Jio Financial Services Q3: Profit Falls 9% YoY To INR 269 Cr

SUMMARY

The bottom line took a bigger 61% hit on a sequential basis from INR 695 Cr

Operating revenue for the quarter under review stood at INR 900.9 Cr, up over 105% YoY but down 8% QoQ

Expenses surged 332% YoY and 30% QoQ to INR 565.9 Cr, driven mostly by a significant increase in finance cost

Fintech major Jio Financial Services’ (JFS) net profit for the quarter ended December 31, 2025 (Q3 FY26) declined 9% to INR 269 Cr from INR 294.8 Cr in the year-ago period, as finance cost shot up. The bottom line took a bigger 61% hit on a sequential basis from INR 695 Cr.

Operating revenue for the quarter under review stood at INR 900.9 Cr, up over 105% from INR 438.4 Cr in the year-ago period. Sequentially, it declined 8% from INR 981.4 Cr.

Including other income of INR 15 Lakh, total income for the period stood at INR 901.1 Cr. The company noted that its growth in total income was partially offset by higher expenses, in line with growth in volume across all businesses.

Meanwhile, expenses surged 332% YoY and 30% QoQ to INR 565.9 Cr. The major contributor in this was finance costs, which jumped to INR 212.4 Cr. This cost didn’t exist in the year-ago quarter. Sequentially, finance cost surged over 56% from INR 135.8 Cr.

(The story will be updated soon)