Jio Financial Services reported a consolidated net profit of ₹830 crore for the quarter ended June 2026, marking a 156% year-on-year increase and a 205% sequential jump.
The Mumbai-based lender, which is the financial services subsidiary of Reliance Industries, also saw its total revenue climb 223% to ₹2,004 crore, driven by robust growth in core income streams despite rising operational expenses.
36% on the National Stock Exchange on Thursday as investors awaited the data, the post-market release highlights significant momentum in both lending and brokerage segments.
The results underscore the company's rapid scaling in its early years of operation.
While the stock dipped 0.36% on the National Stock Exchange on Thursday as investors awaited the data, the post-market release highlights significant momentum in both lending and brokerage segments.
The sequential improvement suggests that the business is gaining operational efficiency and market share faster than anticipated in the previous quarter.
This performance comes as the broader Indian banking sector shows resilience, with peers like Union Bank of India also reporting double-digit profit growth in the same period.