JM Financial Limited announced its Q2FY27 results, showcasing significant progress across its businesses. The corporate advisory and capital markets segment experienced a 2.5x quarter-on-quarter increase in net revenue, reaching INR286 crore, with profit after tax growing 4x to INR127 crore. The company highlighted a robust pipeline of transactions worth INR130,000 crore and positive trends in private markets, wealth management, and affordable housing finance.
JM Financial Reports Strong Q2FY27 Performance
JM Financial Limited has announced its financial results for the second quarter of FY27, highlighting robust growth across its diverse business segments. The company reported a significant 12% year-on-year increase in consolidated interest income to INR437 crore. The standard loan book across private markets, wealth, and affordable home loans expanded by 23% year-on-year to INR10,270 crore.
Capital Markets and Corporate Advisory Surge
The corporate advisory and capital markets segment, encompassing investment banking and institutional equities, demonstrated exceptional performance. Net revenue in this segment grew by an impressive 2.5x quarter-on-quarter to INR286 crore. Profit after tax saw a corresponding 4x increase quarter-on-quarter, reaching INR127 crore. For the half-year period, net revenue stood at INR400 crore, with profit after tax at INR158 crore, reflecting an annualized ROE of approximately 36%.
Robust Pipeline and Segment Growth
The company’s overall Q2 FY27 consolidated net revenue was INR712 crore, with profit after tax (after non-controlling interest) at INR240 crore. For the half-year, net revenue grew 7% to approximately INR1,600 crore. JM Financial also highlighted a strong pipeline of transactions valued at approximately INR130,000 crore, filed with the regulator for execution over the next 12 months.
In the private markets business, disbursements grew by approximately INR1,000 crore during the quarter, and standard loans increased by 22% year-on-year to INR4,748 crore. The wealth management business saw recurring AUM grow by 16% year-on-year to INR37,000 crore, contributing to overall AUM of approximately INR40,000 crore, an increase of 17% year-on-year.
The affordable housing finance business recorded a 30% year-on-year growth in AUM, reaching nearly INR4,000 crore, with disbursements up by 48% year-on-year.
Dividend Declaration
In line with its distribution guidance, the company declared an interim dividend of INR1.65 per share, bringing the total payout over the last six quarters to INR7.6 per share, amounting to INR727 crore.
Source: BSE
