Jio Monetary Providers Ltd on Tuesday reported a pointy growth in its core working companies within the December quarter, whilst greater prices and decrease treasury positive factors weighed on general profitability.

The board of Jio Monetary Providers Restricted accredited the unaudited outcomes for the third quarter of FY26 at a gathering in Mumbai. Consolidated whole earnings for the quarter stood at Rs 901 crore, up 101% year-on-year, pushed by fast scaling throughout lending, funds, asset administration and insurance coverage distribution companies.

Revenue after tax for Q3 FY26 got here in at Rs 269 crore, down 9% from Rs 295 crore a yr earlier. On a sequential foundation, revenue declined sharply from Rs 695 crore in Q2 FY26, reflecting a moderation in treasury earnings and a big rise in working bills. Whole earnings additionally fell 10% quarter-on-quarter from Rs 1,002 crore within the September quarter.

Working momentum throughout companies remained robust. Pre-provisioning working revenue rose 7% year-on-year to Rs 354 crore, though the good thing about greater earnings was partly offset by rising bills consistent with volume-led progress throughout verticals. Whole bills surged to Rs 566 crore from Rs 131 crore a yr in the past, whereas finance prices rose to Rs 212 crore from nil within the corresponding quarter final yr.

The contribution of working companies to consolidated internet earnings continued to extend. The share of internet earnings from enterprise rose to 55% in Q3 FY26, from 20% a yr earlier, underscoring the corporate’s transition from treasury-led earnings to working income-led progress. Share of revenue from associates and joint ventures declined to Rs 36 crore from Rs 59 crore in Q3 FY25, reflecting ongoing investments within the asset administration and wealth administration companies.

The non-banking finance firm remained the biggest progress driver. Property below administration stood at Rs 19,049 crore as of December 31, 2025, a 4.5x enhance year-on-year and a 29% rise over the earlier quarter. Gross disbursements in the course of the quarter had been Rs 8,615 crore, almost doubling year-on-year and up 30% sequentially. Web curiosity earnings rose 166% year-on-year to Rs 165 crore, supported by progress in interest-earning property and a declining value of funds. Pre-provisioning working revenue for the lending enterprise elevated to Rs 99 crore, up 130% year-on-year.

Curiosity earnings on the consolidated degree surged 140% year-on-year to Rs 504 crore, reflecting the fast scaling of the lending e-book. Charge, fee and different providers earnings rose sharply to Rs 182 crore from Rs 37 crore a yr in the past, a progress of 392%. Web positive factors on truthful worth adjustments stood at Rs 214 crore, up 12% year-on-year.

The asset administration enterprise additionally gained traction. Property below administration stood at Rs 14,972 crore throughout 10 mutual fund schemes, with a retail investor base of round a million. Throughout the Jio-BlackRock three way partnership, 51% of traders had energetic SIPs, over 40% of retail AUM got here from B30 cities, and greater than 18% of traders had been first-time mutual fund individuals. AUM within the Lively Fairness Flexi Cap Fund rose 70% since its new fund supply, and curated mannequin portfolios had been launched in the course of the quarter.

The funds and banking companies posted robust progress. Jio Funds Financial institution reported whole earnings of Rs 61 crore, up 10x year-on-year and double sequentially, pushed by a threefold enhance in transaction throughput. Deposits stood at Rs 507 crore, up 94% year-on-year and 20% quarter-on-quarter, whereas the client base grew 69% year-on-year to three.20 million. The enterprise correspondent community expanded sharply to 2,86,766 BCs, in contrast with 7,263 a yr in the past.

Jio Fee Options processed transactions price Rs 16,315 crore in the course of the quarter, up 2.6x year-on-year and 20% sequentially. Gross price and fee earnings rose 4.6x year-on-year to Rs 96 crore, with the corporate sustaining a constant gross margin of 10 foundation factors amid a deal with unit-level profitability.

The insurance coverage broking enterprise facilitated premiums of Rs 212 crore in Q3 FY26, up 23% year-on-year, with the digital PoSP channel recording almost fivefold sequential progress.

The JioFinance app continued to behave because the group’s unified digital storefront. In the course of the quarter, the corporate recorded 20 million distinctive customers throughout its digital properties, with a mean month-to-month energetic person base of 9.2 million.

For the 9 months ended December 2025, Jio Monetary reported whole earnings of Rs 2,523 crore, up 62% year-on-year, whereas internet revenue stood at Rs 1,289 crore, marginally decrease than Rs 1,296 crore a yr earlier. The corporate additionally flagged volatility in different complete earnings, pushed by mark-to-market actions in fairness devices and OCI from associates and joint ventures.

Commenting on the efficiency, managing director and CEO Hitesh Sethia stated, “We’re witnessing a secular pattern in enterprise momentum throughout all our working verticals, which has now gained vital velocity. On the identical time, we proceed to speculate for progress throughout new companies, positioning them for long-term success.”

He added that as the corporate builds depth, functionality and market presence, it’s positioning itself for the subsequent section of economic providers progress in India, anchored in expertise, knowledge analytics, and hyper-personalised choices.