Jio Financial Services (JFSL) announced its December quarter results on January 15. During this period, the consolidated profit of the company stood at Rs 269 crore. The total income of the company doubled compared to a year ago. Good growth of the core business contributed to this.
Consolidated income doubled in December quarter
Jio Financial Services Ltd (JFSL)’s consolidated income in the December quarter was double i.e. Rs 901 crore as compared to a year ago. This was due to the better performance of lending, payments, asset management and other fee-based businesses. Pre-provisioning operating profit increased by 7 per cent to Rs 354 crore. The company has said that for the expansion of many businesses, expenses had to be increased, which affected the income growth.
Share of operating businesses in income increased
The most important thing in the December quarter results was the increasing share of operating businesses in the company’s income. In the December quarter, the share of core business income in the company’s consolidated net income was 55 percent. This is a growth of 20 percent on year-on-year basis.
AUM of NBFC unit increased by 4.5 times
The growth of the lending arm of Jio Financial Services remained strong. Assets under management (AUM) of NBFCs increased by 4.5 times on year-on-year basis, while on quarter-on-quarter basis it increased by 29 percent to Rs 19,049 crore. Gross disbursement in the December quarter stood at Rs 8,615 crore. Net interest income from lending business increased by 166 per cent year-on-year to Rs 165 crore. Pre-provisioning operating profit increased 130 per cent to Rs 99 crore.
10 times jump in income of Jio Payments Bank
Transaction processing volume of Jio Payment Solutions increased 2.6 times on year-on-year basis to Rs 16,315 crore. Gross fees and commission income jumped 4.6 times to Rs 96 crore. The company has maintained unit level gross margins at around 10 basis points. Jio Payments Bank’s total income jumped 10 times to Rs 61 crore. Deposits as on December 31, 2025 stood at Rs 507 crore. This is 94 percent more on year-on-year basis. Customer base increased to 32 lakh.
Jio-BlackRock’s AUM is Rs 14972 crore
The AUM of the company’s asset management business increased to Rs 14,972 crore through the Jio-BlackRock joint venture. 10 funds had stake in it. The retail investor base of this business reached 10 lakh. The company has said that a large part of the investment has come from cities outside the top 30 cities. The number of first-time mutual fund investors has increased.
The impact of the results will be visible on shares on January 16.
Jio Financial shares fell 1.58 per cent to close at Rs 287.30 on January 14. In the last one year, this stock has given only 5.47 percent return. On January 16, the impact of good results in the December quarter will be visible on the company’s shares.