Jio Financial Q1 result: Profit up marginally to ₹325 cr, revenue jumps 46%

Jio Financial's total expenses for the quarter rose sharply by 228.2 per cent to ₹260.51 crore from ₹79.35 crore in Q1 FY25

Jio Financial Services Ltd (JFSL) on Thursday reported a marginal rise in net profit to ₹324.66 crore for the quarter ended June 2025 (Q1 FY26), up from ₹312.63 crore in the corresponding period last year and ₹316.11 crore in the previous quarter.

 

Revenue for the quarter rose 46.6 per cent to ₹612.46 crore from ₹417.82 crore in Q1 FY25. On a sequential basis, revenue grew 24.2 per cent from ₹493.24 crore in the March 2025 quarter.

 

Total expenses for the quarter rose sharply by 228.2 per cent to ₹260.51 crore from ₹79.35 crore in Q1 FY25. Sequentially, expenses increased 54.5 per cent from ₹168.66 crore.

 

 

The spike in costs can be attributed to the company infusing ₹190 crore into its payments bank subsidiary, Jio Payments Bank Ltd.

 

“During Q1 FY26, JFSL acquired State Bank of India’s 14.96 per cent stake in Jio Payments Bank Limited (JPBL) for ₹105 crore. With this, JPBL has become a wholly owned subsidiary of JFSL. As on 30 June 2025, the payments bank had 2.58 million customers and a deposit base of ₹358 crore,” the company said in a BSE filing.

 

In its investor presentation, the company also stated that it had expanded its physical presence to 11 cities.

 

“As we scale up, by nurturing businesses at various stages of maturity, our results reflect the measured and evolving nature of our growth curve,” Hitesh Sethia, managing director and chief executive officer of JFSL, said in a statement.

 

Shares of Jio Financial Services closed at ₹318.1 on the BSE on Thursday.

 

Jio Financial Q1 result highlights

 

• Revenue from operations: ₹612.46  crore
• Net profit for the period: ₹324.66 crore
• Earnings per share (EPS): ₹0.51 (basic and diluted)