Mukesh Ambani backed Jio Financial Services (JFS) on Thursday reported consolidated Q3FY26 net profit at ₹269 crore, slightly lower than ₹295 crore in the same period last fiscal, primarily on account of higher expenses. JFS’ Q2FY26 bottomline stood at ₹695 crore, largely led by dividend from subsidiaries.
JFS’s total income grew to ₹901 crore in Q3FY26, from ₹449 crore a year ago. Total expenses rose sharply to ₹547 crore in Q3 from ₹119 crore in the last fiscal. Expense rose mainly because in Q3FY25 there was no consolidation of Jio Payments Bank (JPB) with JFS. Further, there were higher finance costs as Jio Credit relied more on market borrowings as opposed to using equity for earlier funding and higher processing charges on account of growing transaction processing volume in Jio Payment Solutions.
The share of net income from business to consolidated total net income grew to 55 per cent in Q3FY26, from 20 per cent in Q3 FY25.
JFS’s business portfolio includes its NBFC Jio Credit, Jio Payments Bank, Jio Payment Solutions, Jio Insurance Broking and Asset Management; and those at an incubation stage include Wealth Management, Securities Broking, Reinsurance and proposed Primary (Life and General) Insurance.
Jio Credit’s total disbursements stood at ₹8,615 crore in Q3, up 2x YoY and 30 per cent sequentially. Jio Payments Bank’s total deposits, including current accounts, savings accounts, and wallets, stood at ₹507 crores as of December-end, up 94 per cent YoY. Jio Payments Solutions’ total Transaction Processing Volume (TPV) stood at ₹16,315 crore, up 2.6x YoY and 20 per cent QoQ, while Jio Insurance Broking facilitated premium of ₹212 crore in Q3FY26, up 23 per cent YoY.
Says Hitesh Sethia, Managing Director and CEO, JFS, “We are witnessing a secular trend in business momentum across all our operating verticals, which has now gained significant velocity. At the same time, we continue to invest for growth across new businesses, positioning them for long-term success. As we continue to build depth, capability and market presence, we are well-positioned to shape the next phase of financial services in India, driven by intelligence, hyper-personalisation and enhanced accessibility, leveraging technology and data analytics”.
Published on January 15, 2026
