JM Financial announces its Q2FY26 results, highlighting a strong financial performance and growth across various business segments. The company reported a 20% YoY increase in fees and commission, a 16% YoY rise in PAT, and an 18% YoY growth in net worth. Key business segments, including Wealth Management and Affordable Home Loans, also demonstrated robust growth.
Financial Performance Highlights
JM Financial reported robust financial results for Q2FY26:
- Fees and Commission: Increased by 20% YoY to ₹341 Cr.
- Profit After Tax (PAT): Rose by 16% YoY to ₹270 Cr.
- Net Worth: Grew by 18% YoY, reaching ₹10,241 Cr.
The company’s asset reconstruction business (JMF ARC) saw recoveries of ₹1,273 crore over the last 12 months, primarily used to reduce debt.
Segmental Growth
Strong growth was observed across various business segments:
- Wealth Management: RMs and sales employee count increased to 1,015 (43% YoY).
- Wealth Branches: Increased to 70 (11% YoY).
- Recurring AUM (Wealth): Reached ₹32,021 Cr (26% YoY).
- Non-Liquid AAUM (MF): Stood at ₹12,112 Cr (36% YoY).
- Affordable Home Loans AUM: Reached ₹3,031 Cr (28% YoY).
The company has filed IPO transactions worth over ₹1,20,000 crore, with additional IPOs yet to be filed.
Segment Performance Details
Corporate Advisory and Capital Markets
The segment reported revenue of ₹321 Cr in Q2FY26, a 25.9% YoY increase. PAT for the segment was ₹142 Cr, reflecting a 40.8% YoY growth.
Wealth and Asset Management
Wealth Management reported revenue of ₹329 Cr, a slight decrease of 4.6% YoY. The segment’s PAT was ₹30 Cr. Asset Management revenue was ₹12 Cr, and PAT was ₹(10) Cr.
Private Markets
This segment’s revenue reached ₹287 Cr, a 43.4% YoY decrease. However, PAT significantly increased to ₹77 Cr, driven by strong resolutions in the asset reconstruction business.
Affordable Home Loans
The segment reported revenue of ₹109 Cr, a 40.7% YoY increase, and PAT of ₹13 Cr.
Source: BSE
