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Jio Financial infuses ₹2,000 crore into Jio Credit; Q3 profit at ₹269 croreJio Financial Services infused ₹1,999.88 crore into Jio Credit Ltd via equity subscription to boost operations. Q3 net profit was ₹269 crore, with income rising to ₹901 crore year-on-year.By Megha Rani  February 26, 2026, 7:34:50 PM IST (Updated)2 Min ReadJio Financial Services on Thursday, February 26, said it has infused nearly ₹2,000 crore into its wholly-owned subsidiary Jio Credit Ltd (JCL) through a fresh equity subscription, according to an exchange filing.

As per the filing, the company subscribed to and was allotted 3,35,71,923 equity shares of face value ₹10 each in JCL at a premium of ₹585.70 per share, aggregating to ₹1,999.88 crore. The investment was made in cash at 11:30 a.m. on the same day.

JCL, a non-banking financial company (NBFC), will utilise the funds to support its business operations and expansion plans. The company clarified that the transaction is a related-party transaction but was carried out on an arm’s length basis. It also stated that none of its promoters, promoter group entities or other group companies have any interest in the investment. No governmental or regulatory approvals were required for the transaction.

Shares of Jio Financial Services ended lower on Thursday, February 26, by 0.27% at ₹256.25 on the NSE.

Q3 Results

Separately, Jio Financial Services reported a consolidated net profit of ₹269 crore for the quarter ended December 31. Total income more than doubled year-on-year to ₹901 crore from ₹449 crore in the corresponding period last year, supported by traction across lending, payments and asset management businesses.

Consolidated pre-provisioning operating profit rose 7% year-on-year to ₹354 crore, while net income from business operations (excluding dividend income) increased 4% to ₹386 crore.

Also Read: Mukesh Ambani makes a $110 billion AI pledge before Jio IPOContinue ReadingNote To ReadersDisclaimer: Network18, the parent company of CNBCTV18.com, is controlled by Independent Media Trust, of which Reliance Industries is the sole beneficiary.First Published: Feb 26, 2026 7:31 PM ISTTagsinvestmentJio Financial ServicesNBFC