Jio Financial Services’ lending arm, Jio Credit Limited (JCL), has achieved a remarkable milestone: its loan book (AUM) surged to ₹11,665 crore in Q1 FY26, up dramatically from just ₹217 crore in the same quarter last year. This meteoric rise underscores JFSL’s accelerating domination in India’s retail and secured lending space.
The Numbers That Matter
- Assets Under Management (AUM) of JCL jumped from ₹217 crore in Q1 FY25 to ₹11,665 crore in Q1 FY26.
- This leap represents nearly a 54-fold increase within 12 months.
- The strong Q1 performance follows a push during FY25 with AUM already reaching ₹10,053 crore by March-end.
Net interest income (NII) from JCL grew sharply—by 240% YoY to ₹118 crore, while profit after tax (PAT) for the lending business rose 24% YoY to ₹45 crore.
What’s Driving the Growth?
- Ecosystem Advantage: Seamless integration into the broader Reliance-Jio consumer ecosystem—including MyJio and JioFinance app—has accelerated access to a vast digital customer base.
- Cross-selling & Tech Infrastructure: Strong cross-selling of value-added services and a robust digital infrastructure have boosted lending adoption.
- Capital Strength: JFC is well-capitalized, with a net worth of ₹4,983 crore, a capital adequacy ratio of 38.2%, and a conservative debt-to-equity ratio of 1.7x, providing room for further scale. Business Standard
Broader Business Momentum
Jio Financial Services (JFSL) as a group continues to scale aggressively:
- Consolidated PAT rose ~4% YoY to ₹325 crore in Q1 FY26, alongside a ~47–48% revenue jump to ₹612–619 crore.
- JioBlackRock AMC, its asset management JV, also grew rapidly—raising over ₹17,800 crore from its maiden NFO and entering the top ranks in debt AUM category.
Summary Table
| Focus Area | Details |
|---|---|
| Loan Book (AUM) | ₹11,665 crore (Q1 FY26) vs ₹217 crore (Q1 FY25) |
| Year-on-Year Growth | ~54× increase |
| Net Interest Income | ₹118 crore (up 240% YoY) |
| Lending PAT | ₹45 crore (up 24% YoY) |
| Financial Strength | Net worth ₹4,983 crore; CAR 38.2%; D/E ratio 1.7x |
| Growth Catalyst | Digital reach, cross-selling, risk-calibrated strategy |
Conclusion
Jio Financial’s lending arm has achieved one of the fastest scale-ups in India’s NBFC sector, underscored by a hyper-growth trajectory and backed by robust capitalization. Leveraging its rich digital ecosystem and analytics-driven distribution, the company is well poised to continue its aggressive expansion in lending across both urban and underserved markets.
