JM Financial announced a 50% year-over-year increase in consolidated PAT for Q3FY26, reaching ₹313 crore. For the nine months ending December 31, 2025, the consolidated PAT saw a 69% increase to ₹1,037 crore. Key drivers included growth in fees & commission income and wealth management expansion. Wealth management recurring AUM grew by 33% YoY to ₹33,144 crore.
Q3FY26 Financial Highlights
JM Financial Limited reported strong financial performance for Q3FY26. Key highlights include:
- Fees and commission income increased by 32% YoY to ₹306 crore.
- Operating PAT increased by 17% YoY to ₹244 crore.
- Wealth management expansion with Sales and wealth RMs headcount increasing by 41% YoY to 1,057. Recurring AUM up 33% YoY to ₹33,144 crore.
- Mutual Fund Average AUM for non-liquid schemes increased by 15% YoY to ₹12,021 crore.
- Affordable Home Loans AUM increased by 23% YoY to ₹3,183 crore with customer base crossing 30,000.
Management Commentary
Mr. Vishal Kampani, Vice Chairman and Managing Director, JM Financial Limited, commented, “Our reported PAT has crossed ₹1,000 crore in the first nine months… The expansion in wealth and asset management business is on track… Affordable home loans business continues to remain granular and had a strong quarter with 32% YoY growth in customers and 23% YoY growth in AUM.”
Business Segment Updates for Q3FY26
Corporate Advisory and Capital Markets
- Closed 12 capital market transactions amounting to ~₹36,000 crore in Q3FY26.
Wealth and Asset Management
- Recurring AUM increased by 33% YoY to ₹33,144 crore.
- RMs and sales employees increased 41% YoY to 1,057.
- Average AUM of mutual fund business increased by 6% YoY to ₹14,344 crore.
- Average AUM of non-liquid schemes increased by 15% YoY to ₹12,021 crore.
Private Markets
- Non-core loan book reduced 53% YoY to ₹1,984 crore.
Affordable Home Loans
- AUM increased by 23% YoY to ₹3,183 crore.
- Customer base increased by 32% YoY to 30,759.
Key Financial Metrics
The following table summarizes the key financial statistics for the quarter ended December 31, 2025:
- Consolidated profit after tax: ₹313 crore
- EPS: ₹3.3
- Consolidated net worth: ₹10,418 crore
Source: BSE
