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Jio Financial Services Q3FY26 Results: Profit Declines to ₹268.98 Crore, Revenue ₹900.90 Crore
Jio Financial Services Limited
January 15, 2026, 10:56 AM
Jio Financial Services reported Q3 FY26 consolidated profit after tax of ₹268.98 crore, down from ₹695.04 crore year-on-year. Revenue from operations stood at ₹900.90 crore. For nine months FY26, profit was ₹1,288.68 crore. The company allotted 25 crore warrants for ₹3,956.25 crore and formed a reinsurance JV with Allianz.
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Jio Financial Services Limited (JFSL) announced its unaudited financial results for the quarter and nine months ended December 31, 2025. The company's Board of Directors approved these results in a meeting held on January 15, 2026, which commenced at 2:40 p.m. and concluded at 4:00 p.m.
For the quarter ended December 31, 2025, JFSL reported a consolidated profit after tax of ₹268.98 crore, a decrease from ₹695.04 crore in the previous quarter and ₹294.78 crore in the same quarter last year. Total revenue from operations for the quarter stood at ₹900.90 crore, down from ₹981.39 crore in the prior quarter but up from ₹438.35 crore in the corresponding quarter of the previous year. The total comprehensive income for the period was ₹14,869.95 crore.
For the nine months ended December 31, 2025, the consolidated profit after tax was ₹1,288.68 crore, compared to ₹1,296.48 crore in the same period last year. Total revenue from operations for the nine months reached ₹2,494.75 crore, an increase from ₹1,549.67 crore in the prior year. The total comprehensive income for the nine-month period was ₹22,476.35 crore.
The company also reported standalone results. For the quarter ended December 31, 2025, standalone profit after tax was ₹73.08 crore, with total revenue from operations at ₹159.19 crore. For the nine months ended December 31, 2025, standalone profit after tax was ₹600.99 crore, and total revenue from operations was ₹813.96 crore.
Notes to the results indicate that on September 3, 2025, the company allotted 25 crore warrants at ₹316.50 per warrant via preferential issue to promoter group entities, receiving ₹3,956.25 crore. Additionally, a 50:50 joint venture with Allianz Europe B.V. for reinsurance business in India, named Allianz Jio Reinsurance Limited (AJRL), was incorporated on September 8, 2025, with an initial investment of ₹1.55 crore each by the parent company and Allianz. The results also reflect an estimated past service cost of ₹1.95 crore due to new labour codes. Furthermore, the company acquired 14.96% of Jio Payments Bank Limited (JPBL) from State Bank of India for ₹104.54 crore, making JPBL a wholly-owned subsidiary effective June 18, 2025. An exceptional item of ₹28.57 crore was recorded for the nine-month period related to the remeasurement of investment in JPBL.
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