Jio Financial Services Limited reported mixed financial results for Q3FY26, with strong revenue growth offset by declining profitability. The company announced its unaudited consolidated and standalone financial results for the quarter and nine months ended December 31, 2025, under Regulation 33 of the SEBI Listing Regulations. Additionally, the company conducted an investor presentation on January 15, 2026, highlighting its comprehensive business performance across all verticals.

Quarterly Performance Analysis

The company's Q3FY26 performance showed contrasting trends with significant revenue expansion but profit contraction on both year-on-year and sequential basis.

Net profit for the third quarter declined 9% year-on-year to ₹269 crore from ₹295 crore in the corresponding period last year. On a sequential basis, the decline was more pronounced at 61% from ₹695 crore reported in Q2FY26. Pre-provisioning operating profit grew 7% year-on-year to ₹354 crore, though growth in total income was partially offset by higher expenses in line with volume growth across all businesses.

Business Operations Performance

The company demonstrated strong operational momentum across its diversified business portfolio, with net income from business operations reaching ₹386 crore, marking a 320% year-on-year growth and 22% quarter-on-quarter increase. The share of net income from business operations to consolidated total net income grew significantly to 55% in Q3FY26 from 20% in Q3FY25.

Revenue Drivers and Income Composition

Revenue from operations demonstrated robust growth, more than doubling to ₹901 crore in Q3FY26 from ₹438 crore in the year-ago period, marking an increase of 106%. However, on a quarter-on-quarter basis, operating revenue fell 8%.

Interest income surged 140% year-on-year to ₹504 crore, reflecting the scaling up of the lending book. Fee, commission and other services income jumped sharply to ₹182 crore from ₹37 crore a year ago, marking exceptional growth of 394%. Net gains on fair value changes stood at ₹214 crore, up 12% year-on-year.

Lending Business Expansion

Jio Credit Limited demonstrated strong growth momentum with gross disbursements reaching ₹8,615 crore, representing approximately 2x year-on-year increase and 30% quarter-on-quarter growth. The NBFC's assets under management expanded significantly to ₹19,049 crore.

Digital Ecosystem and Payment Services

The company's digital platform continues to expand its user base, reaching over 20 million unique users across all digital properties with 9.2 million average monthly active users during the quarter. The JioFinance app serves as the company's primary unified digital storefront.

The payments bank network grew substantially to approximately 287,000 business correspondents, representing significant expansion from 7,263 in Q3FY25. Payment solutions maintained consistent gross margin of 10 basis points with sharp focus on unit-level profitability.

Nine-Month Performance Overview

For the nine-month period ended December 31, 2025, the company maintained strong revenue momentum while profit remained relatively stable.

Strategic Developments and Business Expansion

During the reporting period, the company executed several strategic initiatives to strengthen its business portfolio. The company allotted 25 crore warrants each to Sikka Ports & Terminals Limited and Jamnagar Utilities & Power Private Limited at ₹316.50 per warrant, raising ₹3,956.25 crore.

The company formed a 50:50 joint venture with Allianz Europe B.V. for reinsurance business in India, with "Allianz Jio Reinsurance Limited" incorporated on September 8, 2025. Additionally, the company acquired 14.96% equity stake in Jio Payments Bank Limited from State Bank of India for ₹104.54 crore, making it a wholly-owned subsidiary.

Asset Management and Investment Performance

Jio BlackRock joint ventures showed strong performance with 51% of investors maintaining active SIPs and over 40% of retail AUM coming from B30 cities. The asset management company's AUM stood at ₹14,972 crore across 10 funds with 1 million retail investor base.

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.