Jio Financial Services Q2 results: Net profit rises to Rs 695 crore

Jio Financial Services Q2 results: Net profit rises to Rs 695 crore

Jio Financial Services Ltd on October 16 reported consolidated net profit of Rs 695 crore for the quarter ended September 30, 2025, 1% higher than Rs 689 crore in the year-ago period.

The firm's revenue from operations rose 41% to Rs 981 crore in Q2FY26 as against Rs 694 crore in Q2FY25.

Profit for the six months ended September 30 rose 2% to Rs 1,020 crore from Rs 1,002 crore a year ago.

Its April-September consolidated revenue increased 43% to Rs 1,594 crore as against Rs 1,111 crore in the year-ago period.

Hitesh Sethia, Managing Director and CEO, JFSL, said: "The significant growth in business income is a direct result of the initiatives taken over the last few quarters towards scaling up profitably, by pursuing a risk-calibrated growth strategy. Our expanding user base is a validation of the enthusiasm with which our offerings have been met in the market. As we design financial services of the future for all Indians, we are actively leveraging next-gen AI and analytics to position JioFinance as a trusted, intelligent, and simplified digital platform that delivers personalised, and fit-for-purpose products to each individual customer. The results of these efforts would become more pronounced over the coming quarters."

Net Income from Business at 52% of Consolidated Net Total Income (ex-dividend), up from 14% in Q2FY25, said the NBFC.

Assets Under Management (AUM) of the NBFC at Rs 14,712 crore, up from Rs 1,206 crore in Q2FY25.

"AMC AUM at Rs 15,980 crore; maiden NFO for actively managed flexi cap fund garners Rs 1,500 crore in investments," the company said in a stock exchange filing.

"In just under four months since launch, the asset management company has a client base of 150-plus institutional and 635,000-plus retail investors, which is rapidly growing," the company added.

During the quarter, JioBlackRock Mutual Fund had opened subscriptions for its latest offering, the JioBlackRock Flexi Cap Fund, starting September 23. The New Fund Offer (NFO) closed on October 7.

The open-ended equity scheme will follow a flexi cap structure, investing across large, mid, and small-cap companies. The stated investment objective is to generate long-term capital appreciation by investing in equity and equity-related instruments across market capitalisation.

The minimum subscription amount is set at Rs 500, with no entry or exit load.

Disclaimer: Moneycontrol is part of the Network18 group. Network18 is controlled by Independent Media Trust, of which Reliance Industries is the sole beneficiary.