Jio Financial Services accelerates into a full-stack digital finance powerhouse: 50x NBFC AUM growth, Rs 17,800 crore AMC debut, and 50,000+ financial touchpoints
For Q1 FY26, the company reported total income of ₹619 crore, up 48% YoY, with net profit at ₹325 crore, rising 4% YoY. Notably, net income from business (core operating earnings) grew nearly 4x YoY to ₹219 crore, contributing about 40% of total net income. Key Highlights: NBFC (Jio Credit Limited) AUM soared 50x YoY , reaching ₹11,665 crore from just ₹217 crore in Q1 FY25.
Jio BlackRock AMC debuted with an NFO that attracted over ₹17,800 crore, placing it among India's top 15 fund houses by debt AUM.
The JioFinance app recorded 8.1 million average monthly active users , serving as a unified digital storefront for loans, investments, payments, and insurance.
Jio Payments Bank expanded its business correspondent network 2.5x QoQ to more than 50,000 touchpoints , enabling deeper financial access nationwide.
Beauty distribution, wealth management, and securities broking businesses under the Jio BlackRock JV also secured regulatory approvals and began building teams.
JFSL acquired SBI's 14.96% stake in Jio Payments Bank during the quarter, making it a wholly-owned subsidiary.
The company highlighted its technology-first approach, leveraging AI and data analytics to create a single customer view and personalize offerings at scale through the JioFinance app.
Hitesh Sethia, MD & CEO, said:
'Our results reflect the measured and evolving nature of our growth curve, balancing investments in early-stage businesses with profitability in mature ones. With our tech-driven platform and strategic foresight, we aim to democratize financial access for every Indian household.'
JFSL's Q1 marks a significant step in building a future-ready, cloud-first delivery model, poised to transform financial inclusion at scale.
Ahmedabad Plane Crash
Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
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