Jio Financial Services Ltd (JFS) reported robust consolidated performance for the quarter ended 31 December 2025 (Q3 FY26), with strong growth across its lending, payments, asset management and insurance verticals driving a sharp rise in income and profitability. Consolidated total income for Q3 FY26 stood at Rs 9.01 billion, marking an increase of 101 per cent year-on-year. Pre-provisioning operating profit rose to Rs 3.54 billion, up 7 per cent YoY, while profit after tax reached Rs 2.69 billion. Growth in income was partially offset by higher expenses aligned with expanding business volumes. Share of associates and joint ventures stood at Rs 360 million, lower than Rs 590 million in Q3 FY25 due to ongoing investments in the AMC and wealth management businesses. Operationally, JFS saw a significant shift in revenue composition, with the share of net income from core business operations rising to 55 per cent in Q3 FY26 from 20 per cent a year earlier. NBFC assets under management climbed sharply to Rs 190.5 billion, reflecting 4.5 times YoY growth and a 29 per cent quarter-on-quarter increase. The asset management arm recorded AUM of Rs 149.7 billion across 10 funds, supported by a retail investor base exceeding one million. Payment Solutions’ transaction processing volume surged to Rs 163.2 billion, up 2.6 times YoY, while Payments Bank deposits rose 94 per cent to Rs 5.07 billion. Jio Credit Ltd reported gross disbursements of Rs 81.5 billion, more than doubling YoY and rising 30 per cent sequentially. Net interest income reached Rs 1.65 billion, up 166 per cent YoY and 18 per cent QoQ. Pre-provisioning operating profit increased to Rs 990 million, marking 130 per cent YoY growth. Jio Payments Bank delivered strong momentum, with total income growing 10 times YoY and doubling sequentially to Rs 610 million, driven by a threefold rise in transaction throughput. Total deposits stood at Rs 5.07 billion as of December-end, up 94 per cent YoY and 30 per cent QoQ. The customer base expanded 6 per cent YoY to 3.20 million, while the business correspondent network rose sharply to 2,86,766 BCs from 7,263 a year earlier. Jio Payment Solutions recorded transaction processing volume of Rs 163.2 billion, up 2.6 times YoY and 20 per cent QoQ. Gross fee and commission income rose 4.6 times YoY to Rs 960 million, with the business maintaining a consistent gross margin of 10 basis points. Jio Insurance Broking facilitated premium worth Rs 2.12 billion in Q3 FY26, registering 23 per cent YoY growth. Premium from the digital Point-of-Sales Person channel rose approximately five times sequentially. JFS stated that its diversified product suite and expanding distribution footprint significantly enhanced contributions from core businesses during the quarter, while treasury income continued to provide capital support for ongoing investments. The company’s portfolio maintains a balanced mix of high-growth ventures including NBFC, Payments Bank, Payment Solutions, Insurance Broking and Asset Management, alongside incubation-stage businesses such as Wealth Management, Securities Broking and Reinsurance.