Event Details

  • Investor Conference: JM Financial India Xchange 2026
  • Date: Wednesday, November 18, 2026
  • Venue: Mumbai
  • Format: Group and One-on-One meetings
  • Content: Discussion of investor presentation already submitted to exchanges on November 4, 2026
  • Disclosure: The conference schedule is subject to change due to exigencies from Investors/Company/Organizers.

Financial Performance Highlights (Consolidated)

Q2 FY27 (Quarter Ended September 30, 2026)
  • Net Revenue: ₹1,056 crore (compared to ₹1,044 crore in Q2 FY26, -1.1% YoY)
  • Profit Before Tax (PBT): ₹323 crore (compared to ₹344 crore in Q2 FY26, -6.2% YoY)
  • Profit After Tax (PAT): ₹228 crore (compared to ₹255 crore in Q2 FY26, -10.7% YoY)
  • Earnings Per Share (EPS): ₹2.5 per share
  • Book Value Per Share (BVPS): ₹114.9 per share
  • Return on Equity (RoE): Not annualized for quarter
H1 FY27 (Half Year Ended September 30, 2026)
  • Net Revenue: ₹2,281 crore (compared to ₹2,166 crore in H1 FY26, +5.3% YoY)
  • Profit Before Tax (PBT): ₹777 crore (compared to ₹937 crore in H1 FY26, -16.9% YoY)
  • Profit After Tax (PAT): ₹531 crore (compared to ₹724 crore in H1 FY26, -26.6% YoY)
  • Earnings Per Share (EPS): ₹5.5 per share
  • Return on Equity (RoE): 9.8% (annualized)
FY26 Comparative (Year Ended March 31, 2026)
  • Net Revenue: ₹4,261 crore (adjusted for interest on income tax refund of ₹113 crore)
  • Profit After Tax (PAT): ₹1,202 crore (adjusted for interest on income tax refund and statutory impact of new labour codes)
  • Earnings Per Share (EPS): ₹12.6 per share

Segment Performance Highlights

Corporate Advisory and Capital Markets
  • Net Revenue (Q2 FY27): ₹286 crore
  • PAT (Q2 FY27): ₹127 crore
  • H1 FY27 Highlights:
  • Executed ~₹1,30,000 crore worth of transactions across capital markets
  • 48 IPOs filed in H1 FY27
  • 30 companies covered in research with 230+ business professionals
  • Strong M&A deal pipeline
Private Markets
  • Net Revenue (Q2 FY27): ₹120 crore
  • PAT (Q2 FY27): ₹77 crore
  • Standard Loans Book: ₹4,748 crore (22% YoY growth)
  • Disbursements (Q2 FY27): ₹977 crore (2x YoY growth)
  • Disbursements (H1 FY27): ₹1,808 crore
  • Yield: ~13% for Q2 FY27
  • Non-core loan book expected to substantially run down in next 9-12 months
Wealth Management
  • Assets Under Management (AUM): ₹39,596 crore (17% YoY growth)
  • Net Revenue (Q2 FY27): ₹204 crore
  • PAT (Q2 FY27): ₹20 crore
  • Client Assets: ₹1,15,832 crore
  • Revenue from recurring streams: ₹216 crore (20% YoY growth)
Asset Management
  • AUM: ₹13,591 crore (Average AUM)
  • Net Revenue (Q2 FY27): ₹16 crore
  • PAT (Q2 FY27): ₹(10) crore loss
  • Alternative Investment Funds (AIF) commitments: ₹700 crore
Affordable Home Loans
  • AUM: ₹3,929 crore (30% YoY growth)
  • Net Revenue (Q2 FY27): ₹133 crore
  • PAT (Q2 FY27): ₹18 crore
  • Disbursements (Q2 FY27): ₹175 crore
  • Average Ticket Size: ~₹10.5 lakh
  • Average LTV: 60%
  • GNPA/NNPA: 1.1%/0.7%

Balance Sheet Position (as of September 30, 2026)

  • Total Assets: ₹23,647 crore
  • Borrowings: ₹11,328 crore
  • Net Worth: ₹10,993 crore
  • Debt-to-Equity Ratio: 1.0x

Shareholding Pattern (as of September 30, 2026)

  • Promoter Group: 58.0%
  • Institutional Investors: 21.9%
  • Non-Institutional: 20.1%

Key Subsidiaries and Associates

  • JM Financial Products Limited (100.0% effective ownership)
  • JM Financial Services Limited (99.8% effective ownership)
  • JM Financial Home Loans Limited (96.5% effective ownership)
  • JM Financial Asset Reconstruction Company Limited (84.9% effective ownership)
  • JM Financial Asset Management Limited (59.5% effective ownership)