Jio Financial Services Limited (JFSL) has reported a robust financial performance for the second quarter, marking significant growth across its diverse portfolio of financial services.

Strong Financial Performance

JFSL's consolidated total income for Q2 stood at Rs. 1,002.00 crores, representing a substantial 44% year-on-year increase. The company's net income from business operations grew five-fold to Rs. 317.00 crores, accounting for 52% of consolidated net total income, excluding dividend and finance costs on external borrowings.

Key Financial Highlights

Business Segment Performance

Jio Credit Limited (NBFC)

• Assets Under Management: Rs. 14,712.00 crores (12x growth YoY)
• Quarterly Disbursements: Rs. 6,624.00 crores
• Net Interest Income: Rs. 140.00 crores (142% growth YoY)
• Profit After Tax: Rs. 50.00 crores (62% increase YoY)

JioBlackRock Asset Management

• Assets Under Management: Rs. 15,980.00 crores (in just 4 months since launch)
• Launched 9 funds, including the JioBlackRock Flexi Cap Fund

Jio Payment Solutions

• Transaction Processing Volume: Rs. 13,566.00 crores (167% growth YoY)

Jio Payments Bank

• Customer Base: 3 million (doubled YoY)
• Business Correspondent Network: Expanded to 200,000 touchpoints
• Deposits: Rs. 421.00 crores (doubled YoY)

Strategic Developments

1. Digital User Base: JFSL has reached approximately 18 million unique users across its digital platforms.

2. Product Innovation: Launched industry-first solutions including BlackRock's Systematic Active Equity (SAE) approach for mutual funds and 'Savings Pro' account by Jio Payments Bank.

3. Distribution Expansion: Serving customers from over 19,000 pin codes across India.

4. Capital Infusion: Received the first tranche of Rs. 3,956.00 crores from promoter warrant subscription.

5. Joint Ventures: Incorporated Allianz Jio Reinsurance Limited, a 50:50 joint venture with Allianz Group for reinsurance.

Future Outlook

JFSL is focusing on intelligent personalization in financial services, leveraging AI and machine learning to offer tailored solutions. The company is well-positioned for growth with its strong capital base and diverse portfolio of financial services.

Mr. Hitesh Sethia, MD & CEO of Jio Financial Services Limited, commented, "We have demonstrated that growth and prudence can co-exist – scaling rapidly, while remaining anchored in risk discipline and governance excellence."

As JFSL continues to expand its offerings and reach, it aims to democratize access to finance for the people of India, delivering innovative and best-in-class financial products and services.

Jio Financial Services Limited (JFSL) has unveiled an attractive digital gold offer to celebrate Dhanteras and Diwali, showcasing the company's growing presence in the digital financial services sector. The offer, running from October 18 to 23, 2025, comes as JFSL reports strong financial performance for Q2 FY26.

Digital Gold Offer Details

• Customers purchasing digital gold worth ₹2,000 or more will receive an additional 2% gold credited to their wallet within 72 hours.
• Purchases of ₹20,000 or more qualify for a prize draw worth ₹10 lakh total, including smartphones, TVs, gold coins, and gift vouchers.
• Winners will be notified on October 27, 2025.
• Digital gold can be purchased starting from ₹10 through JioFinance or MyJio apps.

Key Financial Highlights (Q2 FY26)

Business Growth and Expansion

JFSL has reported significant growth across its various business segments:

The company has also expanded its physical presence, with the NBFC arm now covering 14 cities through 15 offices.

Strategic Developments

• JFSL has entered into a 50:50 joint venture with Allianz Group for reinsurance business in India, subject to regulatory approvals.
• The company has received shareholder approval for a preferential warrant issue of ₹15,825.00 crore to promoters, with the first tranche of ₹3,956.00 crore already received.

Hitesh Sethia, Managing Director and CEO of JFSL, commented on the company's performance: "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. Our expanding user base is a validation of the enthusiasm with which our offerings have been met in the market."

The digital gold offer, coupled with JFSL's strong financial performance, underscores the company's commitment to enhancing financial inclusion and providing innovative digital financial solutions to Indian consumers.