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 unaudited financial results for the first quarter of the financial year 2026-27, ended June 30, 2026 (Q1 FY27).

Key consolidated financial highlights for the quarter ended June 30, 2026:

  • Total Income (ex-dividend) stood at ₹1,496 crore, up 141% YoY.
  • Pre-Provisioning Operating Profit (PPOP, ex-dividend) increased by 38% YoY to ₹505 crore.
  • Profit Before Tax (PBT, ex-dividend) increased 18% YoY to ₹461 crore*. PBT (including dividend) grew 131% YoY to ₹970 crore.
  • Profit After Tax (PAT) at ₹830 crore, up 156% YoY.
  • Total Consolidated Shareholders’ Equity stood at ₹1.37 lakh crore as of June 30, 2026. The company received the second tranche of ₹5,934 crore from Promoter Group, taking total cumulative capital infusion to ₹9,890 crore.
  • Jio Payments Bank Limited and Jio Payment Solutions Limited achieved operational turnaround in Q1 FY27.

Key Operational Highlights:

  • NBFC’s Assets Under Management (AUM) at ₹30,667 crore, up 2.6x YoY.
  • AMC’s AUM at ₹18,412 crore, up 21% sequentially; Liquid Funds AUM crossed ₹10,000 crore.
  • Payment Solutions’ Total Payment Value (TPV) at ₹19,208 crore, up 2.5x YoY.
  • Payments Bank’s Deposits at ₹617 crore, up 1.7x YoY.
  • Insurance Broking arm facilitated premium of ₹238 crore, up 1.6x YoY.
  • Allianz Jio Reinsurance Limited establishes initial market footprint, with ₹266 crore in gross written premiums during its first full quarter of operations.

The performance for the quarter reflects the accelerating momentum across the entire business portfolio, led by sustainable loan book growth at Jio Credit Limited, JFSL’s lending franchise, alongside the scaling up of the asset management and payments businesses. This expanding footprint across lending, payments, investment solutions, and insurance protection is further amplified by growing digital user engagement on the JioFinance app, while our treasury operations continue to provide a stable capital foundation to nurture early-stage joint ventures.

*Adjusting for one-off Exceptional Income of ₹29 crore in Q1 FY26.

JioFinance App

  • 25 million unique users experiencing an AI-native and conversational Neural Agentic Marketplace in seven languages via 16 unique AI Agents and 10 ML models.
  • Diverse bouquet of product offerings across proprietary and third party products, including personal loans, credit cards, digital gold, and fixed deposits. Logged an average of ~34,000 product purchases per day in the month of June 2026.
  • The app’s integrated rewards framework issued over 204 million JioPoints to 5.7 million enrolled customers, on-quarter growth of 6.6x and 4.75x respectively, indicating growing customer loyalty and stickiness.

Jio Credit Limited

  • Gross Assets Under Management (AUM) stood at ₹30,667 crore, representing a 2.6x YoY growth.
  • Quarterly gross disbursements accelerated to ₹11,252 crore, up 2.7x YoY.
  • The product mix comprises Mortgages (Home Loans and LAP) at 45.4%, Loan Against Securities (Retail) at 10.4% and Corporate & SME loans at 44.2%.
  • Net Interest Income (NII) increased 118% YoY to ₹257 crore, while Profit After Tax (PAT) stood at ₹96 crore, up 113% YoY.

Jio Payments Bank Limited

  • Total Income grew 7.7x YoY to ₹83 crore, while total customer deposits stood at ₹617 crore, a growth of 72% YoY.
  • The CASA customer base expanded by 51% YoY to 3.9 million accounts, with average deposit per customer rising 16% YoY to ₹1,540.
  • The active Business Correspondent (BC) network grew to 527,037 touchpoints compared to 50,192 in Q1 FY26 and 378,568 in Q4 FY26.
  • Managing digital toll processing operations across 20 toll plazas, including one FASTag ANPR-based Multi-Lane Free-Flow solutions for barrierless tolling.

Jio Payment Solutions Limited

  • Total Payment Value (TPV) at ₹19,208 crore, up 2.5x YoY.
  • Gross fee and commission income at ₹176 crore, up 6.4x YoY, resulting in a Net Fee & Commission Income of ₹24 crore, up 3.4x YoY.
  • Sharp focus on unit-level profitability with expanding net processing margins of 12 bps.
  • Cross-border settlement infrastructure was launched to facilitate international remittances for Indian exporters.

Jio Insurance Broking Limited

  • Facilitated premium of ₹238 crore in Q1 FY27, up 1.6x YoY.
  • Total Fee and Commission Income rose 131% YoY to ₹61 crore during the quarter.
  • Digital Point of Sales Person (PoSP) channel premium up ~11x YoY; presence across 25 states.

Joint Ventures with BlackRock

  • Closing AUM reached ₹18,412 crore, up 21% QoQ.
  • 44% of investors with Active SIPs; 36% of Retail AUM coming from B30 cities; 18.5% of investors new to Mutual Funds.
  • The New Fund Offer (NFO) for the Prism Specialized Investment Fund (SIF) Hybrid Long-Short fund closed on July 13, 2026, raising over ₹150 crore.
  • Final approval was received from the International Financial Services Centres Authority (IFSCA) to operate as a retail Fund Management Entity in GIFT City.

Joint Ventures with Allianz Group

  • Allianz Jio Reinsurance Limited underwrote gross premium of ₹266 crore in its first full quarter of operations.
  • Jio Allianz General Insurance Limited has been incorporated as a 50:50 joint venture, with statutory and regulatory clearance processes currently underway.

Hitesh Sethia, Managing Director and CEO, Jio Financial Services said: “The sustained business momentum across our verticals validates the granular architecture of our full-stack ecosystem and the strength of our execution. By strategically integrating AI and data analytics, we have unlocked significant efficiency gains across the value chain. We continue to drive robust growth in our tailored lending solutions, expand access to innovative investment products through our asset management arm, and power the operational turnaround of our payments business through revenue diversification and strict focus on unit economics. Given the massive opportunity in the country for deeper penetration in sectors like investment solutions and insurance, we are accelerating our investments towards some of our newer businesses including our JVs with BlackRock and Allianz in these areas, which will yield significant benefits over a period of time.”