Mumbai, July 18 -- The pre-provisioning operating profit stood at Rs 366 crore, up 8%, while profit before tax rose 4.5% to Rs 419 crore during the period under review.

The standout performer was its lending arm, Jio Credit Limited (JCL). Its AUM skyrocketed to Rs 11,665 crore in Q1 FY26, compared to just Rs 217 crore a year ago. This is also a solid jump from Rs 10,053 crore in Q4 FY25. Net interest income spiked 240% to Rs 118 crore, and PAT grew 24% to Rs 45 crore. With a net worth of Rs 4,983 crore and a capital adequacy ratio of 38.2%, JCL is well capitalized, maintaining a conservative debt-to-equity ratio of 1.7x.

Operationally, JCL now has a presence in 11 cities and has launched an end-to-end digital journey for loans against s...