Jio Financial Q3 Profit Jumps to ₹269 Crore, Total Income Doubles

• Jio Financial Services Ltd (JFSL) reported a consolidated profit of ₹269 crore for Q3, with total income more than doubling year-on-year to ₹901 crore.
• The lending arm saw NBFC assets under management climb 4.5 times year-on-year to ₹19,049 crore, with gross disbursements nearly doubling to ₹8,615 crore.
• Jio Payments Bank's total income surged ten-fold to ₹61 crore, with deposits up 94% and customer base expanding to 3.2 million.
• The Jio-BlackRock joint venture's asset management business reported ₹14,972 crore in AUM across 10 funds, attracting a million retail investors.
• The payments ecosystem showed strong momentum, with transaction processing volume at Jio Payment Solutions rising 2.6 times to ₹16,315 crore.

Why It Matters: Jio Financial Services achieved significant growth in Q3, driven by strong performance across all its business segments.