JM Financial announced strong Q3 FY26 results, with fees and commission income at ₹306 Cr, up 32% YoY. Consolidated PAT reached ₹313 Cr, a 50% increase YoY. The company highlighted expansion in wallet share of clients, counter-cyclical business elements and a fully capitalized position. 54 IPO transactions worth approximately ₹1,21,000 crore were filed, and affordable housing AUM grew 23%.
Financial Highlights
JM Financial reported a robust financial performance for Q3 FY26:
- Fees and Commission: ₹306 Cr, up 32% YoY
- Consolidated PAT: ₹313 Cr, up 50% YoY
- Operating PAT: ₹244 Cr, up 17% YoY
- Networth: ₹10,418 Cr, up 17% YoY
For the nine months ended December 31, 2025 (9M FY26):
- Fees and Commission: ₹879 Cr, up 25% YoY
- Consolidated PAT: ₹1,037 Cr, up 69% YoY
- Operating PAT: ₹968 Cr, up 58% YoY
Business Segment Growth
The company experienced strong growth across its business segments:
- Wealth – (RMs and Sales Employee Count): Up 41% (310)
- Wealth – Branches: Up 11%
- Wealth – Recurring AUM: ₹33,144 Cr, up 33%
- MF – Non Liquid AAUM: ₹12,021 Cr, up 15%
- Affordable Home Loans AUM: ₹3,183 Cr, up 23%
Corporate Advisory and Capital Markets
Key highlights for this segment include being #1 in IPOs and closing 37 equity capital market transactions worth over ₹87,000 crore in CY25. 54 IPO transactions aggregating to approximately ₹121,000 crore have been filed.
Wealth Management
The Wealth Management segment saw the addition of 11 branches and 27 franchisees YoY. Sales and wealth RMs headcount increased by 41% YoY to 1,057. Recurring AUM reached ₹33,144 Cr, up 33% YoY. Loans remain stable at ₹2,005 Cr.
Asset Management
MF Average AUM reached ₹14,344 Cr as of December 2024. The SIP Book per month stands at ₹107 Cr (December 2024).
Private Markets
The non-core loan book was reduced to ₹347 crore. A syndication transaction worth ₹3,300 crore was successfully closed during the quarter.
Affordable Home Loans
AUM grew to ₹3,183 Cr, up by 23% YoY. The portfolio assigned reached ₹155 Cr, with a branch network of 135 and 1,958 employees. Average ticket size is approximately ₹10 Lakhs, with an average LTV of 58%.
Source: BSE
