of 400+ institutional investors and over 1.1 million retail investors.
    • • ●  Launched funds in four additional categories—Short Duration, Low Duration, Thematic, and Large Cap —and enabled instant redemption features for our Overnight and Liquid funds.
      • ●  50% of investors with Active SIPs; 40%+ of Retail AUM coming from B30 cities; ~20% of our investors new to Mutual Funds.
      • ●  Final approval awaited from the International Financial Services Centres Authority to set up a retail Fund Management Entity in GIFT City; secured all other regulatory approvals.
      • ●  Jio BlackRock Investment Advisers Private Limited commenced operations in February 2026 to offer wealth management services.

        JV with Allianz for Insurance

      • ●  Allianz Jio Reinsurance Private Limited received regulatory approvals and commenced operations in March 2026.
      • ●  Non-binding agreement in place to explore opportunities in life and general insurance.

        Hitesh Sethia, Managing Director and CEO, Jio Financial Services Limited, said, “FY26 has been a landmark year of growth, guided by our objective of simplifying the complex financial lives of millions of Indians through intelligent financial services, leveraging AI and ML. Our robust operational velocity bears testament to the resonance our offerings are finding across the nation, with our reach now spanning over 19,000+ pincodes. As we enter FY27, we look forward to building further on this formidable foundation. We remain committed to growing sustainably and responsibly, ensuring we continue to deliver long-term value to our shareholders, while serving as a trusted partner in India’s economic journey.”