Key Highlights
- Consolidated revenue rises to ₹900.90 crore in Q3FY26
- Net profit grows 91.3% YoY despite QoQ decline
- Interest income contributes over half of total revenue
- New 50:50 reinsurance JV formed with Allianz Europe
Jio Financial Services Q3FY26 Financial Performance
Jio Financial Services has reported a strong set of earnings for the third quarter of FY26, driven by sharp revenue growth and higher year-on-year profitability.
The company’s consolidated revenue from operations stood at ₹900.90 crore, marking a 105.5% year-on-year (YoY) growth and a 9.0% quarter-on-quarter (QoQ) increase. The sharp rise reflects rapid expansion across its lending and financial services portfolio.
Net Profit Details
For Q3FY26, consolidated net profit came in at ₹268.98 crore. While profit declined 14.6% QoQ, it showed a strong 91.3% YoY increase, indicating a significant improvement compared to the same quarter last year.
Revenue Mix and Income Breakdown
Interest income remained the largest contributor, rising to ₹504.14 crore, accounting for nearly 56% of total consolidated revenue during the quarter.
In addition, net fair value changes added ₹214.53 crore to quarterly revenue, supporting overall topline growth.
Standalone Performance
On a standalone basis, Jio Financial Services reported a profit of ₹73.08 crore, with earnings per share (EPS) of ₹0.12 for the quarter.
Strategic Update: Allianz Reinsurance JV
During the quarter, the company announced the formation of a 50:50 joint venture with Allianz Europe B.V. to enter the reinsurance business in India. This move is expected to strengthen Jio Financial Services’ presence in the insurance and risk management segment and diversify its long-term revenue streams.
Outlook
With strong revenue momentum, rising interest income, and strategic partnerships, Jio Financial Services continues to build scale across multiple financial verticals. The Q3FY26 results underline the company’s focus on long-term growth, even as quarterly profit fluctuations remain.
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