Jio Financial Services Ltd

 Jio Payments Bank (JPBL), a wholly-owned subsidiary of Jio Financial Services has introduced UPI-based cash withdrawal through its Business Correspondent (BC) touchpoints, marking an important step towards strengthening India's digital payments ecosystem and advancing financial inclusion in the country. The feature enables customers, particularly in rural and semi-urban areas, to conveniently withdraw cash by simply scanning a UPI QR code and authorizing the transaction through their UPI application, eliminating the need for debit cards or access to traditional ATM infrastructure. By enabling cardless cash withdrawals at BC touchpoints, the initiative bridges the gap between digital payments and physical cash access, while providing first-time digital users with an assisted and secure way to experience UPI transactions.  Through this initiative, JPBL continues to leverage the digital payments infrastructure and its last-mile BC network to expand accessible banking services, strengthen UPI's reach among cash-dependent segments, and enhance financial inclusion across rural and semi-urban India.Powered by Capital Market - Live

The brokerage noted that Jio Financial Services is being architected as India's next-gen financial services platform aimed to operated across lending, payments, asset management, wealth management and insurance manufacturing and broking, and other digital financial services. It said Jio Financial Services leverages the ecosystem synergies, data, distribution and discipline for scalable finance. It also said Jio Financial's core investment thesis centres on its ecosystem-led operating advantage, leveraging Jio's subscriber base of over 500 million and the extensive retail footprint of the Reliance Group. It said that unlike traditional NBFCs that face high customer acquisition costs, Jio Fin benefits from a lower-cost entry into the daily digital lives of nearly half of India's population. The brokerage added that while its near-term profitability remains subdued because of the incubation phase of multiple businesses, the groundwork has been laid across technology, partnerships, and distribution positions for the company for scalable growth over the medium to long-term. The broker has projected Jio Financial Services' consolidated Profit After Tax (PAT) to grow at a Compounded Annual Growth Rate (CAGR) of 48% over financial year 2026-2028. Jio Financial Services is a Core Investment Company (CIC), registered with the Reserve Bank of India. JFSL is a new-age institution, which operates a full-stack financial services business through customer-facing entities, including Jio Credit, Jio Insurance Broking, Jio Payment Solutions, Jio Leasing Services, Jio Finance Platform and Service, and Jio Payments Bank. The company reported 8.8% decline in consolidated net profit to Rs 268.98 crore despite a 105.5% surge in total revenue from operations to Rs 900.90 crore in Q3 FY26 over Q3 FY25.Powered by Capital Market - Live

Jio Financial Services Ltd fell for a fifth straight session today. The stock is quoting at Rs 240.7, down 0.25% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is up around 0.61% on the day, quoting at 24631.05. The Sensex is at 79505.6, up 0.49%.Jio Financial Services Ltd has eased around 10.22% in last one month.Meanwhile, Nifty Financial Services index of which Jio Financial Services Ltd is a constituent, has eased around 2.61% in last one month and is currently quoting at 27020.45, up 0.23% on the day. The volume in the stock stood at 66.72 lakh shares today, compared to the daily average of 106.19 lakh shares in last one month. The benchmark March futures contract for the stock is quoting at Rs 241.7, down 0.12% on the day. Jio Financial Services Ltd jumped 9.44% in last one year as compared to a 9.25% rally in NIFTY and a 16.92% spurt in the Nifty Financial Services index.The PE of the stock is 219.32 based on TTM earnings ending December 25.Powered by Capital Market - Live

Jio Credit is a non-banking financial company. The aforementioned mentioned funds would be used by JCL to fund its business operations. Jio Financial Services is a Core Investment Company (CIC), registered with the Reserve Bank of India. JFSL is a new-age institution, which operates a full-stack financial services business through customer-facing entities, including Jio Credit, Jio Insurance Broking, Jio Payment Solutions, Jio Leasing Services, Jio Finance Platform and Service, and Jio Payments Bank. The company reported 8.8% decline in consolidated net profit to Rs 268.98 crore despite a 105.5% surge in total revenue from operations to Rs 900.90 crore in Q3 FY26 over Q3 FY25. The scrip shed 0.35% to currently trade at Rs 255.85 on the BSE. Powered by Capital Market - Live

Following this, the board has approved the appointment of Sandeep Khetan as a group chief risk officer for a term of 5 years, effective 23 March 2026. Sandeep Khetan is a Chartered Accountant (CA) with over 24 years of extensive experience in banking, specialized in credit appraisal, credit risk, market risk and operational risk. Sandeep Khetan joined the company on 30 July 2025 as Head ' Integrated Risk Management. In his current role, he has been instrumental in institutionalizing a unified risk governance architecture across the lending, insurance, and payments ecosystem, aligning risk frameworks and internal controls to build a robust, tech driven 'Second Line of Defence' for the group. Prior to joining the company, he spent more than 23 years at ICICI Bank, where he headed the various functions while leading and building high performing teams. During his overall banking career, his areas of expertise and specialization include credit & policy function, (for SME, MSME & supply chain financing segments), retail and business banking distribution. Given his vast experience, he has developed an expertise to manage scale, integrate complex risk frameworks and leverage technology for predictive risk management. Jio Financial Services is a Core Investment Company (CIC), registered with the Reserve Bank of India. JFSL is a new-age institution, which operates a full-stack financial services business through customer-facing entities, including Jio Credit, Jio Insurance Broking, Jio Payment Solutions, Jio Leasing Services, Jio Finance Platform and Service, and Jio Payments Bank. The company reported 8.8% decline in consolidated net profit to Rs 268.98 crore despite a 105.5% surge in total revenue from operations to Rs 900.90 crore in Q3 FY26 over Q3 FY25. The scrip shed 0.08% to end at Rs 262.35 on the BSE.Powered by Capital Market - Live

Jio Financial Services has incorporated a wholly owned subsidiary named Jio Alternative Investment Manager (JAIML), having its registered office at Mumbai, on 23 January 2026, to act as an investment manager to the Alternative Investment Fund to be set up by the Company subject to regulatory approvals, in terms of SEBI (Alternative Investment Funds) Regulations 2012. The company will invest an amount of Rs. 1 crore towards initial subscription of 10,00,000 equity shares of face value of Rs. 10 each of JAIML.Powered by Capital Market - Live

Jio Financial Services Ltd dropped for a fifth straight session today. The stock is quoting at Rs 261.2, down 0.78% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is up around 0.17% on the day, quoting at 25201.1. The Sensex is at 81970.15, up 0.07%.Jio Financial Services Ltd has eased around 12.55% in last one month.Meanwhile, Nifty Financial Services index of which Jio Financial Services Ltd is a constituent, has eased around 1.95% in last one month and is currently quoting at 26963.5, up 0.31% on the day. The volume in the stock stood at 72.39 lakh shares today, compared to the daily average of 106.01 lakh shares in last one month. The benchmark January futures contract for the stock is quoting at Rs 260.9, down 1.06% on the day. Jio Financial Services Ltd jumped 2.09% in last one year as compared to a 8.6% rally in NIFTY and a 19.53% spurt in the Nifty Financial Services index.The PE of the stock is 239.27 based on TTM earnings ending December 25.Powered by Capital Market - Live

Growth in total revenue from operations was partially offset by higher expenses, in line with growth in volume across all businesses. During the quarter, profit before tax (PBT) fell 1.6% YoY to Rs 371.09 crore. In Q3 FY26, pre-provisioning operating profit (PPOP) grew 7% YoY to Rs 354 crore. NBFC's Assets Under Management (AUM) stood at Rs 19,049 crore in Q3 FY26, up 4.5x YoY. Under Jio Payments Bank, total income grew 10x YoY and doubled sequentially to Rs 61 crore in Q3 FY26, driven by a threefold sequential growth in transaction throughput. Total deposits, including current accounts, savings accounts, and wallets, stood at Rs 507 crore as of December 31, 2025, up 94% YoY and 20% QoQ. During the quarter, Jio Payment Solutions reported a transaction processing volume (TPV) of Rs 16,315 crore, up 2.6x YoY and 20% QoQ. Gross fee and commission income was at Rs 96 crore, up 4.6x YoY and 26% QoQ. In Jio Credit segment, net interest income (NII) stood at Rs 165 crore for the quarter, up 166% YoY and 18% QoQ, reflecting healthy growth in interest-earning assets and declining cost of funds. Under Jio Insurance Broking, facilitated premium stood at Rs 212 crore in Q3 FY26, up 23% YoY. In Jio-BlackRock joint venture, AUM in Active Equity Flexi Cap Fund up 70% from its new fund offer (NFO) levels. Hitesh Sethia, managing director and CEO, JFSL, said: 'We are witnessing a secular trend in business momentum across all our operating verticals, which has now gained significant velocity. At the same time, we continue to invest for growth across new businesses, positioning them for long-term success. As we continue to build depth, capability and market presence, we are well-positioned to shape the next phase of financial services in India, driven by intelligence, hyper-personalisation and enhanced accessibility, leveraging technology and data analytics.' Jio Financial Services is a Core Investment Company (CIC), registered with the Reserve Bank of India. JFSL is a new-age institution, which operates a full-stack financial services business through customer-facing entities, including Jio Credit, Jio Insurance Broking, Jio Payment Solutions, Jio Leasing Services, Jio Finance Platform and Service, and Jio Payments Bank. The counter fell 0.23% to Rs 286.30 on the BSE.Powered by Capital Market - Live

Net profit of Jio Financial Services declined 8.75% to Rs 268.98 crore in the quarter ended December 2025 as against Rs 294.78 crore during the previous quarter ended December 2024. Sales rose 105.52% to Rs 900.90 crore in the quarter ended December 2025 as against Rs 438.35 crore during the previous quarter ended December 2024. ParticularsQuarter EndedDec. 2025Dec. 2024% Var. Sales900.90438.35 106 OPM %61.6071.49 - PBDT378.64382.98 -1 PBT371.09377.22 -2 NP268.98294.78 -9 Powered by Capital Market - Live

Jio Financial Services will hold a meeting of the Board of Directors of the Company on 15 January 2026.Powered by Capital Market - Live