Jio Financial Services Q3 results: Profit slips 9% YoY to ₹269 crore; AUM stands at ₹19,049 crore by the end of Q3FY26

Jio Financial Services Q3 results: Jio Financial Services on Thursday, January 15, reported a nearly 9% year-on-year (YoY) drop in its consolidated profit to ₹268.98 crore for the December quarter of the current financial year (Q3FY26). In the corresponding quarter of the previous financial year, the company's profit was ₹294.78 crore.

However, total income for the quarter under review stood at ₹901 crore, up 101% from ₹449 crore in the same quarter last year.

Pre-provisioning operating profit rose 7.3% YoY to ₹354 crore from ₹330 crore in the same quarter last year, as growth in total income was partially offset by higher expenses.

The company's assets under management (AUM) increased by 29% sequentially at ₹19,049 crore by the end of Q3FY26 compared to ₹14,712 crore by the end of Q2FY26.

Performance by key segments

Jio Credit Limited

The segment's gross disbursements stood at ₹8,615 crore, up nearly two times YoY and 30% sequentially.

Net interest income at ₹165 crore was up 166% YoY and 18% QoQ, reflecting healthy growth in interest-earning assets and declining cost of funds.

Pre-provisioning operating profit increased to ₹99 crore, up 130% YoY and 24% QoQ.

Jio Payments Bank

Total income grew 10 times YoY and doubled sequentially to ₹61 crore, driven by a 3 times sequential growth in transaction throughput.

Total deposits, including current accounts, savings accounts, and wallets, stood at ₹507 crores as of December 31, 2025, up 94% YoY and 20% QoQ.

Customer base grew 69% YoY and around 9% QoQ to 3.20 million.

Jio Payment Solutions

Transaction processing volume (TPV) jumped 2.6 times YoY and 20% QoQ to ₹16,315 crore.

Gross fee and commission income at ₹96 crore, up 4.6 times YoY and 26% QoQ.

“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 in growth across new businesses, positioning them for long-term success," said Hitesh Sethia, Managing Director and CEO, Jio Financial Services.

"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,” Sethia said.

Disclaimer: This story is for educational purposes only. The views and recommendations expressed are those of individual analysts or broking firms, not Mint. We advise investors to consult with certified experts before making any investment decisions, as market conditions can change rapidly and circumstances may vary.