JM Financial Limited announced its unaudited financial results for the quarter ended June 30, 2026 (Q1FY27) through a press release dated August 3, 2026. The disclosure was made to the stock exchanges (BSE and NSE) under regulatory requirements.

Financial Performance Highlights

Quarterly Performance (Q1FY27 vs Q1FY26):

  • Consolidated Net Revenue: ₹883 crores, representing a 13% year-on-year (YoY) increase from ₹779 crores
  • Pre-provision Operating Profit: ₹469 crores, showing a 21% YoY increase from ₹389 crores
  • PAT (ex-provisions) before Non-Controlling Interests (NCI): ₹379 crores, a 24% YoY increase from ₹306 crores
  • Reported Net Profit after tax and share of associates (Pre NCI): ₹369 crores, a 20% decrease YoY from ₹459 crores
  • Reported Net Profit after tax, NCI and share of associates: ₹292 crores, a 36% decrease YoY from ₹454 crores
  • Reported EPS: ₹3.0, down from ₹4.7 in Q1FY26
  • Impairment provisions: ₹13 crores, compared to negative provisions of ₹(204) crores in Q1FY25

Quarterly Performance (Q1FY27 vs Q4FY26):

  • Net Revenue increased 51% quarter-on-quarter (QoQ) from ₹584 crores
  • Pre-provision Operating Profit increased 94% QoQ from ₹241 crores
  • PAT (ex-provisions) before NCI increased 2.4x QoQ from ₹161 crores
  • Reported Net Profit after tax and share of associates (Pre NCI) increased 2.3x QoQ from ₹162 crores

Balance Sheet Metrics (as of June 30, 2026):

  • Consolidated net worth: ₹10,899 crores (7% YoY increase from ₹10,174 crores)
  • BVPS: ₹113.9 (7% YoY increase from ₹106.4)
  • Debt/equity ratio: 1.0x (unchanged from Q1FY25, improved from 1.1x in Q4FY26)
  • Cash and Cash equivalents: ₹3,814 crores (60% YoY increase from ₹2,381 crores)
  • Goodwill: ₹52.4 crores (deducted from shareholders' funds)

Business Segment Performance

ARC Business:

  • One of the best quarters with strong resolutions in distressed credit assets
  • Gross recoveries exceeded ₹2,000 crores during the quarter
  • JM Financial Group's share of cashflows: over ₹1,200 crores

Wealth Management:

  • Recurring AUM: ₹33,394 crores (7% YoY increase)
  • Loan book: ₹2,417 crores (43% YoY increase)

Mutual Funds:

  • Average AUM for non-liquid schemes: ₹10,521 crores for Q1FY27 (compared to ₹11,219 crores for Q1FY26)

Affordable Home Loans:

  • Customer base: 35,655 (31% YoY increase)
  • Branch network: Added 23 branches YoY
  • AUM: ₹3,715 crores (28% YoY increase)
  • Disbursements: ₹360 crores (87% YoY increase)

Capital Markets:

  • Closed 9 capital market transactions totaling approximately ₹22,000 crores in Q1FY27
  • Strong pipeline with 60 filed IPO transactions aggregating approximately ₹150,000 crores (excluding filed IPO transactions of Jio Platforms Limited and National Stock Exchange of India Limited)

Management Commentary

Mr. Vishal Kampani, Vice Chairman and Managing Director, commented that the results demonstrate the strength of the company's diversified business model. He noted that the Private Markets segment provided strong cushion to earnings amidst capital market volatility, with distressed credit business generating strong cashflows of over ₹1,200 crores. He mentioned early signs of recovery in capital markets that should help execute the transaction pipeline and improve transactional business revenues. The Wealth Management segment showed healthy traction in recurring AUM and loans, while the affordable home loans business reported strong growth in disbursements.

Additional Information

  • The company's consolidated businesses include: Corporate Advisory and Capital Markets, Private Markets (Private Credit and Investments), Wealth and Asset Management, and Affordable Home Loans
  • As of June 30, 2026:
  • Consolidated loan AUM: ~₹109.2 billion
  • Distressed credit business AUM: ~₹112.0 billion
  • Wealth management AUM: ~₹1.13 trillion
  • Mutual fund AAUM: ~₹132.0 billion
  • Geographic presence: 889 locations across 232 cities in India

The financial results have been uploaded on the company's website at https://www.jmfl.com/investor-relations/financial-results.