Jio Financial Services Limited

FY26 marked a pivotal year for Jio Financial Services, transitioning from groundwork to achieving meaningful scale across its diverse businesses. The company's 'North Star' remains redefining India's financial service landscape through intelligent, intuitive, and hyper-personalized experiences. This momentum is underpinned by a unique user base of 23 million across all digital properties, growing 2.5 times year-on-year, reflecting the rapid appeal of its offerings.

Jio Credit achieved a significant milestone in FY26, with Assets Under Management (AUM) exceeding Rs. 25,700 crore as of March 31, 2026, representing a 156% increase over FY25. Disbursements in Q4 FY26 were over Rs. 10,600 crore, a 49% year-on-year increase, driven by organic originations. The lending vertical recorded a total interest income of Rs. 1,469 crore for FY26, a substantial increase from Rs. 255 crore in the previous year, and a PAT of Rs. 224 crore for FY26, more than double that of FY25.

Jio Payments Bank demonstrated high-frequency engagement, with its deposit base reaching Rs. 544 crore, an 84% growth over FY25, and a 61% year-on-year increase in its CASA customer base to 3.7 million. Jio Payment Solutions' Total Transaction Processing Volume (TPV) crossed Rs. 52,200 crore in FY26, a 2.5 times growth over FY25. In Q4 FY26, TPV was around Rs. 15,000 crore, a 145% increase YoY, leading to a Net Fee and Commission of Rs. 17 crore, a near six-fold increase YoY, and an improved Net Processing Margin of 12 basis points.

The investment vertical, JioBlackRock Asset Management, scaled rapidly, achieving an AUM of over Rs. 15,200 crore by the end of FY26, within just 9 months of its launch. Its Quarterly Average AUM grew 21% sequentially to over Rs. 16,700 crore in Q4 FY26, supported by over 400 institutional and 1.1 million-plus retail investors. The company also secured a No Objection Certificate from SEBI to launch Specialized Investment Funds, expanding its product suite.

Jio Insurance Broking facilitated a total premium of Rs. 982 crore for FY26, an increase from Rs. 895 crore in FY25. In Q4 FY26, premium facilitated was Rs. 273 crore, a 15% increase YoY, with total fee and commission income growing 124% to Rs. 45 crore. The partnership with Allianz Group achieved its first operational milestone with Allianz Jio Reinsurance commencing operations in March 2026, and a non-binding agreement for General and Life Insurance was signed in July 2025.

A significant highlight was the launch of the new JioFinance app, leveraging Agentic AI and Neural Networks to offer an intelligent, instant, and hyper-personal financial experience. This app aims to democratize financial intelligence for 1.4 billion Indians, acting as a comprehensive digital marketplace. The platform provides unbiased advice, seamless intent-to-action, and a comprehensive rewards program, while also offering suppliers intent-qualified leads and sharper risk assessment through JioScore.

Consolidated Total Income (excluding dividends) for FY26 grew 78% to Rs. 3,274 crore, with Q4 FY26 income at Rs. 1,020 crore, up 97% YoY. However, Consolidated PAT for FY26 stood at Rs. 1,561 crore, a slight decrease from Rs. 1,613 crore in FY25, impacted by the consolidation of Jio Payments Bank's operating losses and investments. Standalone PAT for FY26 grew 24% to Rs. 681 crore, primarily driven by dividend income of Rs. 405 crore from its subsidiary, Reliance Industrial Investments and Holdings Limited.

As of March 31, 2026, the Consolidated Net Worth stood at Rs. 1.33 lakh crore, bolstered by a Rs. 3,956 crore infusion from promoters in Q2 FY26. The company's strategy is anchored on five pillars: a strong brand, a robust capital base, a legacy-free technology stack, relentless focus on cost engineering, and leveraging market insights to bypass traditional inefficiencies. These pillars, combined with a focus on financial, tech & data, human, and trust capital, aim to build a sustainable financial institution.