Jio Financial Services posted a consolidated net profit of ₹325 crore for the first quarter of fiscal 2026, a 3.8% rise from a year earlier. Revenue from operations jumped 47% to ₹612 crore, driven by stronger interest income and higher fee and commission earnings. Compared with the preceding March quarter, profit increased 27% while revenue climbed 24%. Operating expenses expanded to ₹261 crore, reflecting higher finance, employee and other costs. During the quarter the company bought State Bank of India’s remaining 14.96% stake in Jio Payments Bank for ₹104.54 crore, making the lender a wholly owned subsidiary. Separately, Jio BlackRock, the firm’s 50:50 asset-management venture with BlackRock, obtained Securities and Exchange Board of India approval to launch four passive funds. The earnings were released after market hours on Thursday. Jio Financial shares closed at ₹319 on the National Stock Exchange, down 0.17% for the day but up about 9% over the past month.