Jio Financial 2025-26 Income Jumps 78% as Lending, Payments Drive Growth

Jio Financial Services Limited reported a sharp rise in income and strong operational momentum in the 2025-26, led by rapid growth across lending, payments and asset management businesses.

The company’s consolidated total income rose 78% year-on-year to ₹32.74 billion in 2025-26. Net income from business operations surged four times to ₹13.9 billion, contributing 54% of total net income, up from 20% a year ago.

Assets under management at Jio Credit crossed ₹257.11 billion, marking more than 2.5x growth compared to 2024-25. Total payment value at Jio Payment Solutions climbed to ₹522.2 billion, up around 2.4x year-on-year, while Jio Payments Bank’s deposit base increased 84% to ₹5.44 billion

The company also scaled its asset management venture with JioBlackRock Asset Management, where AUM crossed ₹152 billion within nine months of launch. Insurance broking premium stood at ₹9.82 billion, up around 10%.
Profit after tax for 2025-26 came in at ₹15.61 billion, while pre-provision operating profit stood at ₹13.57 billion. 

For the March quarter, consolidated total income rose 97% year-on-year to ₹10.20 billion, with profit after tax at ₹2.72 billion. The board recommended a dividend of ₹0.60 per share with a face value of ₹10.

Growth investments and business expansion impacted profitability during the quarter, alongside treasury income volatility due to geopolitical factors and the consolidation of the payments bank business. 

A key highlight during the year was the launch of the JioFinance app, which has emerged as a central distribution platform for financial services. 

The platform crossed 23 million unique users, with 9.3 million average monthly active users in the fourth quarter. The app offers a wide range of products including insurance, fixed deposits, credit cards and loans, along with services like tax filing and digital gold. 

It also introduced a rewards programme to drive engagement. Jio Credit reported strong lending growth, with gross disbursements rising 49% year-on-year in the March quarter to ₹106.29 billion. 

Net interest income for 2025-26 jumped 190% to ₹6.25 billion, while profit after tax doubled to ₹2.24 billion. Jio Payments Bank saw total income increase 11 times year-on-year in the March quarter to ₹870 million, supported by growth in its customer base and business correspondent network. 

Jio Payment Solutions continued its strong trajectory, with fourth-quarter total payment value rising 145% year-on-year to ₹146.26 billion. Fee and commission income increased five times, while margins improved. The insurance broking business also gained traction, with premium facilitated rising 15% year-on-year in the March quarter.

The company expanded its partnerships during the year, including progress in its joint ventures with BlackRock for investments and Allianz for insurance, strengthening its presence across financial services segments. Overall, 2025-26 marked a transition year for Jio Financial Services, with the company scaling multiple businesses and building a diversified financial ecosystem.