Shares of Jio Financial Services are likely to be in focus following the company's Q3FY26 results, which showed a 9% year-on-year decline in net profit despite strong revenue growth. The company reported a consolidated profit of ₹269.00 crore for the quarter ended December 31, compared with ₹295.00 crore in the same period last year, as total income more than doubled supported by robust traction across lending, payments and asset management businesses.

Quarterly Financial Performance

The company's Q3FY26 performance demonstrated strong revenue expansion with total income rising significantly, though profitability declined on both year-on-year and sequential basis due to sharp increase in operational expenses.

Revenue from operations more than doubled to ₹901.00 crore, marking 106% year-on-year growth. Interest income surged 140% year-on-year to ₹504.00 crore, driven by expansion of the lending portfolio, while fee and commission income jumped 394% to ₹182.00 crore. However, expenses rose sharply to ₹566.00 crore from ₹131.00 crore in the year-ago period, representing a 333% increase.

Lending Business Expansion

The company's NBFC operations continued to scale rapidly, demonstrating exceptional growth across key metrics. Assets under management climbed 4.5 times year-on-year and 29% sequentially to ₹19,049.00 crore.

Gross disbursements during the quarter stood at ₹8,615.00 crore, nearly doubling from a year earlier. The lending business maintained strong momentum with net interest income surging 166% year-on-year to ₹165.00 crore, while pre-provisioning operating profit jumped 130% to ₹99.00 crore.

Payments and Banking Services Growth

At Jio Payments Bank, total income rose ten-fold to ₹61.00 crore, driven by sharp increase in transaction throughput. The payments ecosystem saw strong momentum across all key parameters.

Transaction processing volume at Jio Payment Solutions rose 2.6 times year-on-year to ₹16,315.00 crore, with gross fee and commission income increasing 4.6 times to ₹96.00 crore. Deposits stood at ₹507.00 crore as of December 31, up 94% year-on-year, while the customer base expanded to 3.2 million.

Asset Management Performance

The asset management business, operated through the Jio-BlackRock joint venture, maintained strong traction with assets under management of ₹14,972.00 crore across 10 mutual fund schemes, serving a retail investor base of around one million.

The company noted that a significant share of inflows came from beyond the top 30 cities, reflecting rising participation from first-time mutual fund investors. Over 51% of investors maintained active SIPs, demonstrating strong customer engagement across the platform.

Jio Financial Services Limited has announced that its Board of Directors will convene on January 15, 2026, to review and approve the company's financial performance for the third quarter of fiscal year 2026. The meeting notification was issued on January 8, 2026, in accordance with regulatory requirements.

Board Meeting Details

The scheduled board meeting will address several key agenda items related to the company's financial performance:

Financial Results Review

The board will consider and approve both standalone and consolidated unaudited financial results covering two distinct periods. The quarterly results will encompass the three-month period ending December 31, 2025, representing the third quarter of fiscal year 2026. Additionally, the nine-month cumulative results will provide a comprehensive view of the company's performance from April 1, 2025, through December 31, 2025.

Analyst Presentation

Following the board meeting conclusion, Jio Financial Services will conduct a presentation for analysts on the same day. This presentation will focus on the financial results for both the quarter and nine months ended December 31, 2025, providing detailed insights into the company's operational and financial performance during these periods.

Regulatory Compliance

The announcement was made pursuant to Regulation 29 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The notification was signed by Mohana V, Group Company Secretary and Compliance Officer, ensuring proper adherence to regulatory disclosure requirements.

Trading Information

Jio Financial Services Limited trades on major Indian stock exchanges with the following identifiers:

The company maintains its registered office at 1st Floor, Building 4NA, Maker Maxity, Bandra Kurla Complex, Bandra (East), Mumbai - 400051, and provides investor relations support through dedicated communication channels.