Jio Financial Services Limited (JFSL), a leading digital-first financial solutions provider, today announced its unaudited consolidated financial results for the first quarter of the fiscal year 2025-26, ending June 30, 2025.
JFSL reported a consolidated total income of ₹619 crore, marking a 48% year-on-year increase. The company also achieved significant growth in its Net Income from Business, which surged nearly 4x to ₹219 crore, now accounting for approximately 40% of the company’s total net income (defined as total income less finance costs).
Key Financial Highlights (Q1 FY26):
- Assets Under Management (AUM) of JioBlackRock Asset Management crossed ₹17,800 crore*
- Jio Credit Limited (JCL) AUM increased to ₹11,665 crore, compared to ₹217 crore in Q1 FY25
- Pre-Provisioning Operating Profit stood at ₹366 crore, up 8% YoY
- Profit After Tax reached ₹325 crore, reflecting 4% growth over the previous year
*AUM as of July 2, 2025, post-closure of NFO
JFSL’s performance reflects a strong upward trajectory driven by customer-centric product offerings in lending, investments, transactions, and insurance services. This growth was also supported by a sharp focus on unit economics and disciplined execution across its business verticals.
Business and Operational Highlights:
Asset Management – JioBlackRock
JioBlackRock Asset Management Private Limited, a key joint venture under the JFSL umbrella, began operations in May 2025. The firm launched three initial debt/cash mutual fund schemes through its first New Fund Offer (NFO) on June 30, 2025, which drew over ₹17,800 crore in investments within three days. This places it among India’s top 15 fund houses by debt AUM. Over 90 institutional investors and approximately 67,000 retail investors participated in the offering.
Additionally, two other JioBlackRock entities — JioBlackRock Investment Advisers and JioBlackRock Broking — secured regulatory clearance during the quarter to commence wealth management and brokerage services, respectively. Team building and market strategy development are currently underway for both.
Lending – Jio Credit Limited (JCL)
JCL continued expanding its loan book with a disciplined, risk-aware approach. Its AUM climbed sharply to ₹11,665 crore, aided by a strategic lending model and the initiation of market borrowing programs. These borrowings were raised at competitive interest rates, showcasing investor confidence in the company’s creditworthiness and governance.
Banking – Jio Payments Bank (JPBL)
In a significant development, JFSL acquired State Bank of India’s 14.96% stake in Jio Payments Bank Limited for approximately ₹105 crore, making JPBL a 100% owned subsidiary.
As of June 30, 2025, JPBL served 2.58 million customers and held total deposits of ₹358 crore. It also received empanelment from NHAI and IHMCL as an acquiring bank for toll collection, and is now managing three toll plazas — opening new revenue streams for the bank.
The bank’s business correspondent (BC) network also expanded rapidly, growing 2.5 times quarter-on-quarter to reach over 50,000 BCs, substantially increasing rural and semi-urban penetration.
Digital & Technology Advancements
The JioFinance app, a one-stop digital platform offering JFSL’s suite of financial products, recorded 8.1 million average monthly active users (MAUs) during the quarter.
To enhance personalization and customer insight, JFSL has implemented an advanced AI and data analytics engine, enabling a unified customer view across its offerings. A cutting-edge app intelligence layer is also being integrated, aimed at delivering hyper-personalized product experiences.
CEO’s Commentary
Hitesh Sethia, Managing Director & CEO of JFSL, commented:
“As our businesses scale across different maturity stages, our performance reflects the strategic discipline we’ve maintained in deploying capital effectively. The capital received through our demerger provides a solid foundation for nurturing new ventures and accelerating growth in high-performing segments.”
“We are in the final stages of enhancing the JioFinance app into a smart, intuitive platform that will offer a broad range of financial products — both from our portfolio and through partnerships with reputed third-party brands. This positions us to meet the diverse needs of customers across India.”
“Our mission remains unwavering: to create lasting value for customers and shareholders by blending innovation, capital efficiency, and long-term vision.”
About JFSL
Jio Financial Services Limited is a digital-first financial enterprise focused on delivering accessible and innovative solutions in lending, investments, payments, and insurance. With a customer-first mindset and technology-driven approach, JFSL is reshaping the financial services landscape in India by addressing the evolving financial needs of individuals and businesses alike.
