Jio Financial Services Q3 FY26 Profit Declines 9% as Revenue Doubles to Rs 901 Crore

Jio Financial Services reported a consolidated net profit of Rs 269 crore for Q3 FY26, marking a nearly 9% year-on-year decline despite revenue more than doubling to Rs 901 crore. The company’s assets under management rose 29% sequentially to Rs 19,049 crore, driven by growth in lending, payments, and asset management businesses. Profitability was supported by efficient cost management and contributions from subsidiaries, while higher expenses reflected business scaling. The firm also raised Rs 3,956 crore through preferential allotment to promoters.