JM Financial Limited announced its unaudited standalone and consolidated financial results for the quarter and half-year ended September 30, 2026. The company’s Board of Directors approved an interim dividend of ₹1.65 per equity share of face value ₹1 each for the financial year 2026-27. The results and dividend details were approved at the Board meeting held on November 4, 2026, with the dividend payment expected on or after November 20, 2026.
| November 4, 2026 | ||
| BSE Limited Department of Corporate Services 1st Floor, New Trading Ring Rotunda Building, P J Towers Dalal Street, Fort, Mumbai – 400 001 Security Code: 523405 |
National Stock Exchange of India Limited Exchange Plaza Plot No.C-1, G Block Bandra-Kurla Complex Bandra (East) Mumbai – 400 051 Symbol: JMFINANCIL |
Financial Results Approved
JM Financial Limited has announced the outcome of its Board Meeting held on November 4, 2026. The Board has approved the unaudited standalone and consolidated financial results for the second quarter and half year ended September 30, 2026. These results have been reviewed by the Audit Committee and are being uploaded on the company’s website and stock exchange websites.
Interim Dividend Declared
In a significant move for shareholders, the Board of Directors has declared an interim dividend of ₹1.65 per equity share of face value ₹1 each for the financial year 2026-27. This interim dividend will be paid to Members whose names appear in the Register of Members or as beneficial owners by the record date, which is set for Wednesday, November 11, 2026. The payment is scheduled to commence on or after Friday, November 20, 2026, within 30 days of its declaration.
Independent Auditor’s Review
The financial results are accompanied by a ‘Limited Review Report’ from the statutory auditors, KKC & Associates LLP, who have provided an unmodified opinion on the standalone and consolidated financial results.
Key Financial Highlights (Consolidated)
| Particulars | Quarter Ended 30.09.2026 (Unaudited) | Half Year Ended 30.09.2026 (Unaudited) |
| Total Income | ₹1,056.15 Crore | ₹2,280.81 Crore |
| Profit before tax | ₹323.01 Crore | ₹778.55 Crore |
| Net Profit for the period / year | ₹227.53 Crore | ₹596.27 Crore |
| Total Comprehensive Income | ₹234.62 Crore | ₹602.45 Crore |
| Basic EPS (in Rs.) | ₹2.50 | ₹5.55 |
Key Financial Highlights (Standalone)
| Particulars | Quarter Ended 30.09.2026 (Unaudited) | Half Year Ended 30.09.2026 (Unaudited) |
| Total Income | ₹398.24 Crore | ₹483.94 Crore |
| Profit before tax | ₹293.39 Crore | ₹296.17 Crore |
| Net Profit for the period / year | ₹255.93 Crore | ₹258.43 Crore |
| Total Comprehensive Income | ₹256.37 Crore | ₹258.77 Crore |
| Basic EPS (in Rs.) | ₹2.68 | ₹2.70 |
Segment Performance (Consolidated)
The segment-wise details reveal that Wealth and Asset Management and Private Markets are significant contributors to the company’s revenue. For the half year ended September 30, 2026, total segment revenue stood at ₹2,381.95 Crore, with segment results after exceptional items of ₹778.55 Crore.
Cash Flow Summary
The consolidated cash flow statement for the half year ended September 30, 2026, shows a net decrease in cash and cash equivalents of ₹253.24 Crore, bringing the closing balance to ₹218.95 Crore.
Notes on Financial Results
The results include fourteen (14) subsidiary companies, one (1) partnership firm, and one (1) association of persons, along with three (3) associates. The incorporation of JM Financial (Middle East) Limited and dissolution of JM Financial Private Wealth, Inc. are also noted. The company has also addressed tax appeals related to JM Financial Services Limited (JMFSL).
Source: BSE
