Concall — clean across the call.

India's macroeconomic environment remained encouraging, with the twin enablers of consumption digitisation driving growth. Against this backdrop, I am happy to state that we have continued our robust growth momentum FY26 multi-fold operating matrices. As a Core Investment Company, Jio Financial Services Limited's primary objective is set new service business, nurture them them, prudent, risk-calibrated manner. Our focus democratising access finance delivering them innovative products best-in-class, not just locally, but globally. Our progress and growing scale reflects in our financial performance. The Company's Consolidated Total FY26 stood Rs. 1,002 representing increase 44% year-on-year. I am happy state during FY26, Business grew 5x year-on-year Rs. 317 representing 52% Consolidated Total Income, excluding dividend finance costs external borrowings. I am happy to report that we have reached an inflection point in our journey, where core now higher than treasury. This is a validation of the strength of our brand, the superiority of our customer journeys, distinctiveness experience crowded competitive market. Our Pre-Provisioning Operating Profit, or PPoP, stands at Rs. 579 crores, during the quarter, 5% YoY. Pursuant to Jio Payments Bank Limited becoming a wholly-owned subsidiary of the Company, following acquisition State Bank India's remaining shareholding June financials now fully consolidated JFSL. In line with our commitment to disciplined, risk-calibrated growth, our NBFC, Jio Credit continued growing loan book back encouraging demand range secured lending products. NBFC's Assets Under stood Rs. 14,712 September 30, 12x AUM FY25. traction amply evident trend quarterly disbursements, reached Rs. 6,624 FY26. On the other hand, the AUM of our asset management JV with BlackRock stood at Rs. 15,980 September 30, just four months since launch. In period, AMC brought many nine funds market. JioBlackRock Asset Management launched its maiden actively managed equity fund, JioBlackRock Flexi Cap Fund towards end quarter. fund, based BlackRock's proprietary AI-driven approach, called Systematic Active Equity, SAE, resonated strongly investors, raising Rs. 1,500 NFO. Turning to our payments business, we continue to delight customers with our convenient retail merchant segments. Payment Solutions' Transaction Processing Volume 167% YoY Rs. 13,566 while Bank's transaction throughput grew much 15x sequentially.

In an industry-first initiative, the payment bank launched 'Savings Pro', a savings auto-invests idle money into overnight mutual funds, helping generate higher returns surplus liquidity. In the Protect vertical, we believe that our partnership with Allianz for insurance in going truly transformational bringing convenient, affordable accessible underpenetrated market. A significant development this quarter was the incorporation of Allianz Jio Reinsurance 50:50 joint venture Allianz Group reinsurance. Meanwhile, Jio Insurance Broking made steady progress. It facilitated a premium collection Rs. 347 during quarter, issued 2.9 lakh policies period. During the quarter, we received shareholder approval for our promoters to invest Rs. 15,825 warrants company preferential basis. fund infusion reaffirmation promoters' faith long term prospects company; provide formidable base pursue strategic opportunities aligned long-term vision. already received tranche Rs. <strong>3,956 crore</strong>s. At Jio Financial Services, our vision is to empower every Indian by digitally delivering simple, secure, seamless smart solutions, serving core needs. Our endeavour is to create a virtuous flywheel powered by our comprehensive suite offerings, structured individual's four core needs: Borrow, toTransact, Protect Invest. I am happy to report that in just about 16 months since our app went live, we have exponential traction footfalls franchise. At present, unique user base approximately 18 million platforms, giving wide top-of-the-funnel base, cross-selling range solutions. Jio Payments Bank has exponentially scaled its network of Business Correspondents approximately 200,000 touchpoints September 30, just 2,307 BCs FY25. Jio Credit has also expanded its physical presence by establishing 15 offices across 14 cities, only four offices FY25. Jio Insurance Broking has expanded its digital Point of Sales Person, or PoSP, channel over 100 cities six states, enabling personalized advisory service regional markets. The powerful outcome of this expansive omni-channel presence is that we are now serving 19,000-plus pin codes length breadth country, ensuring true democratization services, reaching every segment Indian market.

to relentlessly pursue a path zero-ops AI-driven operations, help service better, maximise return shareholders simultaneously. We, at JFS, strongly believe that the future of financial services is going to be intelligent personalisation wherein become trusted platform customers, always looking out interest, making contextual recommendations each unique customer, based preferences, goals needs. In this context, we are actively developing an intelligent and contextual targeting architecture offer product via channel time. Jio Credit's Net Interest Income stood at Rs. <strong>140 crore</strong>s, showing a robust growth of 142% YoY. Profit after Tax about Rs. 50 62% increase year-on-year. The NBFC's Net Worth as on September 30, 2025, stood at Rs.

<strong>5,020 crore</strong>s, with a debt-to-equity ratio 2.4, adequacy ratio 31.4%. The payment bank's customer base grew to about 3 million in Q2 FY26, nearly double 1.5 million FY25, consistent 14% sequentially. At the same time, deposits rose to Rs. 421 crores, about double of the deposit base Rs. 209 FY25. Jio Payments Bank's entry into the tolling ecosystem is a natural extension of its mission... mission digitise everyday payments build smart infrastructure scale. Q2 FY26 was marked by strong momentum in Transaction Processing Volume, or TPV, reached Rs. 13,566 significant pick-up 76% quarter-on-quarter. For the first half of FY26, our TPV stood at Rs. 21,286 crores, almost equal to the entire TPV recorded full year 2025.

Our vision at JioBlackRock is to provide accessible, affordable, and institutional-quality simple tools. bringing powerful synergy BlackRock's global expertise decades experience Jio's immense reach local knowledge. Following the success of our 3 Cash funds in June, we have launched two sets of New Fund Offerings total 6 additional funds equity index, debt index, active equity fund. Our Index Funds have shown impressive growth, collecting Rs. <strong>329 crore</strong>s in the August NFOs increasing Rs. 520 2 months thereafter. Our first Active Equity NFO, a Flexi Cap Fund that leverages BlackRock's Systematic Active Equity process, has been success, raising nearly Rs. 1,500 over 480,000 investors.