Jio Financial Services: Navigating Economic Shifts

Jio Financial Services Ltd reported a 9% drop in profit for the third quarter of 2025 despite increased income. The company's net income grew to Rs 901 crore but was offset by rising expenses. The firm continues to expand its services, now including a joint venture in asset management.

Jio Financial Services Ltd reported a decline in its consolidated profit for the third quarter ended December 31, 2025, marking a 9% drop to Rs 269 crore compared to the previous year's Rs 295 crore. This dip comes amidst a significant increase in total income and expenses.

Despite the quarterly profit decline, the company's total income nearly doubled to Rs 901 crore, driven by growth across all business sectors. However, this growth was partially offset by a rise in total expenses, which jumped to Rs 566 crore from Rs 131 crore a year earlier.

In a strategic expansion move, Jio Financial Services, spun off from Reliance Industries Ltd, and partnered with BlackRock to launch mutual fund portfolios under JioBlackRock, aiming to meet diverse financial goals for its customers.

(With inputs from agencies.)