Jio Financial Services Q1 Results are out now. The Company reported total income of 619 Crores, which is 48% higher than last year’s 418 Crores. Jio Financial Services’ Profit After Tax was reported at 325 crore, which is almost 4% higher than last year’s 312 crore.
The Company Reported Assets Under Management of JioBlackRock exceeds 17,800 crore. There is a huge jump in Jio Credit Assets Under Management. The Company Reported Jio Credit Limited (JCL) Assets under management at 11,665 crore, up from 217 crore in Q1 FY25.
Recently, BlackRock Asset Management launched the 3 Funds and received a bumper response. In just 3 days, those three funds attracted over 17,800 crore in investments. Over 90 institutional investors and around 67,000 retail investors participated in the offer.
Jio BlackRock Joint Venture received regulatory approval to operate as an Investment Adviser in June 2025. The Company also received a broking licence in June 2025.
Jio Financial Services has great plans for its Jio Payment Bank. Jio Financial Services acquired a 14.96% stake in Jio Payment Bank from SBI for Rs. 105 crore.
In Q1 FY26, Jio Payments Bank had 2.58 million customers and a deposit base of Rs. 358 crores, which is huge because last year in the same quarter company’s deposit base stood at 117 Crores.
The Rise Of Jio Credit
Jio Credit also offers a Home loan for purchase and balance transfer & and top-up. The Company recently started offering a Loan against Mutual Fund and Shares. There is a huge increase in Jio Credit Assets under management. In just 1 Year, Jio Credit Assets Under management Rose From 217 Crores to 11,665 crores.
