Jio Financial Services Posts Flat Q2FY26 Net Profit At Rs 695-Crore

Reliance Group-owned Jio Financial Services (JFS) has reported a 0.9 per cent year-on-year (Y-o-Y) growth in its consolidated net profit at Rs 695 crore in the second quarter of 2025-26 (Q2FY26), against Rs 689 crore during the corresponding quarter of the previous year, according to an official statement.

The total income for the period under review was Rs 1,002 crore, as compared to Rs 694 crore.

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“Net income from business operations continued to grow at a rapid pace, standing at Rs 317 crore in Q2FY26, five times that of Q2FY25,” according to a Jio Financial Services statement. It has reached an inflection point where net income from business operations is now greater than income from treasury, the company added.

Jio Credit, the non-banking financial company (NBFC) arm of Jio Financial Services, saw its assets under management (AUM) rise 12 times to Rs 14,712 crore, in comparison to Q2FY25. This was largely driven through broad-based traction across its diverse secured lending solutions spanning retail and corporate finance, the statement added.

Jio Financial Services MD & CEO Hitesh Sethia said, “The significant growth in business income is a direct result of the initiatives taken over the last few quarters towards scaling up profitably by pursuing a risk-calibrated growth strategy”.

Jio Payments Bank’s network of business correspondents (BCs) grew to around 200,000 in Q2FY26, up from 2,307 in Q2FY25. Its customer base during the quarter stood at 2.95 million, and its deposit base was at Rs 421 crore. The transaction processing value of Jio Payment Solutions rose to Rs 13,566 crore, up from 167 per cent Y-o-Y.

“As we design financial services of the future for all Indians, we are actively leveraging next-gen AI and analytics to position JioFinance as a trusted, intelligent, and simplified digital platform that delivers personalised, and fit-for-purpose products to each customer. The results of these efforts will become more pronounced over the coming quarters,” Sethia said.

Jio Insurance Broking, which is another arm of Jio Financial Services, facilitated premiums worth Rs 347 crore and issued 290,000 policies during the quarter across life, health, and general insurance. It scaled up its digital point of sales person channel to over 100 cities across six states, enabling personalised advisory and service in diverse regional markets, according to the company’s statement.